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  • Currency Exchange Rates in Pakistan Today – 5 July 2025

    Currency Exchange Rates in Pakistan Today – 5 July 2025

    KARACHI – Pakistani rupee has witnessed slight changes against various foreign currencies in open market as the buying and selling prices of Euro, Saudi Riyal and UK Pound witnessed slight changes.

    On July 4, US Dollar’s buying rate stood at Rs285.5, while selling rate hovered at Rs286.6 after slight changes, according to forex.pk

    Euro’s (EUR) buying rate stood at Rs333.6 and the selling rate at Rs338.4 while UK Pound buying rates settled at Rs388.6 and selling Rs391.1.

    Several currencies, including the Australian Dollar (AUD), Canadian Dollar (CAD), Chinese Yuan (CNY), Danish Krone (DKK), Japanese Yen (JPY), Kuwaiti Dinar (KWD), Malaysian Ringgit (MYR), New Zealand Dollar (NZD), and Swiss Franc (CHF), showed no change in their rates compared to the previous update.

    Currency Exchange Rates Today

    Currency Symbol Buying (Rs) Selling (Rs)
    US Dollar USD 285.5 286.6
    Euro EUR 333.4 338.4
    UK Pound Sterling GBP 388.6 391.1
    Australian Dollar AUD 186.1 190.1
    Bahrain Dinar BHD 755.05 764.05
    Canadian Dollar CAD 208.6 213.6
    China Yuan CNY 39.22 39.62
    Danish Krone DKK 44.47 44.87
    Hong Kong Dollar HKD 35.76 36.11
    Indian Rupee INR 3.22 3.31
    Japanese Yen JPY 1.96 2.06
    Kuwaiti Dinar KWD 922.4 932.4
    Malaysian Ringgit MYR 66.87 67.15
    New Zealand Dollar NZD 170.85 172.85
    Norwegian Krone NOK 27.81 28.11
    Omani Riyal OMR 739.9 748.9
    Qatari Riyal QAR 77.37 78.07
    Saudi Riyal SAR 76.2 76.55
    Singapore Dollar SGD 221.85 226.85
    Swedish Korona SEK 26.71 27.01
    Swiss Franc CHF 350.74 353.49
    Thai Baht THB 8.58 8.73
    UAE Dirham AED 77.85 78.15

     

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  • Donors for power tariff cut sought

    Donors for power tariff cut sought

    Listen to article


    ISLAMABAD:

    The government on Friday pitched a new package before foreign donors for up to Rs10.5 per unit reduction in prices on additional use of electricity by industrial and agricultural sector consumers to boost demand, which had dipped by one-fifth due to unaffordable prices.

    The Minister for Power, Sardar Awais Laghari, shared the broader contours of the Industrial Support Package (2026-28) with over a dozen representatives of international development organisations to seek their diplomatic support to reduce prices.

    The package appeared to be gaining traction with lenders, but their observations centred on the sustainability of the increase in demand and the viability of the national grid electricity. They raised concerns about relying solely on price signals to boost dwindling electricity demand instead of implementing comprehensive reforms in the energy sector, which include ensuring the reliability of the national grid power.

    The response of the power minister was awaited until the time of filing this story.

    Government officials stated that the Power Division had informed foreign donors it wanted to introduce a support package for a period of three years (2026-28) and was counting on their support. Among the participants were the World Bank, the Asian Development Bank (ADB), and other regional and international development organisations.

    According to the proposal, the government wants to reduce the current average electricity price of Rs33.5 per unit by Rs10.5, but only on the incremental use of electricity. It has proposed that industrial connection rates will be set at Rs22.98 per unit. For the agricultural sector, the rate will be the same, but the benefits will be Rs7.77 per unit due to the current Rs30.75 per unit price.

    Foreign diplomats were informed that the price reduction would only apply to additional electricity use compared to consumption from December 2023 to November 2024. In cases where no reference consumption is available, the higher consumption of the relevant month or the sanctioned load will be used for comparison.

