Author: admin

  • Dreams of Another – Official Launch Date Announcement Trailer – MSN

    1. Dreams of Another – Official Launch Date Announcement Trailer  MSN
    2. PixelJunk Eden 2 is finally coming to PS5 and PC, alongside Dreams of Another  Video Games Chronicle
    3. Not One But Two New PixelJunk Games Are Coming to PlayStation This October  Push Square
    4. Dreams of Another – Official Gameplay Trailer | Upload VR Showcase 2025  MSN
    5. Dreams of Another – Official PS VR2 Gameplay Reveal Trailer  MSN

    Continue Reading

  • Trump says he thinks 5 jets were shot down in India-Pakistan hostilities – Reuters

    1. Trump says he thinks 5 jets were shot down in India-Pakistan hostilities  Reuters
    2. Trump says 5 jets were shot down in India-Pakistan conflict  Dawn
    3. Trump believes five fighter jets were shot down in India-Pakistan conflict  Al Jazeera
    4. Trump Estimates Five Jets Were Downed in India-Pakistan Conflict  Bloomberg.com
    5. Trump confirms downing of 5 Indian jets by Pakistan  Ptv.com.pk

    Continue Reading

  • Pir Taj Din Rashdi Archives – Daily Times

    Pir Taj Din Rashdi Archives – Daily Times

    1. Pir Taj Din Rashdi Archives  Daily Times
    2. Vaccine Administration: Before Giving Vaccine  Centers for Disease Control and Prevention | CDC (.gov)
    3. What Do You Want to Know About Vaccines?  The New York Times
    4. Trust in vaccines is crucial to our long-term survival  Newsday
    5. Dealing with vaccine hesitancy in the age of misinformation – lessons from Switzerland  SWI swissinfo.ch

    Continue Reading

  • Capitalism in the Age of AI

    Capitalism in the Age of AI

    In today’s fast-paced technological world, Artificial Intelligence (AI) is often hailed as one of the most groundbreaking innovations of our time. From automating routine tasks to making complex predictions and analysing vast datasets, AI is revolutionising industries and reshaping the way businesses operate. The promise of AI is undeniable: it will boost productivity, drive economic growth, and usher in a new era of innovation. However, amid all the excitement and optimism, a pressing question remains: who will truly gain the benefits of these advancements?

    While AI is often promoted as a force for good, creating new opportunities and enhancing efficiency, the reality is more complex. The technology’s development is largely driven by middle-class workers-engineers, researchers, data scientists, and other skilled professionals-who are the architects designing algorithms, improving machine learning models, and building the infrastructures that allow AI to function. Despite their indispensable role in its creation, these workers are often not the ones who benefit most from the technology’s widespread use. Instead, it is the capitalists-the wealthiest elites and large corporations with the financial means to invest in and control these technologies-who are poised to gain the most. By integrating AI into their businesses, they increase efficiency, reduce labour costs, and, in many cases, replace human workers with machines, maximising their profits.

    While AI was originally envisioned as a tool to assist humans by automating ordinary or dangerous tasks, allowing workers to focus on more complex and creative roles, this ideal has not fully materialised.

    This leads to a stark imbalance: the wealth generated by AI becomes concentrated among those who already have the resources to invest in the technology, intensifying the divide between the affluent capitalists and the working class. While AI was originally envisioned as a tool to assist humans by automating ordinary or dangerous tasks, allowing workers to focus on more complex and creative roles, this ideal has not fully materialised. Instead, AI is increasingly replacing human workers altogether.

    AI is driving job losses across nearly every sector. Industries such as manufacturing, customer service, transportation, education, and healthcare are experiencing a notable decline in human labour as tasks once performed by people are increasingly being automated. Jobs that once required human intervention, such as operating machinery, answering customer inquiries, or even driving vehicles, are now being taken over by AI systems. These systems are faster, more accurate, and less expensive to maintain than their human counterparts. As a result, workers in middle- and lower-income jobs face the growing threat of displacement, while businesses benefit from AI’s cost-effectiveness. The rapid advancements in automation, machine learning, and robotics are allowing machines to perform tasks once thought to require human involvement, potentially eliminating many human jobs, particularly in industries focused on cost-cutting and maximising efficiency.

