Newsletter - Page 14 of 298

KSE-100 Hits Record High as Budget Passage Boosts Investor Confidence

Investor confidence soared on Friday as the Pakistan Stock Exchange (PSX) closed at a historic high. The benchmark KSE-100 Index ended the week at 124,379.41 points, its highest-ever closing level. The index gained 2,332 points during the week, fueled by optimism following the approval of the Finance Bill 2025.

Budget Clarity Drives Market Sentiment

On the last trading day of the week, the KSE-100 jumped 2,333 points or 1.91%, recovering sharply from Thursday’s dip. Market participants reacted positively to the Rs17.57 trillion federal budget’s passage, which provided clarity on fiscal policy and stability in the political landscape.

The rally reflected strong buying across major sectors including banking, cement, oil and gas, and autos. Heavyweights such as OGDC, MCB, PSO, and Mari Petroleum closed in the green, significantly driving the index higher.

Read: KSE-100 Jumps 1,581 Points on Budget Approval, US Trade Breakthrough

Momentum Builds After Volatility

Thursday’s session had seen profit-taking amid uncertainty over the budget vote. However, Friday’s rally confirmed renewed investor trust in the market outlook. The intraday high reached 125,247.4 points, showing aggressive upward momentum.

Trading activity remained robust, with over 750 million shares exchanged and a traded value exceeding Rs30 billion. The All-Share Index also rose by 1,376 points to close at 77,679.81, signaling broader market strength.

Key Drivers Behind the Surge

Analysts pointed to several key factors behind the bullish trend: foreign interest in Pakistani equities, expectations of a rate cut by the State Bank, and continued IMF engagement under a new program.

With a nearly 78% rise since July 2023, the KSE-100 stands among the top-performing frontier markets over the past year. Experts believe the rally could continue if economic stability persists and policy reforms translate into corporate growth.

Eyes on Monetary Policy and IMF

Looking ahead, market watchers will monitor upcoming monetary policy decisions and external financing progress. These developments could determine whether the current momentum extends into the next fiscal quarter.

Read: New Zealand Crush Pakistan 6-2 to Clinch FIH Nations Cup Title

India Pushes for Permanent Solution to China Border Dispute

India has renewed its call for a permanent solution to the long-standing border dispute with China. The issue took center stage during Defence Minister Rajnath Singh’s meeting with his Chinese counterpart Dong Jun on the sidelines of the Shanghai Cooperation Organisation (SCO) defence ministers’ summit in Qingdao on June 26.

Structured Talks Urged

According to India’s Defence Ministry, Singh emphasized that the ongoing tensions should be resolved through a well-defined, structured roadmap. He stressed the need for long-term peace and stability along the 3,800-kilometer Himalayan frontier that remains largely undemarcated and disputed.

Singh made it clear that New Delhi seeks to resolve differences diplomatically while preserving its territorial integrity.

Historical Tensions Resurface

India and China, both nuclear powers, have fought a war over the border in 1962. While the region remained mostly calm in recent years, tensions erupted in 2020 during a deadly clash in the Galwan Valley. The encounter left 20 Indian and four Chinese soldiers dead.

Read: Iran Rejects US Nuclear Talks, Downplays Impact of American Strikes

Following the incident, both nations deployed tens of thousands of troops in the mountainous region, leading to a prolonged military standoff. The standoff only began to ease after a disengagement pact in October 2024.

Rebuilding Trust

Singh also raised the issue of the “trust deficit” created by the 2020 clash. He urged China to help restore mutual confidence through consistent engagement and transparent communication.

Indian officials believe that rebuilding trust is essential for avoiding future flare-ups and ensuring regional stability.

SCO Summit Sets the Stage

The meeting was part of the SCO defence ministers’ gathering — a precursor to the group’s upcoming autumn summit. The SCO is a 10-nation political and security bloc that includes China, India, Russia, Pakistan, and Iran.

Regional tensions, including those involving member states, are expected to dominate discussions in the full summit later this year, with border issues between India and China likely to remain a critical focus.

Pakistan Women’s Football Team Heads to Indonesia for AFC Cup

Pakistan’s women’s football team is ready to take on the AFC Women’s Asian Cup Qualifiers as they head to Indonesia tonight. With high hopes and focused preparation, the team aims to make a mark on the international stage.

Final Preparations Complete

The squad wrapped up its training camp at Islamabad’s Jinnah Stadium earlier today. President of the Pakistan Football Federation (PFF), Syed Mohsen Gilani, visited the camp to offer encouragement. He met with players and coaches, expressing full confidence in their abilities and dedication.

Head Coach Adeel Rizki led the training sessions, ensuring the squad was physically and tactically ready for the challenge ahead.

Group Stage Line-Up

Pakistan is placed in Group E, where they will compete against Chinese Taipei, host Indonesia, and Kyrgyzstan. The tournament kicks off on June 29. Pakistan will play its opening match against Chinese Taipei, followed by games against Indonesia on July 2 and Kyrgyzstan on July 5.

All matches will take place at the Sport Center Kelapa Dua Tangerang in Indonesia.

Travel Plans

The team departs tonight on a private airline, traveling through Karachi and Bangkok before arriving in Jakarta. Officials and coaching staff will accompany the players to ensure a smooth transition into the tournament setting.

Read: Cristiano Ronaldo Set to Extend Stay at Al-Nassr With Two-Year Deal

Squad Details

The final squad includes a mix of experienced and emerging talent. The full list is as follows:

Goalkeepers: Jennah Farooki, Nisha Ashraf, Zeeyana Jivraj
Defenders: Aliya Sadiq, Layla Banaras, Maria Khan (captain), Nizalia Siddiqui, Sophia Qureshi, Amina Hanif
Midfielders/Forwards: Azwa Chaudhry, Marsha Malik, Rameen Fareed, Sanah Mehdi, Suha Hirani, Anmol Hira, Aqsa Mushtaq, Isra Khan, Mariam Mahmood, Nadia Khan, Zehmena Malik, Zulfia Nazir

Eyes on Qualification

The team enters the qualifiers with determination to showcase its progress on the Asian football scene. With strong leadership, cohesive teamwork, and national support, Pakistan eyes a breakthrough performance in this continental campaign.