    The government claimed that the new package would be a subsidy and cost-neutral, and should neutralise any opposition from the International Monetary Fund (IMF) this time. The IMF had rejected a similar package last year due to its implications for other consumers.

    According to the proposal, the Rs3.23 per unit debt servicing surcharge and the quarterly tariff adjustment will not apply to the industrial support package. However, this exclusion could hurt residential consumers, whose debt servicing surcharge may increase further to raise sufficient funds to retire the Rs1.2 trillion debt acquired from banks to address circular debt.

    A government functionary noted an element of discrimination, as large numbers of consumers in Sindh might shift to the national grid due to high gas prices, making them eligible for incremental benefits compared to Punjab-based industries that already rely heavily on the national grid.

    Due to unaffordability, industrial consumers are increasingly moving away from the national electricity grid. Industrial electricity demand dropped by 20% over the past two years. Consequently, the number of net-metered industrial consumers surged to nearly 6,900 in fiscal year 2024, compared to just 1,570 in 2022. Electricity tariffs for industrial consumers in Pakistan are among the highest in the region. Compared to about US16 cents per unit locally, electricity costs US9 cents in India and US10 cents in Bangladesh, Pakistan’s two biggest competitors in global markets.

    However, concerns remain about the sustainability of the package and whether such price reductions can be beneficial without addressing the underlying issues in the power sector. Foreign diplomats were briefed on reforms the government is undertaking. One participant told The Express Tribune that, upon inquiry, it appeared all such initiatives were falling behind extended deadlines. The competitive market is not yet operational, and the government told participants it may become operational in September. Disputes over wheeling charges persist, and the revised Integrated Generation Capacity Expansion Plan is also facing delays. The privatisation of power distribution companies has not been accelerated, and the government remains unwilling to end the uniform electricity price policy, which penalises Punjab-based consumers for theft in other provinces.

    A major lender inquired about the excess generation capacity claim, questioning whether the system can generate power equal to the installed capacity and if the transmission system can handle the full load.

    Sources said there were also concerns about the viability of increased demand once the package ends. Evidence from similar industrial support packages in the past showed that demand spikes were typically modest and did not result in sustained grid dependence.

    Sources added that potential risks exist that the actual costs of this package might exceed the proposed marginal rate, particularly during the summer season.

    One major view was that any effort to restore industrial demand through a support package should be made under a broader framework that balances both price and non-price elements. Implementation risks, grid reliability, and service quality remain critical blind spots that could limit the package’s success.

    Donors advised the government to restore industrial demand on the grid through a combination of reliable service delivery and sector-wide planning, rather than relying on reactive short-term measures.

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  • Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for August; focus to likely shift from price stability to market share

    Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for August; focus to likely shift from price stability to market share

