WASHINGTON: Donald Trump has indicated that the ongoing US-Israeli military campaign against Iran could conclude within weeks, even as he warned of an escalation in attacks before any resolution is reached. In a 19-minute prime-time address from the White House, Trump described the operation as a “decisive, overwhelming victory” and said the United States was “very close” to completing its objectives. “We are going to hit them extremely hard over the next two to three weeks,” he said, while adding that discussions were ongoing without outlining any clear diplomatic framework…
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How far is war from the dinner table?
As we enter the fifth week of the war in the Middle East, most of the discussion so far has focused on oil, gas and the intensity of the energy shock. That concern is justified. But another danger is building more quietly, and it deserves attention before it becomes harder to manage. I am referring to the food security risks created by a prolonged war. To some, that may seem counterintuitive. The Middle East is not usually seen as the world’s granary. A war in the region should not, on…
Read MoreGovt Revises Solar Billing Mechanism, Curtails Net Metering Benefits
Islamabad: The federal government has introduced significant amendments to the billing procedure for solar power consumers, a move that is expected to substantially impact net metering benefits across Pakistan. According to reports, the revised billing mechanism alters how excess electricity generated by solar users is calculated and credited, raising concerns among consumers and industry stakeholders. The changes have reportedly been implemented despite existing agreements with solar consumers, triggering uncertainty within the renewable energy sector. A key feature of the new policy is the declaration of excess electricity as “zero” units.…
Read MoreFederal Minister Ali Pervaiz Malik Inaugurates Commencement of Production from Spinwam-1 in Waziristan Block, Adding 40 MMCF Gas per day and 220 barrels of condensate per day
ISLAMABAD: In a significant development for Pakistan’s energy sector, the Waziristan Joint Venture (WJV), operated by Mari Energies Limited, has officially commenced production from the Spinwam-1 exploratory well located in the Waziristan Block, Khyber Pakhtunkhwa. The inauguration ceremony was held at the Mari Energies Head Office and attended by Federal Minister for Petroleum Ali Pervaiz Malik, who lauded the joint venture’s technical expertise and operational excellence. He emphasized that discoveries like Spinwam-1 play a critical role in enhancing Pakistan’s energy security, reducing reliance on imported fuels, and supporting sustainable economic…
Read MorePSA Proposes 130% MRP-Based Taxation to Streamline Solar Sector and Boost Revenue
ISLAMABAD: The Pakistan Solar Association (PSA) has proposed a shift to a 130% Maximum Retail Price (MRP)-based valuation for solar panels and inverters, aiming to simplify taxation, curb the grey market, and enhance government revenue collection. In a formal submission to the Power Division and the Federal Board of Revenue (FBR), the association highlighted anomalies in the current tax structure under the Finance Act 2026, where solar panels are subject to 10% General Sales Tax (GST) and inverters to 18%. According to PSA, this differential, multi-stage taxation has led to…
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