US, Pakistan Pledge to Support Middle East Stability After Iran-Israel War

In a key diplomatic move, the United States and Pakistan have agreed to collaborate in promoting Middle East peace following recent tensions sparked by a 12-day war between Iran and Israel. The agreement came after a phone call between US Secretary of State Marco Rubio and Pakistan Prime Minister Shehbaz Sharif.

Post-War Diplomacy Takes Shape

The conversation followed Israeli airstrikes on Iran’s nuclear and military sites on June 13, and subsequent US strikes on June 22. The offensive severely damaged Iran’s nuclear infrastructure, according to President Donald Trump, who claimed the action set Tehran’s program back by years.

Pakistan’s Regional Role

Pakistan has actively engaged in diplomatic efforts with Saudi Arabia, Iran, China, and Qatar to defuse escalating tensions. Iran’s retaliatory attack on a US base in Qatar further heightened fears of a regional spillover. During the call, PM Sharif reiterated Pakistan’s commitment to a constructive role in resolving the crisis.

Read: Pakistan’s Leadership Reaffirms United Stand Against Drug Abuse

Rubio: “Iran Must Never Have Nukes”

US Secretary Rubio emphasized that Iran must never be allowed to develop or acquire nuclear weapons. He and Sharif agreed on the urgency of maintaining regional stability and fostering durable peace between Israel and Iran. The US praised Pakistan’s engagement in regional diplomacy and acknowledged Islamabad’s support for peace efforts.

Pakistan Condemns Escalation

Pakistan strongly condemned both the Israeli and US strikes on Iran, while also expressing concern over Iran’s retaliation. It urged all sides to uphold international law and the United Nations Charter. PM Sharif emphasized the need for restraint and diplomacy to avoid further escalation.

Praise for US Mediation on India Front

Sharif also thanked the US for mediating the ceasefire between Pakistan and India following last month’s four-day military standoff. The brief but intense conflict claimed over 70 lives and was halted by a US-brokered truce on May 10. However, tensions linger as India maintains its suspension of a key water-sharing treaty.

Both sides agreed to strengthen bilateral ties, with a focus on enhancing trade and cooperation in key sectors.

Flash Floods in Swat Leave 18 Missing, 8 Dead Amid Ongoing Rescue Efforts

Heavy monsoon rains triggered severe Swat floods on Thursday, sweeping away at least 18 people and leaving entire communities stranded. Authorities confirmed that eight bodies have been recovered, while search and rescue operations continue in multiple areas across the district.

Rescue Operations in Full Swing

According to Khyber Pakhtunkhwa Rescue 1122, teams are actively working at eight locations along the Swat River. So far, 58 out of 75 trapped individuals have been rescued. Army personnel, police, and over 120 rescue workers are involved in the operation.

Rescue teams saved over 22 people in Imam Dhirai and 30 in Bara Bamakhela. In Manyar, seven people remain stranded, while in Panjigram, one person is still awaiting rescue. Teams from Rescue Stations 33, 44, and 55 are conducting joint efforts.

Read: More Rain Predicted for Karachi, Hyderabad as Monsoon Intensifies

Official Response and Rising Alert Levels

KP Chief Secretary Shahab Ali Shah confirmed that three people have been rescued, and a committee has been formed to investigate the incident. Meanwhile, Charsadda Deputy Commissioner Qaiser Khan issued a high flood alert, reporting a massive discharge of 77,782 cusecs at Khwazakhela in the Swat River.

Authorities have begun making mosque announcements to warn residents and encourage relocation to safer areas. Rescue units are also stationed along the Kabul and Swat Rivers for immediate response.

Climate Change Warnings

Former climate change minister Sherry Rehman stressed that these floods are not random. In a post on X, she blamed climate stress and heavy monsoons caused by global warming, urging both officials and the public to take early warning systems seriously.

PDMA Urges Urgent Action

The KP Provincial Disaster Management Authority (PDMA) has directed all districts to identify vulnerable areas and activate evacuation plans. Emergency shelters, medical supplies, and food must be made ready. Farmers and livestock owners have been warned to move away from riverbanks.

The Provincial Emergency Operations Centre remains active round-the-clock, and citizens can seek assistance via helpline 1700.

More Rain Predicted for Karachi, Hyderabad as Monsoon Intensifies

KARACHI: The Pakistan Meteorological Department (PMD) has forecast another round of monsoon rain for Karachi and Hyderabad starting today (Thursday), offering temporary relief from the searing heat. However, the spell is expected to be accompanied by strong winds, thunderstorms, and dust storms, raising fresh concerns about flooding in low-lying areas and seasonal nullahs.

According to PMD, a westerly weather system has entered the region and will affect most parts of Sindh, including Karachi, Hyderabad, Badin, and Thatta, with intense weather expected until June 29.

The forecast comes just hours after Karachi’s first monsoon downpour hit the city overnight with thunder and lightning. While the cool breeze and rain offered some relief, the city’s fragile infrastructure buckled quickly under pressure.

Israeli Soldiers Say They Were Ordered to Shoot at Unarmed Aid Seekers: Haaretz Report

Power Outages and Structural Collapse

Following the overnight rain, around 350 electricity feeders tripped across Karachi, leaving many neighborhoods without power for hours. Residents in areas like North Karachi, Korangi, PECHS, Malir, and Lyari reported repeated blackouts and poor response from K-Electric.

In Hyderabad, the first downpour turned deadly when the roof of a madrassa collapsed, killing two children and injuring 14 others. Rescue workers shifted the injured to nearby hospitals, while authorities launched an inquiry into the structural failure. Initial reports suggest water seepage and poor building conditions contributed to the collapse.

Meanwhile, several roads in both cities remain waterlogged, with rainwater accumulating in key areas due to clogged drains and poor drainage systems. Commuters and motorists continue to face difficulties navigating flooded streets.

Mayor Takes Charge, Cancels Staff Leaves

In response to the chaos, Karachi Mayor Murtaza Wahab conducted field visits across the city to monitor post-rain conditions. He inspected areas including Clifton, Defence, South District, Governor House, Sindh Assembly, and Supreme Court Building.

Briefed by the Municipal Commissioner, Wahab expressed concern over the slow pace of drainage work and ordered that all municipal staff remain on high alert, canceling all scheduled leaves until further notice.

“We need to act fast before the next spell intensifies,” he said, urging KMC teams to speed up drain clearance and ensure water is pumped out of inundated areas.

The PMD has urged citizens to stay indoors during heavy showers and avoid low-lying areas. Authorities have also advised local administrations across Sindh to activate emergency response units as the current system may trigger urban and flash flooding in vulnerable areas.