    Saudi Arabia, Russia and six other major oil producers from the OPEC+ alliance will meet on Saturday to decide their crude output strategy for August, with analysts expecting the bloc to approve another production hike of 411,000 barrels per day (bpd), mirroring decisions made for May, June and July. The meeting will be held virtually and will include representatives from Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman, according to news agency AFP.The so-called “Voluntary Eight” (V8) group within OPEC+ had earlier stunned markets by reversing course from prolonged supply cuts and opting to raise production sharply from May onwards. This shift has pulled down oil prices to a narrow band of $65–$70 per barrel, far below the highs seen earlier during Middle East tensions.Analysts cited by AFP say that the alliance appears increasingly focused on reclaiming market share over price stability. “The group has placed an increased focus on regaining market shares over price stability,” said Saxo Bank analyst Ole Hansen, highlighting the competitive pressure from rising supply elsewhere, including the United States.Despite the scheduled hike, actual supply additions could fall short. As per AFP, Rystad Energy’s Jorge Leon said that the real increase might be only 250,000–300,000 bpd, much like May’s 200,000 bpd gain, despite doubled quotas. This shortfall is partly due to non-compliance by countries like Kazakhstan and Iraq, whose production exceeded agreed limits. UBS analyst Giovanni Staunovo added that such inconsistencies may be pushing leading producers like Saudi Arabia to tighten enforcement via output-driven price pressure.While market watchers are bracing for the expected rise, there is little anticipation of price shocks, especially as geopolitical concerns have eased. A recent 12-day conflict between Iran and Israel, which had temporarily pushed prices over $80, didn’t cause supply disruptions. “Given there were no supply disruptions so far, the war is unlikely to impact the decision,” Staunovo said, as cited by AFP. Hansen echoed that the conflict could even justify faster production increases if Iran’s exports face future hurdles.According to news agency Reuters, earlier, some OPEC+ insiders believed that the group could consider a hike larger than 411,000 bpd. But consensus still leans toward a continuation of the current pace, especially as Brent futures hovered around $68.30 per barrel and WTI near $66.50 in holiday-thinned trade ahead of the meeting.Analysts such as Tamas Varga of PVM warned that additional output, if sustained, may swell global oil inventories in the second half of the year. “Oil balance estimates will be reassessed and will suggest accelerated swelling in global oil reserves,” Varga said, as quoted by Reuters.The eight OPEC+ countries have already committed to raising production by 1.37 million bpd over four months, roughly 62% of the 2.2 million bpd they initially pledged to cut. With US nuclear talks with Iran possibly resuming and global economic policies shifting, the alliance’s strategy is under growing scrutiny.Still, Saturday’s meeting is not expected to trigger any major market volatility, as traders are largely in a “wait-and-see mode”, said Price Futures Group’s Phil Flynn, who cited upcoming US fiscal changes and lingering tariff uncertainty as additional variables, according to Reuters.


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  • Could Seed Oils Actually Be Healthy? Scientists Uncover Surprising Benefits of Omega-6 – SciTechDaily

    1. Could Seed Oils Actually Be Healthy? Scientists Uncover Surprising Benefits of Omega-6  SciTechDaily
    2. Heart disease: Omega-3 and omega-6 fatty acids linked to inflammatory  Medical News Today
    3. Concern as researchers link ‘healthy’ snacks to raised risk of a sudden heart attack  Daily Mail
    4. Study finds no link between omega 6 and increased inflammation  News-Medical
    5. Omega-3 fatty acids linked to increased inflammation markers  MSN

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  • Windows 11 has finally overtaken Windows 10 in worldwide market share after nearly four years

    Windows 11 has finally overtaken Windows 10 in worldwide market share after nearly four years

    Summary

    • Windows 11 has replaced Windows 10 as the most popular Microsoft operating system worldwide.
    • Windows 10’s decline is attributed to its end-of-life date approaching this October.
    • Data collection challenges make it uncertain how many users upgraded to Windows 11, but many made the switch.

    Well, it was a long time coming. Microsoft had really struggled with getting people to switch over to Windows 11, and for a long time, Windows 10 won out as the most popular operating system worldwide. A few days ago, we spotted that Windows 10 was on the verge of losing its top worldwide spot to Windows 11, and if its downward trend continued even a little bit, it would fall to number two.

    It turns out that the trend did, in fact, continue. Now, Windows 10 has been dethroned by Windows 11, having held on for almost four years since the newer operating system’s release. As such, it seems that Microsoft has finally gotten its way and encouraged enough people to switch over to Windows 11.

    Related

    Microsoft is trying to convince Windows 10 users that TPM 2.0 is worth the upgrade

    The Redmond giant would prefer that you use Windows 11 already.

    Windows 11 has finally become the most-used Microsoft operating system in the world

    Windows 11 overtakes Windows 10

    Image Credit: StatCounter

    As reported by StatCounter, the worldwide statistics show that Windows 11 has finally beaten Windows 10 to become the top Microsoft operating system. It comes after a few countries, like the US and the UK, finally relinquished their Windows 10 PCs and allowed Windows 11 to take the forefront.

    If you take a peek at the chart above, you’ll see that Windows 10 remained steady over the last few months; in fact, it even gained users at times. However, Windows 10’s share has plummeted recently, presumably because its end-of-life date is rapidly approaching this October. It’ll also be Windows 11’s fourth birthday that month.

