Day: June 5, 2025

Trump says ‘very disappointed’ by Musk criticism

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Musk Criticism

WASHINGTON: US President Donald Trump said Thursday he was “very disappointed” by Elon Musk’s criticism of his policy mega-bill, adding he didn’t know if his friendship with his billionaire former advisor would survive. In an extraordinary rant in the Oval Office as visiting German Chancellor Friedrich Merz sat mutely beside him, Trump unloaded on SpaceX and Tesla boss Musk in his first comments on the issue. “Look, Elon and I had a great relationship. I don’t know if we will anymore. I was surprised,” Trump told reporters in the Oval…

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Rs415 billion in losses raise alarms over tobacco enforcement

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tobacco

While regulators tighten the noose around Pakistan’s formal tobacco sector, the real threat is expanding in plain sight. Illicit cigarette brands—untaxed, unregulated, and widely available—have captured more than half the market. They pay nothing, follow no rules, and yet continue to grow. The law is chasing what is visible, not what is dangerous. The formal industry, despite contributing nearly Rs270 billion in taxes each year, now controls only 46 percent of the market. The remaining share belongs to illegal operators selling cigarettes at a fraction of legal prices. This thriving…

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Report analyses impact of solar imports on Pakistan’s power sector

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Solar-wind

KARACHI: Renewables First, a think tank on energy and environment, has launched a new report titled ‘Leader of One or Leader of None – China’s Choice for Clean over Coal in Pakistan’, which examines China’s growing paradox in the Global South: acting as both a clean energy powerhouse and a financier of fossil fuels, with Pakistan serving as a pivotal case study. America’s withdrawal from the Paris Agreement threw international climate action into uncertainty, raising questions over who, if anyone, might assume global leadership in the fight against climate change.…

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PARCO Participates in Baku Energy Week 2025 to Boost Global Energy Ties

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New-Project32

PARCO proudly represented Pakistan at Baku Energy Week 2025, joining global energy leaders to shape the future of the sector. Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, held key discussions with Mubadala Energy’s CEO Mr. Mansoor Mohamed Al Hamed and COO Mr. Adnan Omer Bu Fateem to enhance bilateral energy cooperation. PARCO’s Managing Director, Mr. Irteza Ali Qureshi, also attended, highlighting PARCO’s commitment to Pakistan’s long-term energy goals. The event served as a platform for strengthening international energy partnerships, driving innovation, and promoting sustainability.

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