As the monsoon season gains strength, Karachi and Hyderabad are bracing for more rain — and more challenges. Without urgent upgrades to drainage, power, and building infrastructure, the coming weeks could bring even greater disruptions.

Israel Tried but ‘Couldn’t Find Opportunity’ to Assassinate Khamenei, Says Defence Minister Katz

In a shocking admission, Israeli Defence Minister Israel Katz has revealed that Tel Aviv actively tried to assassinate Iran’s Supreme Leader Ayatollah Ali Khamenei during the recent war — but was unable to find a viable opportunity. The comments, made during a televised interview, have drawn global attention and escalated tensions following the fragile ceasefire between the two long-time enemies.

“We tried,” Katz said. “But we couldn’t find the opportunity.” His blunt acknowledgment marks one of the most direct confessions from a top Israeli official regarding targeted operations against Iran’s leadership.

GHF Staff Could Face War Crimes Charges Over Gaza Aid Deaths, Warns Rights Lawyer

While Israel has previously conducted assassinations of Iranian military and nuclear figures, including Qassem Soleimani and Mohsen Fakhrizadeh, an open declaration of intent to eliminate Iran’s head of state takes the conflict into a far more dangerous zone.

Iran Says Threat Still Looms

In response, Iranian authorities issued a stern warning, stating they believe Israel may still be planning to assassinate Khamenei, even after the recent 12-day war ended in a shaky ceasefire.

A senior official from Iran’s security council said, “The Zionist regime’s admission only confirms what we already knew — that their aim is not just tactical strikes, but regime change through assassination. Even now, we have intelligence suggesting they are still seeking to strike.”

Tehran has stepped up security around the Supreme Leader and key state institutions, with internal agencies reportedly working round-the-clock to preempt any covert Israeli operation. Iranian media has framed Katz’s statement as proof of Israel’s “terrorist mindset” and called on the international community to condemn the assassination attempt.

Global Reactions and Rising Risks

Katz’s remarks have stunned diplomatic observers. Analysts say such a direct statement is rare — and dangerous — particularly given how assassination plots are usually kept under wraps due to international law implications.

While the United Nations and major Western powers have not yet formally reacted to Katz’s admission, some human rights groups have voiced concern. “An open attempt to assassinate a nation’s highest religious and political leader is a flagrant violation of international law,” said a spokesperson from Human Rights Watch.

The statement also risks reigniting hostilities. Iran has previously vowed “massive retaliation” if any harm comes to its Supreme Leader. In the current climate — with a ceasefire barely holding and the region on edge — such provocations could tip the balance back toward open conflict.

Observers warn that if either side takes further unilateral action, the Middle East could plunge into another round of deadly escalation. For now, Katz’s words serve as a chilling reminder of just how close the region came to all-out war — and how fragile peace remains.

Iran Rejects US Nuclear Talks, Downplays Impact of American Strikes

Iran has firmly denied any plans to resume nuclear talks with the United States, days after the end of a 12-day war with Israel that significantly strained regional stability. Speaking on state television Thursday, Iran’s Foreign Minister Abbas Araghchi dismissed reports that Tehran would return to the table, calling them baseless.

“I would like to state clearly that no agreement, arrangement, or conversation has been made to start new negotiations,” Araghchi said. “No plan has been set yet to start negotiations.”

His remarks come after former US President Donald Trump claimed that Washington would be engaging with Tehran next week, suggesting a path toward a “comprehensive peace agreement.” Trump’s special envoy Steve Witkoff also voiced optimism about diplomatic progress.

However, Iran’s firm response leaves little room for such hopes. Araghchi labeled the speculation “wishful thinking” and accused the US of trying to generate false narratives for domestic and international audiences. The statement appears to be a strategic message from Iran’s leadership: talks will not be held under current conditions, particularly after open conflict with Israel.

Fallout from War Halts Diplomatic Momentum

The recent conflict between Iran and Israel — the most direct and destructive engagement in their decades-long shadow war — brought any nuclear diplomacy to a screeching halt. Analysts had previously suggested that backchannel discussions could restart after hostilities ended, especially with Washington under pressure to prevent further escalation in the Middle East.

But Tehran’s rejection of dialogue suggests that its leadership views the timing as inappropriate and the environment as hostile. Iranian officials believe the strikes carried out by the United States during the conflict were exaggerated in terms of their military impact and political significance.

“No one in the region takes those strikes seriously,” an unnamed senior Iranian official told local media. “They were more for show than substance.”

While the United States framed the strikes as a warning to Iran over its attacks on Israeli targets, Tehran has largely dismissed them as symbolic gestures lacking strategic value. The messaging from Iran aims to project strength and resilience in the face of Western pressure.

Strategic Calculations and Domestic Pressure

Iran’s refusal to return to talks is also tied to internal dynamics. With hardliners dominating key political and security institutions, any engagement with the United States — especially following military confrontation — risks being seen as weakness. Public sentiment in Iran remains skeptical of American intentions, particularly after years of sanctions and the breakdown of the 2015 nuclear deal.

Meanwhile, the US continues to face its own diplomatic balancing act. While Trump and his envoys speak of peace, Washington has also ramped up military support for Israel and increased sanctions on Iranian officials.

Given these realities, Tehran’s current position appears to be a calculated move: reject diplomacy for now, emphasize self-reliance, and wait for the geopolitical environment to shift in its favor. Until then, nuclear talks remain off the table.

KSE-100 Jumps 1,581 Points on Budget Approval, US Trade Breakthrough

The Pakistan Stock Exchange (PSX) opened Friday’s trading session on a high note, with the benchmark KSE-100 Index surging by 1,581.77 points, or 1.3%, to hit an intraday peak of 123,628.23. This strong recovery comes a day after the market had dipped over 700 points, reflecting renewed investor optimism following the federal budget’s approval and signs of strengthening economic ties with the United States.

The index’s low point for the day was 122,222.69—still a modest gain from Thursday’s close of 122,046.46. By midday, the market remained buoyant, reversing the previous day’s losses and signaling a restored sense of direction among investors.

Independent investment analyst AAH Soomro attributed the rally to improved macroeconomic outlooks and geopolitical developments. “Optimism is back owing to renewed US-Pakistan ties and macroeconomic rerating,” Soomro said. “Valuations are attractive compared to fixed income alternatives.”