    Because Statcounter collects its data in a particular way, it’s challenging to determine how many of the new wave of Windows 11 adopters arrived by purchasing a new PC or by being forced to upgrade to Windows 11 on their existing Windows 10 PC using tools like Rufus or Flyby11. Regardless of which method people picked, it’s still surprising to see people make the switch, especially given how Microsoft gave people a few free ways to extend their Windows 10 security support.

    If you’re curious about how Windows fares versus other operating systems, StatCounter has that logged, too. As per its most recent report, Windows collectively takes the top spot at 70.14%, while OS X is at 9.87%. Both Linux and macOS sit around the 5% mark.

    Have you made the jump over to Windows 11 in the last month or two? If so, you may want to check out the first 10 things to do with your new Windows 11 PC to get yourself properly situated. Just don’t think that Windows 11 is 2.3x faster than Windows 10 by default, despite what you think Microsoft told you.

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  • Gene swap in mice reveals clues to speech origins

    Gene swap in mice reveals clues to speech origins

    The discovery sheds light on how a small genetic variation may have helped Homo sapiens develop complex language abilities.

    The research centers on the NOVA1 gene, which plays a crucial role in brain development and is present in many animals. However, a specific version of this gene, found only in humans, appears to regulate vocalization-related genes in unique ways. By introducing this human-specific NOVA1 gene into mice, scientists observed changes in the mice’s communication patterns – particularly in how infant mice called to their mothers.

    “We thought, wow. We did not expect that. It was one of those really surprising moments in science,” said Professor Robert Darnell, lead researcher at Rockefeller University.

    Mice with the humanized NOVA1 gene emitted higher-pitched squeaks and produced a different mix of vocal “letters” compared to ordinary mice. In their natural state, baby mice produce ultrasonic squeaks categorized by scientists into four basic types – S, D, U, and M. However, in the modified mice, some of these elements changed entirely, suggesting that the human gene directly impacted vocal behavior.

    As the mice grew, the differences became even more evident, particularly in male mice during mating calls, which were more varied and pronounced. According to the researchers, these vocal changes indicate that the human NOVA1 gene may have helped shape early language development by influencing how sounds are formed and perceived.

    Importantly, this specific variant of the NOVA1 gene is not found in Neanderthals or Denisovans – ancient human relatives. The researchers noted that the human version causes an amino acid change known as I197V, which may have provided Homo sapiens with a distinct evolutionary edge in communication.

    “This genetic change might have been crucial in allowing Homo sapiens to develop sophisticated communication skills, distinguishing them from other species,” said Darnell. “It raises the possibility that advanced communication gave our ancestors an advantage in survival and adaptation.”

    The study not only broadens scientific understanding of the genetic foundations of language but also opens potential avenues for medical research, particularly in neurological development and speech disorders.

    Earlier, scientists from Shanghai Jiao Tong University successfully created mice using genetic material from two male parents. For the first time, these mice developed into healthy, fertile adults capable of producing offspring, marking a significant milestone in reproductive and genetic research.

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  • 138 Palestinians martyred in latest Israeli attacks on Gaza – RADIO PAKISTAN

    1. 138 Palestinians martyred in latest Israeli attacks on Gaza  RADIO PAKISTAN
    2. LIVE: Israel kills 56 Palestinians in Gaza, at least 9 of them aid seekers  Al Jazeera
    3. UN human rights office reports 613 killings near Gaza humanitarian convoys  Ptv.com.pk
    4. Death toll in Gaza rises to 42  Dawn
    5. At least 29 Palestinians killed by Israeli strikes on Gaza since dawn  The Express Tribune

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  • Behind Golden Globes’ New Turmoil and Unresolved Issues

    Behind Golden Globes’ New Turmoil and Unresolved Issues

    What is the Hollywood Foreign Press Association without the Golden Globes? We may soon find out.

