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Oil industry prompts government to discourage hoarding as petrol stocks decline to 14-day cover

ISLAMABAD: Pakistan’s oil supply chain players appeared nervous as petrol stocks declined to a 14-day cover on Thursday, prompting the government to urgently address procedural issues and activate enforcement mechanisms to discourage hoarding for profiteering in the market. The decline comes amid rising prices following renewed US-Iran hostilities. Informed sources said the government may have to revert to the fuel conservation measures adopted over the past couple of months as it reviews the latest regional situation. A session with the oil industry, urgently convened by the recently created National Coordination and Management Council (NCMC) — a civil-military body on energy supplies — “holistically” reviewed the availability of petroleum products across the country. Minister for Economic Affairs Ahad Khan Cheema is the chairman, while Lt Gen Zafar Iqbal is the co-chairman of the NCMC’s executive committee. Informed sources said petrol consumption had risen over the past three ...
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Generative AI’s power sparks fears of dumbing humans down

• Studies suggest memory, decision-making, critical thinking are most at risk • Experts say artificial intelligence removes ‘learning opportunities’ • Studies suggest AI boosts short-term gains, but weakens long-term learning • Long-term impact on human brain remains unclear PARIS: Generative AI chatbots capable of writing emails and computer code, translating, organising a trip or coming up with gift ideas are now readily available, prompting some to ask whether human brainpower could suffer for lack of use. A simple natural-language prompt is usually enough to draw a useable response from a service like ChatGPT or Claude, with the effects making themselves felt in schools and universities, workplaces from offices to courtrooms and our personal lives. Recent scientific studies suggest there could be harmful consequences to farming out cognitive tasks to AI. They highlight memory, decision-making and critical thinking as particularly at risk. One American-British study of 1,222 pe...
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Frontline communities face longer wait for funds

• FRLD board defers funding decisions till December, receives 176 requests from 119 states • Pakistan submits three proposals on agriculture, health, flash flood losses • Civil society concerned over ‘lack of transparency’, red tape ISLAMABAD: Pakistan and other climate-vulnerable countries will have to wait longer for disbursements from the Fund for Responding to Loss and Damage (FRLD) after its board decided to allow more time to assess an overwhelming number of funding proposals amid limited financial resources. The ninth meeting of the FRLD Board, held in Manila from July 8 to 10, ended without making any significant headway — a development that drew criticism from civil society groups, which said the Fund was failing vulnerable communities increasingly expo­sed to climate-related disasters. The Fund was established at COP27 in Egypt in 2022. A decision to operationalise it was taken at COP28 in Dubai, followed by its full operationalisation at COP29 in Azerb­aijan. With nearly...
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Holders of invalid, expired NICOPs barred from boarding flights to Pakistan: official

ISLAMABAD: Pakistanis residing abroad who hold an invalid, expired or cancelled National Identity Card for Overseas Pakistanis (NICOP) will no longer be allowed to board flights to Pakistan, official sources said on Wednesday. According to official sources, the government has issued immediate directives to all zonal directors of the Federal Investigation Agency (FIA) to convey the decision to every airline operating inbound flights to Pakistan. A government official told Dawn that the practice of allowing travel on invalid NICOPs had been going on for a long time and that it had been decided to stop it with immediate effect. “Airlines should be instructed to verify the validity of NICOPs prior to boarding and refuse carriage to any passenger presenting an invalid, expired or cancelled NICOP,” the official said. He added that passengers travelling on a foreign passport with an expired or otherwise invalid NICOP would not be allowed to board flights to Pakistan unless they held a va...
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Majestic Spain stun France to reach FIFA World Cup final

Spain stunned tournament favourites France 2-0 to reach the World Cup final on Tuesday, producing a tactical masterpiece to shatter Les Bleus’ dreams of winning the title for the third time. A first-half penalty from Mikel Oyarzabal and a 58th-minute Pedro Porro goal sealed an utterly clinical victory for the European champions at the AT&T Stadium in Arlington, Texas. Spain, World Cup winners in 2010, will now face either Argentina or England in Sunday’s final in New Jersey. France had entered the showdown as the overwhelming favourites for the tournament after a dazzling, goal-laden run to the semi-finals. But France’s vaunted front four of captain Kylian Mbappe, Ballon D’Or winner Ousmane Dembele, Bradley Barcola and Michael Olise were snuffed out by a combination of Spanish poise and power. Spain, who had beaten France in their previous two competitive meetings, had vowed to go on the front foot in the pre-match build-up and they proved as good as their word. A commanding ...
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What to know about the US outbreak of cyclospora parasite intestinal illness

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US cases of an intestinal infection from the cyclospora parasite that causes diarrhoea, nausea and other gastrointestinal symptoms have surged in recent days, with 34 states reporting infections, according to the U.S. Centres for Disease Control and Prevention (CDC). Michigan, which reported its outbreak in May, recorded 3,309 cases on Tuesday. What is it? Cyclosporiasis is an intestinal infection that can be contracted by consuming food, typically raw fruits and vegetables, or water contaminated with faeces, that transmit the cyclospora parasite, according to the CDC. Symptoms can range from mild to severe, with children, older adults and people with weakened immune systems facing a higher risk of serious illness. A crate of iceberg lettuce. — Reuters/File While cyclosporiasis is rarely life-threatening, untreated infections can persist for weeks and may lead to hospitalisation, particularly because of dehydration. The US has had previous outbreaks of...
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GB unveils Rs20.48bn first quarter budget

GILGIT: The Gilgit-Baltistan (GB) government on Monday presented a Rs20.478 billion interim budget for the first quarter of the 2026-27 fiscal year, while urging the federal government to allocate Rs258.95 billion for the full fiscal year to address the region’s growing development and infrastructure needs. The three-month budget was presented in the Gilgit-Baltistan Assembly by Pakistan Peoples Party (PPP) lawmaker Mohammad Ali Akhtar during a session chaired by Speaker Imran Nadeem Shigri. Presenting the interim budget, Mr Akhtar said the federal government had earmarked Rs158.54 billion for Gilgit-Baltistan in the current fiscal year, an amount he described as insufficient to meet the region’s pressing requirements. He explained that the interim budget had been prepared to ensure the continuity of government operations until the presentation of the full annual budget for 2026-27. According to the budget proposals, Rs88bn has been allocated for non-development expenditures, whi...
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