Israeli Soldiers Say They Were Ordered to Shoot at Unarmed Aid Seekers: Haaretz Report

Trade Momentum Builds with US

One of the biggest drivers of market sentiment was the progress in US-Pakistan trade talks. Finance Minister Muhammad Aurangzeb recently held a virtual meeting with US Commerce Secretary Howard Lutnick, during which both sides expressed hope for concluding discussions on a Preferential Trade Agreement (PTA) soon. Negotiators are also considering a broader Bilateral Trade Agreement (BTA).

This follows Field Marshal Asim Munir’s high-level diplomatic visit to Washington, which analysts say helped revive long-dormant economic channels between the two countries. If finalized, the PTA or BTA could mark a major turning point in Pakistan’s export strategy and foreign investment landscape.

The potential for tariff concessions, reciprocal market access, and long-term trade cooperation has energized the business community and pushed investor interest back into equities. Such a shift could inject much-needed foreign capital and confidence into Pakistan’s economy amid ongoing IMF oversight and fiscal reforms.

Roshan Digital Surge and Budget Clarity Aid Sentiment

Adding to investor enthusiasm, fresh data from the Roshan Digital Account (RDA) initiative showed total inflows reached $10.38 billion from September 2020 to May 2025. In May alone, RDA inflows climbed 13% month-on-month to $201 million. The total number of digital accounts stood at 823,224 by the end of May, highlighting continued trust from overseas Pakistanis.

According to Saad Hanif of Ismail Iqbal Securities, $6.65 billion of RDA inflows have been deployed into local instruments like Naya Pakistan Certificates and Roshan Equity. Another $1.95 billion remains repatriable.

Meanwhile, the National Assembly’s approval of the Rs17.57 trillion federal budget for FY2025–26 provided much-needed policy clarity. New amendments to the Finance Bill 2026 include tax reforms and anti-fraud measures. Notably, a revised income tax structure was introduced for salaried individuals, with incomes up to Rs600,000 remaining exempt and progressive slabs applied to higher incomes.

Markets typically react positively to fiscal clarity — and this time was no exception. Together with trade diplomacy and RDA inflows, it created a perfect storm of optimism that sent the KSE-100 Index soaring. Investors now wait to see if this momentum can be sustained into the coming weeks.

GHF Staff Could Face War Crimes Charges Over Gaza Aid Deaths, Warns Rights Lawyer

A prominent human rights lawyer has warned that staff of the Gaza Humanitarian Foundation (GHF), the group operating Gaza’s heavily militarized and increasingly deadly aid distribution program, could be held criminally responsible for war crimes. The warning follows shocking reports that Israeli forces have been firing on unarmed Palestinians gathering for aid — resulting in hundreds of deaths.

Speaking to Al Jazeera from London, Kate Mackintosh, executive director of the UCLA Law Promise Institute Europe, said there’s a growing legal case against GHF employees who continue to work at distribution hubs where civilians are being killed.

“It’s very unclear why these people are being targeted and killed,” Mackintosh said. “But I think it’s pretty clear that these are unarmed civilians who are desperately trying to get food for their families. Firing upon people in that situation, prima facie, is a war crime.”

Awareness Could Mean Liability

Mackintosh emphasized that even if GHF staff are not directly involved in the violence, they could still be held accountable under international criminal law — simply by being aware of the risks and continuing operations without taking steps to prevent harm.

“If they’re aware that this is going to happen — or even, in some jurisdictions, if they’re aware of the substantial risk of this happening — then they could be held criminally liable for participating in those crimes,” she said.

Her warning draws attention to a critical legal principle: complicity in war crimes does not require active involvement. Knowing about ongoing crimes and continuing to enable or support those operations, even logistically or financially, may be enough to trigger criminal responsibility.

This could open the door to investigations by the International Criminal Court (ICC) or other national jurisdictions under universal jurisdiction laws — especially if diplomatic protections begin to wear thin under growing public scrutiny.

US Funding Adds Pressure on Accountability

The GHF has already come under fire for its handling of the Gaza aid centers, with over 549 civilians reportedly killed near these hubs since late May, according to Gaza’s Health Ministry. The revelations that Israeli soldiers were ordered to fire on these unarmed civilians have sparked outrage globally.

What adds more weight to Mackintosh’s warning is the recent US decision to approve $30 million in funding to support GHF’s operations — despite the mounting evidence of systematic violence. Human rights groups argue that this funding could further entangle GHF staff, and even American officials, in legal and moral culpability.

“Even if their intentions are humanitarian,” Mackintosh noted, “they must consider the consequences of continuing operations that have consistently led to mass civilian casualties.”

As international scrutiny intensifies, calls for accountability are growing louder. If the warnings from experts like Mackintosh are ignored, the GHF and its supporters may soon find themselves not just in the court of public opinion — but in an actual courtroom.

Israeli Soldiers Say They Were Ordered to Shoot at Unarmed Aid Seekers: Haaretz Report

Israeli soldiers have claimed they were ordered to open fire on unarmed Palestinians at aid distribution centers in Gaza, according to an explosive report by Israeli newspaper Haaretz. The revelations come amid growing international outrage over the rising civilian death toll in the besieged territory.

Soldiers and officers quoted in the report say they received direct orders to shoot at crowds of aid seekers, many of whom were approaching the centers for basic necessities like food and water. Eyewitness testimonies describe the areas as “killing fields” where between one and five people were killed daily.

One soldier, speaking anonymously, described the use of deadly force instead of standard riot control tactics. “They don’t shoot tear gas. They use heavy machine guns, grenade launchers, even mortars. It’s as if the aid seekers are being treated like enemy combatants,” he said. “We communicate with them through fire.”

The soldier’s account matches reports from humanitarian workers and Gaza’s health authorities, who have long raised alarms about attacks near aid distribution hubs. According to Gaza’s Health Ministry, at least 549 people have been killed near these aid centers since late May.

Military Prosecutors Push for War Crimes Probe

The Haaretz report also revealed that Israel’s military prosecutor’s office has urged the military’s top brass to launch an internal investigation into these suspected war crimes. This demand is significant, as it suggests that even within the Israeli establishment, concerns are mounting over possible breaches of international law.

The soldiers’ testimonies contradict official military claims that troops only fire when threatened. Instead, the report highlights a pattern of preemptive and excessive force against unarmed civilians. Human rights groups have repeatedly criticized Israel for these exact practices, calling them disproportionate and illegal under the Geneva Conventions.