    For 80 years, dozens of Los Angeles-based print and photo journalists for non-American publications comprised and ran the HFPA, a nonprofit best known for its annual awards ceremony. But in 2023, the HFPA — having faced widespread criticism for its ethics, financial practices and lack of diversity since a 2021 Los Angeles Times exposé, which resulted in the loss of the TV broadcasting deal that provided the organization with most of its revenue — sold the Globes to Dick Clark Productions (which shares a parent company, PMC, with The Hollywood Reporter) and Eldridge (a holding company owned by Todd Boehly).

    The deal, which was approved by a majority of the HFPA’s roughly 90 members, dictated that the HFPA would be dissolved and its members, many of whom had collected salaries from the HFPA (totaling $5.2 million in the fiscal year ending in June 2023, per an IRS filing), would become employees of a new for-profit Golden Globes organization (and would be paid either $250,000 up-front or $75,000 per year for five years). Helen Hoehne, who had been the president of the HFPA, would become president of the Golden Globes organization. And, as part of an effort to increase the diversity of the voting body, hundreds of other journalists from all around the world would be invited to become unpaid members.

    Over the two years since that deal was finalized — during which the Golden Globes organization has implemented bylaws and policies that have helped to regain the industry’s confidence and landed its awards ceremony back on network TV — the number of former HFPA members within the organization, or “legacy voters,” has decreased to about 60, mostly as a result of expulsions and terminations for cause (e.g. former HFPA president Philip Berk) and deaths (e.g. longtime HFPA member Judy Solomon).

    Meanwhile, those remaining legacy voters have become increasingly unhappy, particularly since Hoehne informed them earlier this year that the Golden Globes organization would be discontinuing the $75,000-per-year payments out of concern that they “could add to a perception of bias in voting.” Legacy voters were offered a severance of $102,500 — which, a spokesperson for the Globes organization later said, fulfilled its contractual obligation to them — and were invited to reapply for Globes membership moving forward.

    In recent weeks, as was first reported by The Ankler, the remaining legacy voters began taking steps to reconstitute the HFPA, angered by DCP and Eldridge’s decision to terminate their compensation, as well as DCP and Eldridge’s failure to honor other assurances that they say they were provided related to travel allowances, seats at the award ceremony and lifetime voting privileges.

    The legacy members who had served on the HFPA’s board congregated in late May and passed a vote to hire a new attorney, Reynolds Cafferata; to halt the process of shutting down the HFPA in order to give them time to review the original deal; and to reinstate the legacy voters as HFPA members. They subsequently called on the office of California’s Attorney General Rob Bonta, which oversees nonprofits and charities and has yet to provide final signoff on the 2023 deal, to refrain from doing so.

    Then, last Monday, almost all of the legacy voters gathered for further discussion. After considerable venting about their predicament, they decided to take a vote on ousting Hoehne — who was one of their own, but who they now regard with suspicion — from the reconstituted HFPA’s board. As TheWrap first reported, that measure passed on Thursday. (Hoehne remains president of the Golden Globes organization.)

    Not everyone associated with the legacy voters supports their current efforts. Jeff Harris and Dr. Joanna Dodd Massey, two of the three non-members who the HFPA appointed to its board in 2021 as part of an effort to reform itself in the wake of the Times exposé, and who negotiated the HFPA’s sale on behalf of its members, resigned from the board this week. Massey, in a letter obtained by THR, wrote to the board, “We approved and executed a binding legal agreement to sell the Golden Globes and dissolve the HFPA — an action I believe the membership supported in order to preserve the Golden Globes and continue their admirable charitable work. That decision reflected a difficult but undeniable reality: the Hollywood community made clear it would not support the Globes as long as the HFPA members remained involved. The transaction was conducted with full transparency and due process, as all of the paperwork, notes/recordings and emails demonstrate.”

    Massey continued, “The current effort to reverse it — by questioning the deal, reviving the HFPA, and reinstating memberships — is, in my view, fundamentally flawed and legally without merit. I had hoped to remain on the board to support a good-faith examination of the facts. However, based on what I’ve been told about [Monday’s] meeting, it is clear that exploration is not the goal and reversing the deal is.” She added, “In my experience as an Independent Director on several public and private company boards, the actions now being taken by the board represent a clear breach of fiduciary duty.”