    The introduction of AI into the workforce has serious implications for income inequality. As AI becomes more widely implemented, wealthier individuals and corporations, those who can afford to invest in AI, continue to accumulate wealth. Meanwhile, workers in lower- and middle-income jobs are left behind, facing job displacement and economic hardship. Capitalism, by its nature, tends to concentrate wealth in the hands of a few. In this context, AI becomes a powerful tool for capitalists to maximise profits while minimising reliance on human labour. The wealth generated by AI is increasingly concentrated among those who already have the financial resources to control it. At the same time, the majority of workers are left without the means to compete with AI’s efficiency, creating an even wider gap between the wealthy elite and the working class.

    Given the potential for AI to deepen existing inequalities, there is an urgent need for regulation. Without proper oversight, AI could further widen the wealth gap, displacing millions of workers and leaving them vulnerable to economic hardship. Governments must step in to ensure that AI’s benefits are distributed more equitably. One potential solution is the implementation of regulations that limit the extent to which corporations can replace human workers with AI. These regulations could help ensure that workers displaced by automation are provided with fair wages and social safety nets, allowing them to transition into new roles. Additionally, governments must invest in education and retraining programs to help workers develop the skills they need to thrive in an AI-driven economy. As AI technology continues to advance, workers must have access to the training they need to succeed in this new digital economy. If these investments are not made, the divide between the rich and the poor will continue to grow, leaving many workers behind in the digital age, as AI could ultimately replace human labour entirely, leading to widespread unemployment.

    The writer is a PhD (Media and Crime), Founder of CASRO (Crime Analytics and Security Research Organisation), and can be reached at dr.nasirkhan.jasak @gmail.com


    Continue Reading

  • The #1 Fruit to Eat to Help Lower Your Cholesterol

    The #1 Fruit to Eat to Help Lower Your Cholesterol

    • Apples are the No. 1 fruit to eat more of to help lower your cholesterol.
    • Apples contain soluble fiber, antioxidants and phytosterols.
    • Expert strategies for managing cholesterol include eating more fiber, exercising regularly and managing stress.

    I’d be rich if I had a dollar for every time someone asked me, “But isn’t fruit bad for you? It has so much sugar.” Nope! Don’t let anyone scare you—fruit is one of the healthiest foods you can bite into. It’s loaded with vitamins and minerals, plus fiber—a key nutrient the majority of Americans aren’t getting enough of. ,  

    And with about 11% of U.S. adults diagnosed with high cholesterol, adding more fruit to your diet is one simple way you can help your heart. If you’re looking to start with just one fruit to eat more of to help lower your cholesterol, we suggest apples. Below, we dive into all the science-backed reasons why apples are No. 1. 

    Why Apples Are the #1 Fruit

    1. They Are Packed with Soluble Fiber

    Did you know that there are over 7,500 apple varieties grown around the world? Apples remain one of the most popular fruits, and for good reason. One key factor that helps apples lower cholesterol is their soluble fiber content.  

    “Apples contain pectin, a type of soluble fiber that helps lower cholesterol by binding to cholesterol and bile acids in the digestive system, preventing their absorption and promoting their excretion,” says Michelle Routhenstein, M.S., RD, CDCES, CDN, a preventive cardiology dietitian.

    One medium apple with the skin on provides about 4 grams of dietary fiber, which is about 15% of your daily needs. , The soluble fiber in apples has been shown to help reduce LDL cholesterol, the so-called “bad” cholesterol. A small study found that participants with elevated cholesterol levels who ate two apples a day saw decreases in their total and LDL cholesterol levels after eight weeks.

    2. They Support a Healthy Gut 

    Our gut is connected to almost every system in the body, so maintaining good gut health is not only important for your digestive tract but also vital in supporting your heart. Certain foods, called prebiotics, help nourish your gut’s microbiome and can even aid in cholesterol management. “Pectin [the fiber found in apples] acts as a prebiotic, feeding the good bacteria in your gut, which can improve how your body handles cholesterol,” says Routhenstein. 

    While pectin supports the flourishing of your gut microbiome, the fibers also undergo fermentation once they reach your colon. This fermentation produces short-chain fatty acids.

    Syeda Farid, M.S., RDN, CSO, LDN, explains that SCFAs are compounds produced by health-promoting bacteria and can decrease cholesterol synthesis in the liver, ultimately helping to lower cholesterol levels.

    3. They Contain Antioxidants

    Apples are packed with polyphenols, which are bioactive compounds that act as antioxidants and have been linked to several health benefits. “Apples are a rich source of polyphenol antioxidants, at 110 milligrams per 100 grams,” says Staci Gulbin, M.S., M.Ed., RDN. (That’s about the amount in half a medium apple.) 