American Airlines Flight Makes Emergency Landing After Engine Smoke

Despite the grave allegations, the Israeli government has so far remained silent on the issue. No arrests or disciplinary actions against commanding officers have been reported. Critics argue that without international pressure or legal consequences, such abuses are unlikely to stop.

US Approves Millions Despite Mounting Casualties

In a move that has sparked sharp criticism, the United States recently approved a $30 million funding package for the group operating some of these aid hubs, despite overwhelming evidence of routine violence at the sites. Human rights lawyers have warned that this funding could make US staff complicit in potential war crimes.

The funding decision has fueled fresh calls for Washington to reevaluate its role in the conflict. “You cannot bankroll an operation where aid is used as bait and civilians are gunned down,” said one rights advocate. “This is not just morally indefensible — it’s legally dangerous.”

As the situation in Gaza worsens, these revelations may mark a turning point. If the international community fails to act on such damning evidence, the message will be clear: even war crimes can go unpunished — so long as the victims are Palestinians.

Cristiano Ronaldo Set to Extend Stay at Al-Nassr With Two-Year Deal

Cristiano Ronaldo is reportedly set to sign a new two-year contract with Saudi Pro League club Al-Nassr, ensuring his stay in Riyadh until at least mid-2027. The Portuguese star, now 40, initially joined Al-Nassr in December 2022 after leaving Manchester United as a free agent. His current deal was set to expire at the end of June, sparking rumors about his potential departure.

Ronaldo to Remain in Saudi Arabia

Speculation about Ronaldo’s exit grew last month when he posted “the chapter is over” after Al-Nassr’s final league match. However, sources now confirm that the five-time Ballon d’Or winner is close to finalizing terms to extend his stay with the Saudi side.

Record-Breaking Form Continues

Since joining Al-Nassr, Ronaldo has delivered consistent performances. He has scored 99 goals in 111 appearances for the club, including 35 goals in the last season alone, earning him the Saudi Pro League Golden Boot award. His impact on and off the field has solidified Al-Nassr’s status in the growing Saudi football scene.

Read: Cristiano Ronaldo Hints at Retirement from Football

Uncertainty in Club Management

Al-Nassr are currently without a head coach after parting ways with Stefano Pioli on Wednesday. The former AC Milan and Inter Milan manager joined in September and led the team to a third-place league finish, 13 points behind champions Al-Ittihad. The club now faces the challenge of securing a new manager to guide them through the upcoming season.

Future Goals and Expectations

Ronaldo’s decision to stay highlights his ongoing ambition, both personally and professionally. With nearly 100 goals already, he could surpass the century mark early next season. His leadership and global following remain central to Al-Nassr’s branding and success in the Saudi Pro League.

The renewed deal also signals Ronaldo’s commitment to contributing to Saudi Arabia’s growing football ambitions, as the country continues investing in top international talent.

American Airlines Flight Makes Emergency Landing After Engine Smoke

An emergency landing was carried out by an American Airlines Airbus A321 on Wednesday after smoke was seen coming from its left engine shortly after takeoff from Harry Reid International Airport in Las Vegas. The aircraft, operating as Flight 1665 to Charlotte, carried 153 passengers and six crew members. The pilot turned back minutes after departure and landed safely at the airport.

Smoke and Sounds Alarm Passengers

Eyewitnesses and passengers reported seeing flames and hearing a loud boom followed by rumbling. Video footage captured black smoke trailing from the engine moments after takeoff. Passenger Patrick Chapin told local media that the noise made many passengers anxious, although the situation was handled calmly by the crew.

Crew Responds Swiftly

The pilot acted immediately, guiding the aircraft back to Las Vegas. According to American Airlines, the aircraft returned to the gate under its own power and all passengers deplaned safely. No injuries were reported. “We appreciate the professionalism of our crew and thank our team for their efforts to re-accommodate passengers,” the airline said in a statement.

Read: France Confirms Intercepting Iranian Drones Targeting Israel Before Ceasefire

Aircraft Under Inspection

American Airlines confirmed that the plane has been removed from service for further inspection and repairs. While initial reports suggested an engine fire, a preliminary inspection by airline mechanics found no visible evidence of an actual fire, only smoke.

FAA Investigation Underway

The Federal Aviation Administration (FAA) has launched a formal investigation into the incident. Authorities will assess the aircraft’s mechanical condition, maintenance records, and pilot responses.

Ongoing Aviation Safety Concerns

This latest emergency comes amid a troubling year for global aviation. It follows a fatal Air India crash earlier in June and a deadly mid-air collision in January involving an American Airlines jet and a military helicopter that killed 67 people. These incidents have raised growing concerns over aviation safety in 2025.

Passengers from Flight 1665 were later rebooked on alternative flights to Charlotte. The FAA’s findings will determine the next steps for both American Airlines and aircraft manufacturer Airbus.

Gold Holds Modest Gains Near $3,350 Amid Fed Uncertainty

The gold price continues its cautious upward trend, hovering near the $3,350 mark on Thursday as investors respond to growing concerns over the independence of the Federal Reserve. US President Donald Trump’s reported consideration of replacing Fed Chair Jerome Powell has heightened market anxiety, driving demand for safe-haven assets like gold. Meanwhile, expectations of a rate cut in July further pressured the US Dollar, boosting gold for the second day in a row.

Fed Tensions Weaken Dollar

Trump’s dissatisfaction with Powell’s reluctance to cut rates has reignited debate over the Fed’s autonomy. Powell, in contrast, emphasized that the Fed would wait to act until the inflationary effects of recent tariffs become clearer. This policy clash has pushed the US Dollar to a three-year low, making gold more attractive to investors seeking shelter from uncertainty.

Truce Limits Gold’s Rally

However, optimism over a ceasefire between Israel and Iran has calmed global risk sentiment. Trump declared the truce a victory, despite lingering questions about the extent of damage to Iran’s nuclear infrastructure. This sense of geopolitical stability has curbed aggressive buying of gold, which traditionally thrives during global unrest.

Read: Gold Prices Slip Again in Pakistan Amid Global Decline

Market Awaits Key US Data

While gold maintains a modest positive bias, traders remain cautious ahead of crucial US economic indicators. These include the final Q1 GDP figures, weekly jobless claims, durable goods orders, and pending home sales. Comments from key Federal Open Market Committee (FOMC) members are also expected to offer insight into the Fed’s policy direction.

