Author: Admin

NA Panel Rejects Taxes on Solar Panels, Hybrid Cars; Slams Anti-Environment Measures

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FBR-Tex

ISLAMABAD: In a major relief for clean energy and environment advocates, the National Assembly Standing Committee on Finance on Tuesday unanimously rejected the proposed 18% sales tax on imported solar panels and their parts. Additionally, the government also withdrew a controversial proposal to raise sales tax on hybrid vehicles up to 1800cc from 12.5% to 18%—both seen as anti-environment measures. The committee, chaired by PPP MNA and former finance minister Syed Naveed Qamar, overruled the solar tax plan during the ongoing discussion on the Finance Bill 2025. Since the National…

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Trump calls Iran’s supreme leader “an easy target” and says US patience is “wearing thin”

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donald trump

President Donald Trump issued a series of warnings to Iran, calling Supreme Leader Ayatollah Ali Khamenei an “easy target” and saying that America’s “patience is wearing thin.” “We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target but is safe there — We are not going to take him out (kill!), at least not for now. But we don’t want missiles shot at civilians, or American soldiers. Our patience is wearing thin. Thank you for your attention to this matter!” Trump wrote in a Truth Social…

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Israel and Iran trade strikes on fifth day of conflict

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Donald-Trump

• Israel and Iran are trading strikes for a fifth day, with civilians in flashpoint areas facing waves of attacks. In Iran, at least 224 people have been killed since hostilities began. In Israel, 24 people have been killed. • US President Donald Trump says he’s looking for a “real end” to the conflict, not just a truce, after leaving the G7 summit early. Trump also issued a series of warnings to Iran, calling Supreme Leader Ayatollah Ali Khamenei an “easy target.” • Trump disputed his own director of national intelligence’s assessment of how close Iran is to…

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Sindh Allocates Rs25bn for Solarisation to Cut Power Costs: Nasir Hussain Shah

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Nasir-Shah

KARACHI, June 17, 2025 — Sindh Energy Minister Syed Nasir Hussain Shah announced on Monday that the provincial government has allocated Rs25 billion in the new budget to reduce electricity costs through widespread solarisation, aiming to provide relief to low-income and underprivileged households. Shah credited Pakistan Peoples Party (PPP) Chairman and the Chief Minister for championing the initiative, saying it reflects the party’s vision of ensuring affordable and even free electricity where possible. The Energy Department, he noted, is actively working to distribute solar panels and implement solar energy solutions…

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IMF Rejects \$6bn Refinery Upgrade Plan; SIFC to Draft New Proposals

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New-IMF

ISLAMABAD, June 17, 2025 — In a major setback for Pakistan’s energy sector, the International Monetary Fund (IMF) has rejected the government’s proposals for \$6 billion in refinery upgrade projects aimed at producing cleaner Euro-V standard petrol and diesel, prompting the Special Investment Facilitation Council (SIFC) to call an emergency meeting on Wednesday to formulate revised proposals. Senior officials from the Petroleum Division confirmed that new proposals would be discussed, although they warned these may lead to an escalation in project costs, ultimately to be borne by petroleum consumers. To…

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