    Research shows that polyphenols support healthier cholesterol levels in several ways. They work as antioxidants and anti-inflammatory agents, lowering oxidative stress and helping prevent plaque buildup in artery walls, thus slowing development of atherosclerosis.

    Polyphenols also work as lipid regulators in the body. They can influence genes and enzymes to reduce fat production, block enzymes that make new lipids, and decrease cholesterol absorption. Lastly, they help increase HDL cholesterol, the good type of cholesterol.

    Finally, apples also are a good source of vitamin C, a powerful antioxidant. A study found that the vitamin C in apples not only inhibited LDL oxidation, but also lowered cholesterol levels, adds Farid.

    4. They Boast Phytosterols

    Phytosterols, or plant sterols, are a compound naturally found in plants including apples. “Apples contain a moderate amount of phytosterols at 12 to 18 milligrams per 100 grams, which can contribute to cholesterol reduction over time if eaten as part of a heart-healthy diet,” explains Gulbin.

    Phytosterols work by blocking cholesterol absorption in the body, helping to lower blood cholesterol levels. Studies have found that participants with high cholesterol who consumed diets containing phytosterols saw significant reductions in total cholesterol and LDL cholesterol.

    Meal Plan to Try

    30-Day No-Sugar, Low-Cholesterol Meal Plan for Beginners, Created by a Dietitian

    Strategies for Better Cholesterol

    There’s more to managing cholesterol than just eating apples—our experts share their top lifestyle strategies to support healthier cholesterol levels: 

    1. Load up on fiber-rich foods: Add a variety of rich sources of fiber—such as fruits, vegetables, whole grains, nuts, beans and lentils—to your plate. Research shows fiber-rich foods can help lower LDL cholesterol and reduce risk of heart disease, says Gulbin. To start bumping up your intake, she recommends adding 1 cup of veggies to dinner, eating a piece of fruit with lunch, and enjoying a snack of nuts midday. 
    2. Start exercising: If you aren’t regularly active, it’s time to start moving. “Physical activity boosts HDL levels, and HDL acts like a cleanup crew by carrying LDL cholesterol away from the arteries to the liver, where it can be processed and eliminated,” says Routhenstein. “Regular exercise also improves blood vessel function and reduces inflammation, further protecting heart health.” The goal is at least 150 minutes of moderate-intense aerobic exercise per week.
    3. Swap out saturated fats for unsaturated fats: You can lower your total cholesterol and triglyceride levels by replacing saturated fat sources like red meat and fried foods with unsaturated fat sources like olive oil, avocado, nuts, seeds and fatty fish like salmon, tuna and trout, says Gulbin. 

    4. Manage stress levels: Chronic stress can harm blood vessels and worsen cholesterol levels. “Stress hormones are directly linked to cholesterol production in the liver, having the ability to increase LDL levels and decrease HDL levels,” says Farid. So take a yoga class, meditate or do deep-breathing exercises to help lower stress levels. 

    Our Expert Take 

    Apples are the No. 1 fruit to eat more of to help lower your cholesterol. Apples contain soluble fiber, support gut healthand are rich in antioxidants and phytosterols—all of which can help improve your cholesterol levels when part of an overall healthy diet and lifestyle. Experts share additional strategies to help lower cholesterol levels: eat more fiber-rich foods, engage in regular exercise and manage your stress. Turns out an apple a day may truly help keep the doctor (or at least the cardiologist) away!

    Continue Reading

  • Players to watch: Joao Fonseca – US Open Tennis

    1. Players to watch: Joao Fonseca  US Open Tennis
    2. Ben Shelton climbing ATP Top 10 after Wimbledon quarterfinals appearance  Gators Wire
    3. Without dramas or showing off: Fonseca is progressing adequately  Punto de Break
    4. Fonseca, the first tennis player in 2006 to break into the top 50 best tennis players in the world  Punto de Break

    Continue Reading

  • Tiny sea creatures that resemble ‘swimming panda bear skeletons’

    Tiny sea creatures that resemble ‘swimming panda bear skeletons’

    Divers exploring coral outcrops near Kumejima Island in Japan thought they had found novelty props for an aquarium display. Instead, their cameras captured a tiny siphon‑pumping animal whose stark white stripes and dark eye‑like spots looked like a cartoon panda wearing a skeleton costume.

    The inch‑tall surprise soon went viral in diver forums, and what began as a curiosity post led researchers to a bona fide species never cataloged before.