Inflation Data in Focus

Looking ahead, the market’s focus will shift to Friday’s release of the US Personal Consumption and Expenditure (PCE) Price Index. As the Fed’s preferred inflation gauge, this data will likely influence expectations around interest rate moves. A soft reading may support gold prices further, while a surprise uptick could weigh on the metal.

For now, gold struggles to break out convincingly from its two-week low near $3,300. Investors are watching closely for stronger signals before making bold moves.

James Webb Telescope Captures First Image of Distant Exoplanet

The James Webb Space Telescope has captured its first direct image of an exoplanet—TWA 7b—a major breakthrough in the hunt for new worlds beyond our solar system. This gas giant, located roughly 100 light years away, marks a new chapter in the telescope’s mission to explore deep space since its deployment in 2022.

A Game-Changer in Exoplanet Detection

Until now, Webb focused on studying known exoplanets, examining their atmospheres and compositions. But this marks the telescope’s first discovery of a previously unknown planet. According to a study published in Nature, TWA 7b is at least ten times lighter than any other exoplanet directly imaged so far, with a mass similar to Saturn.

Overcoming Cosmic Challenges

Capturing such distant and faint planets is notoriously difficult. They emit little heat and are often hidden by the brightness of their host stars. Webb solves this with its MIRI instrument and a coronagraph, which blocks starlight much like a solar eclipse. This method allowed scientists to isolate and photograph the faint glow of TWA 7b.

Read: SpaceX Megarocket Explodes During Test at Starbase

Why TWA 7 Was the Perfect Target

The host star, TWA 7, is a young celestial body only 6.4 million years old. Unlike our Sun, it is still surrounded by a thick disk of gas and dust, a common nursery for planet formation. This disk, viewed from above, offered astronomers a clear look at its rings and inner structure.

Inside a gap in the second ring, Webb detected a bright object that turned out to be the planet. Researchers ruled out other sources, confirming it was not part of our Solar System or a distant galaxy.

The Search for Smaller Worlds

Lead researcher Anne-Marie Lagrange explained that Webb’s imaging power increases the chances of detecting smaller planets by tenfold. While TWA 7b is a gas giant, astronomers aim to one day spot rocky, Earth-like planets.

Future missions, including the Extremely Large Telescope in Chile, may take that goal even further—offering new hope in the search for life beyond Earth.

CIA Claims Iran’s Nuclear Program Severely Damaged by US Strikes

The CIA now believes key Iranian nuclear facilities have been significantly damaged following recent US airstrikes, with reconstruction expected to take years. CIA Director John Ratcliffe cited “new intelligence from a historically reliable source” indicating the destruction of multiple sites critical to Iran’s nuclear program.

Conflicting Intelligence Assessments

Despite Ratcliffe’s claims, the US intelligence community remains divided. The Defense Intelligence Agency (DIA) earlier assessed that the strikes had only delayed Iran’s nuclear ambitions by several months, not years. This contrast reflects ongoing internal disagreement over the true extent of the damage.

Adding to the claims, Director of National Intelligence Tulsi Gabbard said Iran’s main sites—Natanz, Fordow, and Esfahan—were “destroyed” and would require complete reconstruction. However, she did not provide supporting evidence.

Read: Israeli Strikes Kill 20 Palestinians Across Gaza

Trump Declares Strikes a Victory

Speaking at the NATO summit, President Donald Trump declared the strikes a turning point, stating they effectively ended the conflict between Israel and Iran. He dismissed doubts raised by the DIA, calling the agency’s findings “preliminary” and “low-confidence.”

Trump compared the strikes to historical wartime acts, saying, “When you look at Hiroshima and Nagasaki, that ended a war. This ended a war in a different way.” He insisted that Iran is unlikely to rebuild its program.

Political Stakes for Trump

The success of these strikes carries significant political weight for Trump. Some supporters had criticized the move as inconsistent with his non-interventionist stance. Trump responded that preventing Iran from acquiring a nuclear weapon justifies the action.

Accompanied by Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth, Trump accused media outlets of misrepresenting classified assessments. Hegseth labeled the DIA report as “leaked and misused,” while Rubio blamed political motives.

NATO Backs US

During the summit, NATO members committed to raising defense spending to 5% of GDP. Trump cited this as a foreign policy win and reiterated plans to hold nuclear talks with Iran next week, though he doubted Iran’s willingness to restart its nuclear efforts.

Monsoon Chaos in Punjab Leaves 4 Dead, 19 Injured

Heavy monsoon rains lashed Punjab on Thursday, leaving four people dead and 19 others injured in rain-related incidents across the province, according to the Provincial Disaster Management Authority (PDMA). Most of the casualties occurred due to roof collapses and flooding.

Fatalities Across Districts

Thirteen incidents were reported, with Okara witnessing the highest number. Among the deceased were two children and two adult men. One girl drowned in a storm drain in Okara, while another child died in Bahawalnagar. Two men drowned in Jhelum. A person was also injured by a lightning strike in Okara.

Rescue 1122 confirmed that 13 mud and dilapidated houses were damaged or collapsed due to the rain. Punjab rescue spokesperson Farooq Ahmed urged the public to stay away from electric poles, low-lying areas, and signboards, and to call 1122 in emergencies.

Read: Pre-Monsoon Rains Hit Twin Cities, Trigger Flood Alerts

Official Response and Warnings

PDMA Director General Irfan Ali Kathia instructed hospitals to provide top-tier medical care to the injured. He announced that families of the deceased would be compensated, in line with the Punjab government’s policy. Citizens were also urged to take precautions, as the first spell of monsoon rains is expected to continue until July 1st.

Rainfall and Weather Outlook

The Pakistan Meteorological Department (PMD) reported widespread rainfall and thunderstorms in Punjab, KP, Azad Kashmir, and Islamabad. Kasur recorded 63mm rainfall, Sheikhupura 50mm, and Okara 30mm. Meanwhile, KP’s Malam Jabba saw the highest rainfall nationwide at 70mm.

On Friday, more heavy rainfall is expected in Azad Kashmir, KP, Islamabad, and northern and central Punjab. Urban flooding risks remain high in cities like Lahore, Rawalpindi, and Gujranwala.

