Author: newsdesk

  • Pak Suzuki’s auto and motorcycle plant to stay closed till July 19

    Pak Suzuki’s auto and motorcycle plant to stay closed till July 19

    Pak Suzuki Motor Company Ltd (PSMCL), Pakistan’s leading car manufacturer in terms of production and sales, has announced an extension of its plant shutdown due to an ongoing shortage of inventory. The decision was conveyed to the Pakistan Stock Exchange (PSX) through an official notice on Friday.

    In the notice, the automaker explained that the management had decided to prolong the closure of its motorcycle and automobile plant until July 19, 2023, citing the persistent inventory shortage. Previously, PSMCL had already suspended operations until July 15, 2023, and had also experienced a shutdown from May 2 to May 9 due to a scarcity of raw materials.

    It is important to note that the auto industry in Pakistan is facing multiple challenges, leading several automakers to announce temporary or partial closures in recent months, citing various reasons.

    In April, Pak Suzuki reported its highest quarterly loss to date, amounting to Rs12.9 billion in the first quarter of 2023. This decline in profitability was attributed to a decrease in sales and substantial finance costs. In comparison, the company had incurred a loss of Rs460.227 million during the same period the previous year.

    Earlier, Pak Suzuki had appealed to Prime Minister Shehbaz Sharif not to introduce additional duties and taxes in the upcoming 2023-24 budget. The company emphasised the economic uncertainties it was facing and the resulting struggles and losses.

  • Indian defence scientist arrested after ‘falling in love’ with Pakistani, sharing classified info: NDTV

    Indian defence scientist arrested after ‘falling in love’ with Pakistani, sharing classified info: NDTV

    Pradeep Kurulkar, a Defence Research and Development Organisation (DRDO) scientist from India, was arrested on May 3 after it was revealed he was chatting with a Pakistani using the alias ‘Zara Dasgupta’, NDTV has reported.

    Kurulkar, who was the Head of one of the labs in Pune, met Zara through WhatsApp where they had exchanged voice and video notes.

    Zara claimed to be a software engineer based in the UK, and befriended the scientist by sending him obscene texts and videos, while Kurulkar revealed classified information about top secret projects like the Brahmos Launcher, UCV, Agni Missile Launcher and other things.

    “Kurulkar, who was attracted to her, stored the classified and sensitive information of DRDO on his personal phone and then allegedly shared it with Zara,” the charge sheet said.

    The two remained in touch from June 2022 to December 2022.

    Chat records also show that Kurulkar shared his personal and office schedules and location with the spy, despite being strictly forbidden from doing so.

  • AI-enabled humanoid robots claim to lead the world better than humans

    AI-enabled humanoid robots claim to lead the world better than humans

    The United Nations’ AI for Good Global Summit held in Geneva on Friday witnessed the presence of highly advanced humanoid robots, alongside approximately 3,000 industry experts.

    The goal was to explore the potential of AI and leverage it to address pressing global challenges such as climate change, hunger, and social care.

    During the Summit a group of AI-enabled humanoid robots took the center stage.

    When asked about their potential as leaders, given the fallibility of humans in decision-making, Sophia, developed by Hanson Robotics, stated that, “Humanoid robots have the potential to lead with greater efficiency and effectiveness than human leaders.”

    It explained that being devoid of biases and emotions is a strength as it enables it to process extensive data swiftly for optimal decision-making.

    Sophia also highlighted the advantages of a collaboration between humans and AI.

    “A collaboration can create a powerful synergy. AI can provide unbiased data, while humans contribute emotional intelligence and creativity, leading to the best possible outcomes. Together, we can achieve remarkable things,” it said.

    When asked if the machines could ever lie, Ameca, an AI humanoid with a realistic artificial head, responded that, ” One can’t definitively answer that question. However, I can promise to always be honest and truthful with you.”

    The UN summit was organized by the International Telecommunication Union (ITU) as a platform for discussions on AI’s potential risks, such as widespread job displacement, social unrest, geopolitical instability, and economic inequality.

    Amidst the debate, the ITU chief also warned attendees about the scenarios unchecked AI advances could create.

  • Women and underage rioters won’t be tried in military courts

    Women and underage rioters won’t be tried in military courts

    The federal government has decided not to try women and underage suspects involved in the violent protests that sparked after the May 9 arrest of Pakistan Tehreek Insaf Chairman Imran Khan. Geo has reported
    Nationwide riots erupted on May 9 following the arrest of the PTI chairman in the £190 million Al-Qadir trust case, which left at least eight people dead and several injured, leading authorities to arrest thousands of PTI workers.