    Study coauthor Naohiro Hasegawa of Hokkaido University arranged dives, collected specimens, and confirmed that the creature belonged to the genus Clavelina, yet was distinct enough for its own name.

    New Clavelina species

    Photos first appeared online in 2017, letting scientists inspect body shapes and color patterns without leaving their desks.

    Independent images posted by different dive operators also revealed that the animals occurred at several reef patches between 16 and 66 feet, giving a hint that the oddity was not a photo trick.

    Hasegawa’s team located colonies in 2022 and used gentle suction devices to move living clusters into chilled seawater dishes aboard their boat.

    Laboratory microscopy then mapped the arrangement of internal vessels, showing transverse white bars that create the “bones” illusion and four discrete black pigment patches on each zooid.

    Morphology and genetics

    Thanks to the clear photos and field data, the scientists could write a precise morphological description even before genetic work began.

    Their approach echoes a broader move toward passive citizen‑science, where researchers mine social media for reliable species observations instead of waiting for mailed specimens.

    A final round of underwater surveys returned measurements on abundance and depth range, ensuring that the panda‑masked animal’s ecological niche was documented alongside its anatomy.

    Those data are now archived with Japan’s National Museum of Nature and Science for easy access by future investigators.

    Clavelina ossipandae

    The new animal was christened Clavelina ossipandae, a nod to its bottle‑shaped body (Clavelina is Latin for “little bottle”) and its bone‑and‑panda palette.

    Each transparent zooid grows no longer than 0.8 inches, or about 20 millimeters, and sits free of its neighbors rather than sharing a common tunic, one of seven features that separate it from 44 known congeners.

    Live specimens show ten to fourteen double‑row gill stigmata and two muscular ribbons running from abdomen to endostyle, details that place the species within the tunicate lineage while ruling out close look‑alikes such as Clavina picta or Clavina moluccensis.

    “The white parts that look like bones are the blood vessels that run horizontally through the sea squirts’ gills,” explained Hasegawa.

    Another quirk involves the jet‑black endostyle, a mucus‑secreting groove used to trap food.

    Comparable grooves in other Clavelina members are pale, so the noir throat offers an easy field mark for photographers trying to separate the skeleton panda from less flashy relatives.

    Family ties and feeding

    Sea squirts are sessile members of the phylum Chordata, meaning their swimming larvae carry a notochord similar to the backbone we humans develop. Adults, however, cement themselves to rocks and switch to a pump‑and‑filter lifestyle.

    The skeleton panda follows the classic filter‑feeding routine, drawing seawater in through an oral siphon, passing it across a mesh of gill slits, and expelling it through an atrial siphon.

    Every hour, a zooid the size of a thumbnail can process volumes of water many times its own body capacity, quietly removing bacteria and microalgae that would otherwise cloud the lagoon.

    Because the colony sits in sunlit shallows, stray plankton is plentiful, and the animals rarely exceed snorkel depth. For coastal ecosystems, these compact filters act like living water purifiers, clarifying reef zones where corals and juvenile fish need light.

    Clavelina genes seal the verdict

    To double‑check that the panda mimic was not a color morph of an existing species, scientists sequenced 810 base pairs of the cytochrome c oxidase subunit I gene.

    Two individuals differed by ten nucleotides, a 1.26 percent divergence, yet translated into identical amino acids, a pattern typical of intraspecific variation.

    Phylogenetic analysis grouped the samples squarely inside the Clavelina clade, confirming that the combination of free zooids, panda mask, and gene signature warranted a fresh binomial.

    Collection data were deposited in Japan’s National Museum of Nature and Science, making the record available for future comparative work.

    Routine bar‑coding of new finds matters because many tunicates carry compounds of biomedical interest, including anti‑cancer metabolites.

    Even if C. ossipandae never yields a drug, accurate placement in the tree of life guides bioprospectors toward branches more likely to host useful chemistry.

    Bigger picture for these tiny creatures

    Diver photos once rejected as casual snapshots turned out to be first drafts of a taxonomic paper, highlighting how amateurs can accelerate discovery when scientists stay alert to online chatter.

    Mobile phone cameras now exceed the resolution of older lab instruments, so crisp images of soft‑bodied creatures travel the globe in seconds, creating virtual voucher collections.

    Citizen monitoring platforms such as the Reef Environmental Education Foundation now log more than 300,000 underwater surveys gathered by 18,000 volunteer divers, a reminder that hobbyists routinely cover real estate scientists rarely see.