Karachi’s Forecast

Karachi is also expected to see isolated showers and thunderstorms by Friday evening. The temperature will range from 35°C to 37°C, with humidity levels between 70–80 percent. Rainfall is expected in parts of Sindh including Tharparkar, Umerkot, and Badin.

Emergency preparations have been heightened across Punjab, as officials expect 25% more rainfall than usual this monsoon season.

Pakistan’s Leadership Reaffirms United Stand Against Drug Abuse

On the International Day Against Drug Abuse and Illicit Trafficking, Prime Minister Shehbaz Sharif and President Asif Ali Zardari renewed their commitment to building a drug-free Pakistan. Both leaders urged coordinated efforts from all sectors of society to combat drug use and trafficking.

PM Highlights National Commitment

Prime Minister Shehbaz Sharif acknowledged the severity of drug abuse and the threat it poses to society. He emphasized that while the government continues its efforts to counter the issue, lasting success depends on collective action.

He noted that drug abuse contradicts Pakistan’s legal, social, and international obligations. The prime minister paid tribute to law enforcement agencies for their relentless work in breaking drug networks, praising their dedication and sacrifice.

Read: PPP Raises Red Flags Over Budget 2025 Ahead of Key Vote

President Calls for Awareness and Education

President Asif Ali Zardari stressed the importance of education and public awareness, particularly among youth, to prevent the spread of drug addiction. He reaffirmed that Pakistan will continue to take decisive actions against both abuse and trafficking.

Zardari praised the Anti-Narcotics Force (ANF) for its vital role in enforcing drug laws. Operating under the Ministry of Interior and Narcotics Control, the ANF has led numerous efforts to dismantle narcotics operations nationwide.

Emphasis on Collective Responsibility

Both leaders underlined the need for all stakeholders—including government bodies, civil society, the private sector, and global partners—to work together. They stressed that drug abuse is not just a law enforcement issue but a broader social challenge.

The prime minister and president also acknowledged the sacrifices of law enforcement personnel who lost their lives in the battle against narcotics. Their dedication, they said, reflects the nation’s resolve to rid itself of this menace.

As Pakistan faces this ongoing challenge, the leadership urged citizens to stand united in pursuit of a safer, healthier society. Through education, enforcement, and cooperation, the vision of a drug-free Pakistan remains firmly in focus.

PPP Raises Red Flags Over Budget 2025 Ahead of Key Vote

ISLAMABAD – The Pakistan Peoples Party (PPP) on Wednesday voiced serious concerns over politically sensitive clauses in the federal budget for the upcoming fiscal year, pushing the government to amend them before the Finance Bill 2025 goes to a vote in the National Assembly today (Thursday).

PPP MNA and former finance minister Naveed Qamar met Finance Minister Muhammad Aurangzeb in a bid to build consensus on the bill’s most contentious provisions. Qamar, who now chairs the National Assembly Standing Committee on Finance and Revenue, warned that the party remains uneasy with several measures — particularly expanded arrest powers granted to the Federal Board of Revenue (FBR).

Tensions have grown within the ruling coalition ahead of the vote, prompting Prime Minister Shehbaz Sharif to hold back-to-back meetings with lawmakers to secure attendance and ensure support. A source in the PM Secretariat revealed that Sharif has met five to six MNAs daily since the budget was tabled.

“These short meetings help address concerns directly and build loyalty before the vote,” the source said.

Read: Pakistan Cracks RAW Spy Network in Punjab and Sindh

FBR Arrest Powers and Property Clauses Remain Flashpoints

The most controversial proposal involves the FBR’s authority to arrest individuals for suspected tax fraud. The PPP opposes this clause, citing fears of misuse and political victimization. Qamar confirmed discussions with the PML-N are ongoing to amend the language before the final vote.

Another unpopular measure links the purchase of property and vehicles to the buyer’s declared income. While the government has adjusted thresholds, the PPP believes it could harm the real estate sector. The third contentious item deals with utility disconnection for unregistered businesses, which has now been softened in the revised draft.

A cabinet meeting today is expected to approve the updated Finance Bill, which reportedly incorporates nearly half the Standing Committee’s recommendations — a first in Pakistan’s legislative history.

Standing Committee Asserts Greater Parliamentary Role

This year marks a turning point in budget oversight. For the first time, the National Assembly Standing Committee on Finance — led by a coalition partner, not the ruling party — conducted a clause-by-clause review of the bill. Qamar described the shift as a “landmark achievement.”

He credited a 2024 amendment to Rule 122 of the Rules of Procedure, which made it mandatory for the Finance Bill to be reviewed by the finance committee. Unlike the Senate’s non-binding suggestions, the National Assembly’s recommendations are binding.

Qamar emphasized that this process moves budget-making power from bureaucrats to elected representatives. “This is no longer a rubber-stamp process,” he said. “Parliament is now shaping policy at the micro level.”

Aid Distribution Sites Become Deadly Zones for Gaza Children, Says Save the Children

GAZA – Children have been killed or injured in more than half of the Israeli attacks on aid distribution sites in Gaza, turning what should be a lifeline into a nightmare, Save the Children reported on Thursday. The findings come just four weeks after the US-and-Israeli-backed Gaza Humanitarian Foundation (GHF) began operations.

The organization documented 19 deadly incidents at or near food distribution points. In at least 10 of these, children were among the casualties. The report paints a grim picture of Gaza’s worsening humanitarian crisis, where survival often comes at the cost of human life — especially for the youngest.

“Some families in Gaza are so desperate — in some cases due to a lack of a healthy adult — that they are sending children to collect food,” Save the Children said. “This exposes them to the very real risk of being shot by Israeli forces.”

Aid Efforts Turn into ‘Death Sentence’

Since May 27, Israeli forces have killed over 500 Palestinians and injured more than 3,000 while they were trying to access aid, according to data from the UN’s Office of the High Commissioner for Human Rights (OHCHR). Victims were either at GHF distribution sites, en route to receive food, or approaching one of the rare UN or NGO aid convoys.

Save the Children staff on the ground say they’ve witnessed these killings firsthand. The chaos has left thousands too afraid to even try to access aid. Ahmad Alhendawi, the organization’s regional director, described the situation as a “dystopian horror show.”

“No one wants to get aid from these distribution points — and who can blame them? It’s a death sentence,” said Alhendawi. “One colleague told us that even though his family is down to one meal a day, he won’t go to a GHF distribution because he believes his life is worth more than a bag of flour.”