    The question now is whether or not ownership of the Golden Globes awards ceremony is actually in question.

    The office of California’s Attorney General wrote to DCP and Eldridge attorneys in a May 17, 2023 missive obtained by THR: “The Attorney General has no authority to review and therefore takes no position on Hollywood Foreign Press Association’s proposed transaction except with respect to the assets subject to a charitable trust (5% of the net profits of the Golden Globe Awards).” In other words, the only aspect of the 2023 deal that even required or requires approval by the State is the transfer of the HFPA’s charitable trust, now known as the Golden Globe Foundation. And according to numerous sources, the only reason that signoff hasn’t yet been provided is because individual legacy voters have been flooding the AG’s office with complaints, which has delayed the process.

    If the newly reconstituted HFPA were to convince the AG to not sign off on the deal, would that derail only the charitable trust component, or the entire pact? If the former, then again, the question is, what is the HFPA without the Golden Globes, which is what generated the funds for its charitable trust prior to the deal? If the latter, then would the Golden Globes — the next edition of which has already been set to air on CBS and stream on Paramount+ on Sunday, Jan. 11, 2026 — once again be boycotted by the industry? And would legacy voters also have to return the compensation that they have received over the last two years from DCP and Eldridge?

    We may never find out the answers to these questions, some are speculating, because if a financial settlement can be reached to make the HFPA’s legacy voters drop any and all grievances that they have with the Golden Globes organization, then the office of California’s Attorney General would not have any reason to intervene.

    DCP and Eldridge representatives declined comment. Cafferata and the office of California’s AG did not immediately respond to comment.

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  • Hormone therapy’s new dual role? Managing menopause and potential Alzheimer’s

    Hormone therapy’s new dual role? Managing menopause and potential Alzheimer’s

    Hormone replacement therapy (HRT) has been a cornerstone in managing menopause related symptoms. Over the last few years, there is some research on  it’s potential in reducing the risk or even delaying the onset of Alzheimer’s disease. Estrogen plays a vital role in brain function. It supports memory, cognition, and even mood regulation. As women approach menopause, the natural decline in estrogen may accelerate brain aging, possibly increasing vulnerability to neurodegenerative conditions like Alzheimer’s. This has had researchers wonder whether HRT can be used to preserve cognitive function.

    There have been a few research papers which have suggested that early initiation of HRT can possibly reduce risk of Alzheimer’s. They suggest that there is a window period, that is within 10 years of menopause, where HRT if started can reduce the risk by reducing inflammation, promoting synaptic growth, and enhancing cerebral blood flow. 

    While HRT has its benefits, it needs to be understood that there are risks especially in patients with hormone receptor breast cancer. In such patients, non-hormonal medication or localised therapies like estrogen creams or rings maybe more beneficial.

    HRT treatment needs to be individualised. The correct selection of patient needs to be done and that can be done by your doctor. HRT can get both relief from menopausal symptoms and long-term cognitive benefits. In addition, sometimes a multi-disciplinary approach maybe required. It’s also essential to consider factors like:

     Family history of dementia

     Cardiovascular risk

     Type, dose, and delivery method of hormones (oral vs. transdermal)

     Age at initiation

    In today’s era of precision medicine, women deserve nuanced, evidence-based guidance—not fear or blanket restrictions. Hormone therapy can be a powerful ally, but only when used thoughtfully, and with awareness of both its promise and its limits.

    Dr. Rohan Palshetkar is consultant IVF specialist at Bloom IVF and Palshetkar Patil Nursing Home, Mumbai. 

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  • 9th of Muharram being observed today with solemnity – RADIO PAKISTAN

    1. 9th of Muharram being observed today with solemnity  RADIO PAKISTAN
    2. IG Rizvi reviews security measures for G-9 Muharram procession  Ptv.com.pk
    3. Sindh govt promises foolproof security for Muharram processions  Dawn
    4. Over 900 personnel to manage Ashura processions in Pindi  The Express Tribune
    5. Muharram security tightened; Karachi faces mobile, internet shutdown  Daily Times

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