Day: June 19, 2025

The Latest: Israel threatens Iran’s supreme leader as Iranian strikes wound over 200

Admin
Israel-Iran

Iranian missiles hit a major hospital in southern Israel and struck residential buildings in Tel Aviv on Thursday, wounding 240 people and causing extensive damage. Israeli Defense Minister Israel Katz blamed Iran’s Supreme Leader Ayatollah Ali Khamenei and said the military “has been instructed and knows that in order to achieve all of its goals, this man absolutely should not continue to exist.” Israel, meanwhile, carried out strikes on Iran’s Arak heavy water reactor, its latest attack on Iran’s sprawling nuclear program. Iranian state television said there was “no radiation…

Read More

US natural gas prices climb on lower output, higher demand

Admin
natural gas prices

NEW YORK: US natural gas futures climbed about 2% to a 10-week high on lower daily output and forecasts for hotter weather and higher demand over the next two weeks than previously expected. That heat should prompt homes and businesses to crank up their air conditioners, which should push power generators to burn more gas to produce electricity to keep those air conditioners humming. Analyst said that heat would likely come at the same time some liquefied natural gas (LNG) export plants exit maintenance reductions, which should boost the amount…

Read More

Oil prices jump as Israel-Iran conflict enters seventh day

Admin
Oil prices

CALGARY: Oil prices rose on Thursday after Israel and Iran continued to exchange missile attacks overnight and U.S. President Donald Trump’s stance on the conflict kept investors on edge. Brent crude futures rose $1.60, or 2.1%, to $78.29 a barrel by 1030 ET. U.S. West Texas Intermediate crude for Julywas up $1.64, or 2.1%, at $78.34. Brent had surged to its highest in nearly five months at $78.50 on June 13, when Israel began its attacks. Trading volumes were light on Thursday due to a U.S. federal holiday. The conflict…

Read More

Federal budget 2025 – 26FPCCI Rejects Excessive Authorities Given to Tax Officials Atif Ikram Sheikh, President FPCCI

Admin
Federal budget 2025

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has informed that FPCCI rejects the excessive, overly-subjective and harassment-prone authorities given to the tax officials in the Federal Budget 2025 – 26. We also reject the authority of the taxmen enabling them to withdraw from the business accounts and raid the business premises without a notice, he added. Atif Ikram Sheikh demanded that the federal government must take back these harsh measures, before the federal budget is passed to have the confidence of the business community. He added that the tax collection…

Read More

Pakistan Showcases Mining Sector Reforms at St. Petersburg International Economic Forum, Attracts Global Investor Interest

Admin
Pervaiz-Malik

Federal Minister for Petroleum,Ali Pervaiz Malik, presented the country’s transformative mining sector reforms during a high-level panel discussion titled “The Responsibility of World Leaders for Mineral Reserves and Production for the Sustainable Development of Global Economy” at the St. Petersburg International Economic Forum (SPIEF) 2025. The minister highlighted Pakistan’s recently launched Mining Framework Policy and the completion of Feasibility Study of Reko Diq Mine as key milestones in creating an investor-friendly environment for sustainable mineral development. He underscored the success of Pakistan Minerals Investment Forum that took place in Islamabad…

Read More