Children Paying the Ultimate Price

For many families in Gaza, food collection has become a high-risk mission. With parents killed, injured, or too weak to make the journey, children are now being sent in their place — walking into deadly zones where Israeli forces have repeatedly opened fire.

“These children are not soldiers. They are not threats. They are just hungry and trying to survive,” said Alhendawi. “And yet, they’re being killed for it.”

Save the Children has called on the international community to immediately investigate the targeting of civilians at aid sites. Humanitarian organizations warn that continued attacks on distribution points not only violate international law but also push Gaza further toward famine.

France Confirms Intercepting Iranian Drones Targeting Israel Before Ceasefire

PARIS – France’s Defence Minister Sébastien Lecornu confirmed on Wednesday that the French military intercepted several Iranian drones aimed at Israel in the days leading up to the recently declared ceasefire. Speaking during a parliamentary debate on the Middle East crisis, Lecornu said the French army actively participated in efforts to prevent further escalation.

“I can confirm that the French army intercepted less than 10 drones in the last few days during the different military operations conducted by the Islamic Republic of Iran against Israel,” he stated. The interceptions were carried out using both ground-to-air defense systems and Rafale fighter jets.

Lecornu’s remarks mark one of the few public acknowledgments of France’s direct involvement in the defense of Israeli airspace during the intense 12-day conflict between Iran and Israel. The statement also reinforces France’s position as an active security partner in the region during critical moments of heightened tension.

Read: UN Warns Israeli Law Enabling Forcible Transfer of Palestinians Is a War Crime

Iran Fired 1,000 Drones, 400 Missiles at Israel

According to the French defense minister, Iran launched around 400 ballistic missiles and approximately 1,000 drones toward Israeli territory during the conflict. These figures underline the scale of the offensive and the potential damage averted through coordinated international defense efforts.

While most of the drones and missiles were intercepted by Israel’s Iron Dome and its allies, France’s contribution adds to the multi-nation response that reportedly included the United States, the United Kingdom, and Jordan.

The 12-day conflict, which triggered fears of a broader regional war, came to an end earlier this week after intense diplomatic pressure from Washington and other global powers. The ceasefire has held so far, but tensions in the region remain high.

Climate Change Triggers GLOF Alert, Flash Flooding in Gilgit-Baltistan

GILGIT – The National Disaster Management Authority’s (NDMA) National Emergencies Operation Centre (NEOC) issued a Glacial Lake Outburst Flood (GLOF) alert on Wednesday for Gilgit-Baltistan and other northern areas, citing an alarming mix of persistent heatwaves, intensified monsoon currents, and a prevailing westerly wave. The situation, experts say, is a direct outcome of accelerating climate change.

On the same day, a melting glacier triggered a sudden flash flood in the Burundubar stream, which flows into Attabad Lake — a major tourist hotspot. According to Rescue 1122, the floodwater surged into the premises of the Luxus hotel, where a large number of local and foreign tourists were staying. The incident cut off land access and created panic among those trapped.

More than 160 tourists and hotel staff were successfully evacuated by boat. The flood also damaged surrounding trees, land, and property, adding to the devastation. The event served as yet another grim reminder of how climate change is now disrupting tourism and endangering lives in Pakistan’s northern regions.

Rising Temperatures Cause Widespread Destruction

Elsewhere in Gilgit-Baltistan, rising temperatures caused flooding in Barga Nallah, Skardu. According to police reports, the floodwater entered homes and damaged crops, triggering widespread destruction in the area. Residents faced significant losses, and recovery efforts are still underway.

Environmental Protection Agency (GBEPA) Director Khadim Hussain confirmed that the frequency and severity of glacier melt disasters have sharply increased in recent years. He directly linked this dangerous trend to global climate change and region-specific factors.

“In the past, snowfall arrived in November or December and gradually turned into ice. Now it comes in February or March, and due to heatwaves, it melts rapidly instead of forming glaciers. This rapid melt leads to flash floods,” he explained.

Mr Hussain added that deforestation, unregulated construction, population growth, and increased tourism pressure have worsened the situation. These localised human activities are compounding the effects of global climate change and making the region more vulnerable to natural disasters.

Climate Change Poses National Threat

An environmental expert warned that Gilgit-Baltistan’s challenges are not isolated. “This isn’t just a GB issue — it affects the entire country. Gilgit-Baltistan glaciers produce 80% of Pakistan’s agricultural water,” he said.

The expert also pointed out the lack of preparedness and awareness on the part of the local government. “People living downstream near rivers and glaciers don’t even have time to react when floods come. There’s been very little effort to reduce these risks or educate the population.”

Despite the clear and growing threat, the Gilgit-Baltistan government has been slow to prioritize climate change mitigation or implement proper safety measures. With glacier melting disasters becoming more frequent, experts are urging urgent action at both provincial and federal levels.

Israeli Strikes Kill 20 Palestinians Across Gaza

GAZA – At least 20 Palestinians were killed early Thursday morning in a series of Israeli airstrikes across the Gaza Strip, according to hospital sources. The attacks targeted multiple areas, including schools, aid points, and residential neighborhoods, as Israeli forces continue their months-long military campaign.

In one of the deadliest incidents, an Israeli airstrike hit a school sheltering displaced families in the Sheikh Radwan neighborhood of Gaza City. Medical staff confirmed that at least nine people lost their lives in the blast. The school had been hosting dozens of families who had fled from earlier bombardments.

Footage from the scene showed widespread destruction, with classrooms reduced to rubble and survivors frantically searching for loved ones beneath the debris. Local journalists and aid workers condemned the targeting of a known civilian shelter.

Read: Ben-Gvir Demands Total Halt to Humanitarian Aid for Gaza

Aid Seekers Among the Dead

In a separate attack, Israeli strikes killed three people waiting near an aid distribution point elsewhere in northern Gaza. Witnesses reported that the victims had been queuing for food when the airstrike hit. “They were just trying to get bread and water,” said one resident. “Now they’re gone.”

The remaining casualties were reported across central and southern Gaza, as explosions rocked multiple areas during the morning hours. Dozens more were injured, and hospitals — already struggling with shortages — are overwhelmed once again.

The attacks come as international pressure mounts over the worsening humanitarian crisis in Gaza. Human rights groups continue to urge a ceasefire, while Israel maintains that its operations target Hamas infrastructure. However, the rising civilian toll has sparked outrage and renewed calls for accountability.