Category: Popular News

Power Sector’s Reduced RLNG Offtake Sparks Gas Supply and Financial Concerns

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Pakistan-LNG

ISLAMABAD: Pakistan’s power sector consumed 28% less RLNG than its committed volumes with Sui Northern Gas Pipelines Limited (SNGPL) in June 2025, triggering serious operational and financial concerns for the gas utility, sources revealed. SNGPL had planned for a committed supply of 550 MMCFD (million cubic feet per day) to the power sector, but actual consumption averaged just 396 MMCFD, leading to gas buildup in the system. The utility has repeatedly flagged the issue to the Directorate General of Gas (Petroleum Division) and the Power Division, warning of potential disruptions…

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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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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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Audit Body Accuses Power Division of Withholding Key NEP, NE-Plan Documents

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Sale-Taxes

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…

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