Cabinet Approves Historic Circular Debt Plan, Reaffirms Support for Iran Amid Escalating Regional Crisis

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ISLAMABAD – The federal cabinet on Wednesday approved Pakistan’s largest-ever financial restructuring initiative to address the chronic issue of circular debt in the power sector, targeting the elimination of Rs1.275 trillion over six years without burdening the national budget. Chaired by Prime Minister Shehbaz Sharif, the cabinet meeting hailed the plan as a major milestone in energy sector reforms. Under the strategy, Rs683 billion of Power Holding Company debt will be refinanced, while overdue payments to Independent Power Producers (IPPs) will be settled—steps deemed crucial for restoring investor confidence and…

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Trump, Field Marshal Munir Hold Historic Talks on Counterterrorism, Trade in Cordial White House Meeting

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WASHINGTON – In a landmark meeting at the White House, US President Donald Trump and Pakistan’s Chief of Army Staff (COAS) Field Marshal Syed Asim Munir held wide-ranging discussions on joint counterterrorism efforts and expanding bilateral trade, the ISPR said in a statement on Thursday. This unprecedented meeting marked the first time a serving Pakistani army chief was formally received by a sitting US president in such capacity, without holding political office or ruling under martial law. Held in the Cabinet Room over a luncheon, the meeting extended over two…

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‘We’ll see what happens’: As Israel-Iran conflict deepens, Trump weighs military options

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Iran’s supreme leader has staunchly rejected calls for surrender, asserting that U.S. military involvement could trigger an “all-out war.” As tensions continue to escalate in a war of words and missiles between Israel and Iran, Iran’s supreme leader firmly declared that his country will not surrender and cautioned that any U.S. military intervention could result in “irreparable damage.” President Donald Trump, meanwhile, appears to be weighing his options regarding U.S. involvement. When pressed by reporters about potential military engagement, he refrained from revealing specific plans but hinted that the next…

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Trump Says ‘Nobody Knows’ His Plans on Iran

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President Trump said he “may” or “may not” order U.S. forces to attack Iran’s nuclear sites. Iran’s supreme leader, Ayatollah Ali Khamenei, rejected his call for “unconditional surrender.” President Trump refused to say explicitly on Wednesday whether he would order U.S. forces to attack Iran’s nuclear sites, suggesting the possibility that he had not yet decided whether to join in the war between Iran and Israel. “I may do it,” he told reporters on the White House lawn. “I may not do it. I mean, nobody knows what I’m going to do.”…

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LONGi’s Hi-MO 9 BC Modules Beat TOPCon in LCOE: Enertis Applus+ Study Validates Superior Commercial Performance

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Seville, Spain – June 2025 – A new independent analysis by global consultancy Enertis Applus+ confirms that LONGi’s Hi-MO 9 back-contact (BC) modules outperform TOPCon technology in terms of energy yield, cost-efficiency, and levelized cost of electricity (LCOE), reinforcing LONGi’s position as a leader in utility-scale solar innovation. The study focused on a 47MW single-axis tracker PV project in Seville, with Energy Yield Assessments (EYA) based on module data supplied by LONGi. Results provide strong technical validation for the adoption of BC technology in large-scale solar deployments. Key Findings: This…

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