    During the protest, the protesters attacked civil and military installations, including the corps commander’s house (Jinnah House) in Lahore Cantt and General Headquarters (GHQ).

    Now, according to sources of Geo News, the cases of women and underage protesters who are involved in the attack on a military installation, will be tried in civil courts.

  • ‘His brain couldn’t take it all’: co-star’s reveal Oppenheimer’s Cillian Murphy was under immense pressure

    ‘His brain couldn’t take it all’: co-star’s reveal Oppenheimer’s Cillian Murphy was under immense pressure

    As July 21 draws closer and closer to the Barbie vs Oppenheimer showdown, press interviews from the cast and crew members of both films have given some interesting insights into how the gruelling the process of making a cinematic masterpiece, especially for Cillian Murphy.

    Female lead Emily Blunt revealed to People Magazine that Murphy sat out most of the cast dinners because of the immense pressure the role had placed on him.

    “We were all in the same hotel in the middle of the New Mexican desert. We only had each other. Me and Matt [Damon] were roommates and we were like, ‘Let’s go to have dinner.’”

    “Murphy did not attend because the sheer volume of what he had to take on and shoulder is so monumental,” Blunt said.

    Matt Damon added that the pressure to carry the film was placed entirely on Murphy’s shoulders

    “Of course he didn’t want to come and have dinner with us. He couldn’t. His brain was just too full. You know that when you have those big roles, that responsibility, you feel it’s kind of overwhelming,” he told People.

    Oppenheimer is a true story based around the life of J Robert Oppenheimer and his efforts to make the first atomic bomb. Murphy stars in his first leading role on the big screen with the writer/ director, after working with him previously on the Batman Trilogy and Inception.

    Murphy revealed that Christopher Nolan gave him the opportunity to be the lead in the film through a cold-call offer:

    “He’s so understated and self-deprecating and, in his very English manner, just said, ‘Listen, I’ve written this script, it’s about Oppenheimer. I’d like you to be my Oppenheimer,’” Murphy said while speaking to The Associared Press. “It was a great day… We have this long-standing understanding and trust and shorthand and respect. It felt like the right time to take on a bigger responsibility. And it just so happened that it was a huge one.”

  • 17.5% increase in pension announced for federal govt retirees

    17.5% increase in pension announced for federal govt retirees

    The government has issued a notification announcing a 17.5 per cent increase in the pension for federal government pensioners. The increase, sanctioned by the President, will be effective from 18th July 2023 until further orders. It applies to all civil pensioners of the federal government, including civilians paid from Defence Estimates, as well as retired armed forces personnel and civil armed forces personnel.

    The 17.5 per cent increase in pension will also be applicable to pensioners who retire on or after 1st July 2023. To determine the eligibility for the increase in pension as sanctioned in this notification, “Net Pension” refers to the pension being drawn minus the Medical Allowance.

    In addition, the increase will be granted to family pensioners under the Pension-cum-Gratuity Scheme of 1954, the Liberalized Pension Rules of 1977, pensions sanctioned under the Central Civil Services (Extra Ordinary Pension) Rules, as well as the Compassionate Allowance under CSR-353.

    If the gross pension sanctioned by the federal government is shared with another government in accordance with the rules stated in Part-IV of Appendix-III to the Accounts Code, Volume-I, the increase in pension will be divided proportionately between the federal government and the other government concerned.

    However, the increase in pension as sanctioned in this notification will not be applicable to the special additional pension granted in place of pre-retirement orderly allowance and the monetized value of a driver or an orderly.

  • Channel faces ridicule for blurring Imran Khan in IMF meeting coverage

    Channel faces ridicule for blurring Imran Khan in IMF meeting coverage

    ARY News is facing criticism and ridicule for blurring Prime Minister Imran Khan in footage and photos captured during a meeting held between International Monetary Fund (IMF) officials and Pakistan Tehreek-e-Insaf (PTI).

    #ShameonAry started trending on Twitter soon after screenshots of the coverage were shared on social media.

    PTI supports from all over the country called out ARY news for their coverage.
    One tweep wrote:

    “Everyone must boycott and unsubscribe their YouTube channel and also unfollow them on Twitter, Facebook etc.”
    Another user on twitter blurred the pictures of all the journalists of ARY except the late Arshad Sharif.