    Their effort frees researchers to focus on analysis instead of boat time, accelerating species checklists worldwide.

    The find also underscores how much biodiversity hides in plain sight. Kumejima is a popular snorkel destination, yet a palm‑sized colony remained unnamed until someone noticed its Halloween stripes.

    Conservation planners use such surprises to argue for broad habitat protection, not just for charismatic megafauna but for sponge‑sized curiosities that stitch reef food webs together.

    “We don’t really know why the pattern is there,” admitted Hasegawa. The skeleton panda invites questions about evolution of color in non‑visual animals. Pigment may discourage predators or shield tissues from ultraviolet light, or it may simply be metabolic spillover with no clear purpose. 

    The study is published in Species Diversity.

    —–

    Like what you read? Subscribe to our newsletter for engaging articles, exclusive content, and the latest updates. 

    Check us out on EarthSnap, a free app brought to you by Eric Ralls and Earth.com.

    —–


    Continue Reading

  • Telenor ASA Earnings Call: Strong Nordic Growth Amidst Asian Challenges

    Telenor ASA Earnings Call: Strong Nordic Growth Amidst Asian Challenges

    Telenor ASA (ADR) ((TELNY)) has held its Q2 earnings call. Read on for the main highlights of the call.

    Elevate Your Investing Strategy:

    Telenor ASA’s recent earnings call showcased a strong performance, particularly in the Nordic region, with significant EBITDA growth. The sentiment was largely positive, driven by strategic initiatives and operational efficiencies, although challenges in Asia and increased CapEx expectations were noted. Overall, the positive highlights, especially in the Nordics, suggest a robust strategic position and a promising outlook for the company.

    Strong EBITDA Growth in the Nordics

    Telenor reported an impressive 12.5% EBITDA growth in the Nordics, with Norway leading the charge with a 16.1% increase. This growth, the highest in over a decade, was attributed to strategic initiatives and operational efficiencies, underscoring the company’s strong foothold in the region.

    Increased EPS

    The company saw a 33% increase in adjusted EPS for the quarter. This growth reflects the strong EBITDA performance and the positive contributions from associates and joint ventures, highlighting Telenor’s effective financial strategies.

    Positive Developments in Asia

    Despite facing a challenging environment, Telenor’s operations in Asia showed resilience. True Corp in Thailand reported a positive net profit, and Grameenphone in Bangladesh executed well, contributing positively to the overall results.

    Acquisition of GlobalConnect’s Consumer Fiber Business

    Telenor announced the acquisition of GlobalConnect’s consumer fiber business in Norway for NOK 6 billion. This strategic move increases their fiber market share from 22% to 29%, strengthening their position in the fiber market.

    Raised EBITDA Guidance

    Due to strong performance in the first half of the year, Telenor raised its EBITDA growth outlook for the Nordics to high single digits and for the group to mid-single digits, reflecting confidence in continued growth.

    Challenges in Asian Markets

    In Malaysia, CelcomDigi faces intense competition and pressure from the country’s 5G approach, which is affecting top-line growth. This presents a significant challenge for Telenor in maintaining its market position.

    Regulatory Delays in Pakistan

    Regulatory clearance for the sale of Telenor Pakistan to PTCL has been delayed, posing risks to 5G investments and digital development in the country, which could impact future growth prospects.

    Negative Cash Flow in Asia

    Telenor experienced a negative cash flow of NOK 0.2 billion in Asia, primarily due to dividends to non-controlling interests in Grameenphone and a disputed tax case collection in Pakistan, highlighting financial challenges in the region.

    Higher CapEx Expectations

    The company anticipates higher CapEx due to fiber investments in Finland and resilience investments in Norway. While these are strategic moves, they could potentially impact free cash flow, necessitating careful financial planning.

    Forward-Looking Guidance

    Looking ahead, Telenor maintains a positive outlook with strong results expected in the second quarter of 2025. The company has raised its EBITDA guidance for the Nordics and the group, while maintaining its top line, CapEx, and free cash flow outlook for the year. Strategic expansions, including significant fiber investments, are expected to drive future growth.

    In conclusion, Telenor ASA’s earnings call highlighted a strong performance, particularly in the Nordics, with significant EBITDA growth and strategic acquisitions. While challenges in Asia and increased CapEx expectations present some concerns, the company’s robust strategic position and positive outlook suggest promising future prospects.

