Category: Popular News

SIFC Approves SSGC-JJVL Revenue-Sharing Deal to Restart LPG Plant by July 31

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ISLAMABAD – The Special Investment Facilitation Council (SIFC) on Wednesday formally endorsed a revenue-sharing agreement between Sui Southern Gas Company Limited (SSGC) and Jamshoro Joint Venture Limited (JJVL), paving the way for the resumption of operations at the JJVL LPG-NGL extraction plant within 45 days—by July 31. Under the approved arrangement, SSGC and JJVL will operate on a 66:34 revenue-sharing formula, with SSGC also receiving 25% of the LPG output at the OGRA-notified producer price. The deal is expected to generate Rs2 billion annually for SSGC. The agreement, initially approved…

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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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