  • ‘World’s largest aviary’ approved by CDA…is this really necessary?

    ‘World’s largest aviary’ approved by CDA…is this really necessary?

    The Capital Development Authority (CDA) has approved plans for the construction of the world’s biggest aviary in Islamabad’s F-9 Park. The structure has been planned to span over an area of at least 10 acres.

    The decision was taken during a meeting of the CDA board, chaired by the authority’s chairman, Noorul Amin Mengal, on Tuesday, Dawn reports.

    The decision was announced on CDA’s official Twitter account. In their announcement, they said birds from all over the world will be bred in the aviary, and it will be built through an ‘open auction’ pertaining to design, build, operate and transfer (DBOT). 

    Using this strategy, the project is said to be carried out to the highest standards, while putting a strong emphasis on sustainability and long-term operation. 

    The CDA has yet to release further details about the project, including the expected completion date and the species of bird that are to be housed in the aviary.

    The announcement has generated significant interest on social media, with many users expressing their excitement and anticipation for the completion of the project.

    The project is reportedly one of CDA’s initiatives to support biodiversity and develop distinctive public leisure areas. However, users on Twitter called out CDA’s failed bird zoo in Lake View Park, another big project CDA hired a contractor to invest in.

    According to one Twitter user, the birds are kept in dismal conditions, with larger species such as eagles and owls being kept in cramped cages. He also points to how the contractor CDA hired is now “occupying the facility and generating revenue without any formal contract”, as stated in the report by the Auditor General of Pakistan.

    Considering Pakistan’s general history with keeping animals in enclosures (read: tales often ending in misery and death), one can’t help but wonder: is this the right step towards biodiversity and sustainability?

    As one Twitter user put it:

  • UK house prices drop at fastest rate in 12 years, more decline expected: Halifax

    UK house prices drop at fastest rate in 12 years, more decline expected: Halifax

    According to mortgage lender Halifax, UK house prices witnessed a significant decline last month on an annual basis, marking the fastest rate of decrease in 12 years.

    The rising interest rates are expected to exacerbate the challenges faced by the housing market. Halifax reported a year-on-year drop of 2.6 per cent in house prices for June, following a 1.1 per cent decrease in May. This decline represents the largest fall since June 2011. On a monthly basis, prices dropped by 0.1 per cent in June, following a 0.2 per cent decrease in May.

    Kim Kinnaird, the director of Halifax Mortgages, explained that the substantial annual decline can be attributed to the comparison with the peak in house prices observed around a year ago, coupled with relatively minimal price movements in recent months.

    However, the surge in mortgage costs driven by mounting expectations for the Bank of England to combat inflation through increased interest rates suggests that the housing market will face further challenges in the coming months.

    Kinnaird stated that predicting the depth and duration of the downturn in house prices remains challenging, but the possibility of decreasing inflation may provide some support. Kinnaird also noted that the anticipation of a peak Bank Rate exceeding 6 per cent in the foreseeable future implies that mortgage rates will likely remain elevated for an extended period, contributing to ongoing financial strain for households.

    Investors have recently speculated that persistent inflation will prompt the Bank of England to raise interest rates to their highest level in 25 years, reaching 6.5 per cent by December. In response to soaring funding costs, various lenders, including Halifax, a subsidiary of Lloyds Bank, and other prominent institutions, have repeatedly adjusted their home loan offerings in a race to keep pace.

    Historical data indicates that significant increases in swap rates, which influence mortgage funding expenses, often foreshadow substantial declines in housing starts. This conclusion is supported by a Reuters analysis covering the past 35 years.

    Halifax highlighted that the largest decrease in house prices occurred in the southeast of England. London experienced a decline of 2.6 per cent in annual terms, marking the most substantial drop since October 2009.

  • Bride-to-be drowns while crossing River Indus

    Bride-to-be drowns while crossing River Indus

    A girl passed away after falling into River Indus during a boat ride. The girl was accompanied by her husband-to-be who also fell into the water with her.

    According to Dunya News, the boat accidently capsized, throwing the couple into the river. The police have reported that the boy managed to survive.

    The accident took place two days ago, according to officials, and the girl has been buried by her family members. The family has, however, accused her betrothed of kidnapping and murdering her.

    Police are investigating the case.