    Disclaimer & DisclosureReport an Issue

    Continue Reading

  • The anti-ageing benefits of HRT, from collagen production to better brain and heart health

    The anti-ageing benefits of HRT, from collagen production to better brain and heart health

    Dr Sue Jamieson remembers when the famous Women’s Health Initiative (WHI) study on hormone replacement therapy, or HRT, was published.

    “I was in New Mexico on holiday and caught this on the news,” says Jamieson, a Hong Kong-based specialist in integrative and functional medicine.

    “I was so horrified that I might be endangering my patients’ health. I sent all those on hormones an email asking them to stop it.”

    The study, published more than 20 years ago, was hugely damning of HRT, suggesting it caused a 26 per cent increased risk of breast cancer, a 29 per cent increased risk of heart disease and a 41 per cent increased risk of stroke.
    Many doctors stopped prescribing it, women’s fears soared, and the US Food and Drug Administration added prominent warnings to hormone therapy products to highlight the increased risks of cardiovascular events such as heart attack, stroke and blood clots, as well as breast cancer.
    Sue Jamieson was among the first doctors in Hong Kong to prescribe HRT. Photo: Dr Sue Jamieson

    The study was found to be flawed. Based on research since, and the development of bioidentical hormones – which are chemically the same as natural hormones and safer than the older synthetic oestradiol (E2), which Jamieson describes as an “aggressive” form of oestrogen – attitudes towards HRT have evolved.

    Continue Reading

  • KE base tariff raised by Rs6.15 per unit

    KE base tariff raised by Rs6.15 per unit


    ISLAMABAD:

    In a bold assertion of its regulatory autonomy, Pakistan’s power watchdog has notified K-Electric’s long-delayed multi-year tariffs for supply, distribution, and transmission through 2030 — despite an unresolved review motion by the federal government.

    The power regulator has notified Rs6.15 per unit increase in base tariff for KE consumers. The government implements uniform across the country and government provides subsidy for KE consumers to implement uniform tariff.

    The National Electric Power Regulatory Authority (Nepra) moved ahead with the notification after determining that no legal bar existed to halt implementation. It invoked its enhanced powers under a 2021 legal amendment, which allows the regulator to issue tariff notifications directly — authority that previously rested with the federal government.

    The landmark move reflects pressure from international lenders, notably the IMF and the World Bank, to depoliticize tariff-setting and fast-track power sector reforms.

    “This situation could impair KE’s financial health and undermine power supply continuity, ultimately affecting consumers and the broader energy market,” Nepra warned in its statement.

    The newly notified average power supply tariff for KE stands at Rs 39.97 per kilowatt-hour for 2023-24, comprising Rs 31.96/kWh in power purchase cost, Rs 2.86 for transmission, Rs 3.31 for distribution, and Rs 2.28 as the supply margin. A prior year adjustment of minus Rs 0.44/kWh has also been included.

    Nepra estimated KE’s total revenue requirement for FY 2023-24 at Rs 606.9 billion, with Rs34.7 billion allocated for supply margin and Rs 36.2 billion set aside to cover recovery losses.

    Despite the formal tariff approval, KE’s finances remain under severe pressure. With bill recovery slipping to 91.5pc in FY 2023-24 and projected to fall to 90.5pc next year, the utility could face cumulative under-recoveries nearing Rs97 billion over two fiscal years. Nepra cautioned that KE’s permitted Rs21.6 billion return on distribution operations might be wiped out without government support or adjustments.

    Nepra simultaneously approved a distribution tariff of Rs 3.31/kWh and Rs 2.684/kWh specifically to support a Rs 43.4 billion investment plan over the seven-year Multi-Year Tariff period.

    The government had challenged K-Electric’s multi-year tariff (2024-30) approved by the power regulator last week, alleging the utility got an undue favour of Rs750 billion over the seven-year period at the cost of the national exchequer, power consumers across the country and taxpayers at large.

    In a statement, the power division had announced that the six tariff interventions allowed by Nepra to KE entailed a financial impact of Rs453bn spread over seven years.

    On top of that, the division added, a fuel cost impact higher than the national average for 2024-25 alone meant an additional cost of Rs41bn, which even if it remains flat would translate into Rs287bn in seven years.

    The division said the government position was to seek review of the Nepra determination to ensure fairness and uniformity, tariff must reflect actual costs and reasonable returns to protect consumers and there should be no extra allowance for inefficiency.

    Continue Reading