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
• 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…
Read MoreIMF Rejects \$6bn Refinery Upgrade Plan; SIFC to Draft New Proposals
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…
Read MoreAudit Body Accuses Power Division of Withholding Key NEP, NE-Plan Documents
ISLAMABAD, June 17, 2025: The Directorate General of Audit (Power) has accused the Power Division of failing to provide essential documents related to the National Electricity Policy (NEP) 2021 and the National Electricity Plan (2023–27), hindering the progress of a special audit. In a letter addressed to the Secretary Power, Director Audit (Power) Meesam Abbas Khawaja stated that he was assigned the special audit task on June 2, 2025, and had issued three formal requisitions requesting the necessary records. However, no relevant documents or supporting evidence have been submitted to…
Read MoreNo Hike in Petroleum Levy, But Consumers Face Oil Price Surge
ISLAMABAD, June 17, 2025: The federal government has ruled out any increase in the Petroleum Development Levy (PDL), but warned that consumers will have to bear the impact of surging global oil prices triggered by escalating tensions in the Middle East. The announcement was made during a briefing to the National Assembly Standing Committee on Finance and Revenue, chaired by MNA Naveed Qamar, on Monday. Finance Secretary confirmed that while the government aims to collect Rs1.486 trillion in PDL during FY2025-26, no further hike is planned despite global volatility. Finance…
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