Author: News Desk

  • Bitcoin surges to 13-month high as US judge rules in favour of Ripple

    Bitcoin surges to 13-month high as US judge rules in favour of Ripple

    Bitcoin reached its highest price in almost 13 months this year on Friday, fueled by a significant legal triumph for the crypto industry. A US judge ruled that Ripple Labs did not violate federal securities law by offering its XRP token on public exchanges. Bitcoin initially surged to $31,818 before settling around $30,935 on Friday.

    The second-largest token, ether, experienced its most successful session since March on Thursday. Similarly, XRP, which the US judge declared legally tradable on public crypto exchanges, skyrocketed by 73 per cent on Thursday and maintained most of these gains on Friday.

    The favorable legal ruling and market performance have triggered optimism among industry experts. Matthew Dibb, the Chief Investment Officer at crypto asset manager Astronaut Capital, remarked that the regulatory landscape is evolving and recent developments indicate positive changes lie ahead.

    Justin d’Anethan, Head of Business Development in Asia at Keyrock, a digital assets market maker based in Hong Kong, believes that the court’s decision sets a potentially influential precedent, offering much-awaited regulatory clarity to Ripple stakeholders.

    In response to the ruling, major cryptocurrency exchanges such as Coinbase and Bitstamp resumed trading XRP on their platforms. Binance.US also announced the re-enablement of XRP trading on its exchange.

    The market reaction was particularly encouraging for Coinbase, which had been sued by the US Securities and Exchange Commission (SEC) for alleged securities law violations. Following the Ripple case ruling, Coinbase’s shares surged by almost 25 per cent on Thursday as investors hoped for a favorable outcome in their own legal battle.

    This landmark case represents the first victory for a cryptocurrency company in a lawsuit initiated by the SEC. Although the ruling pertains to this specific case, it has generated optimism among crypto investors, who believe that other cryptocurrencies may also avoid being classified as securities.

    However, the positive sentiment was somewhat tempered by reports from the Wall Street Journal indicating that Binance, the world’s largest cryptocurrency exchange, has undergone substantial layoffs in recent weeks. According to an insider, the ongoing layoff process could result in a workforce reduction of over a third for the exchange.

  • Govt implements Rs4.96 per unit power tariff hike, aims to collect Rs3.28 trillion from consumers

    Govt implements Rs4.96 per unit power tariff hike, aims to collect Rs3.28 trillion from consumers

    The National Electric Power Regulatory Authority (Nepra) announced a significant increase of Rs4.96 per unit in the electricity base tariff for the fiscal year 2024, in response to a demand from the International Monetary Fund (IMF). This adjustment will result in the government collecting Rs3.281 trillion from power consumers across all distribution companies.

    Additionally, the government is actively working on raising gas rates, as the Oil and Gas Regulatory Authority (OGRA) has already determined a 45-50 per cent increase in gas prices on June 2, 2023.

    The implementation of the power tariff hike is scheduled to commence on July 1, with the tariff rising to Rs29.78 per unit from the current rate of Rs24.82 per unit.

    Customers utilising time-of-use (ToU) meters will be charged up to Rs49.35 per unit. During peak hours from 5pm to 11pm, they will pay Rs49.35 per unit, while during non-peak hours, the charge will be Rs33.03 per unit.

    This decision has imposed an additional burden on the residents of Karachi, as Nepra has also raised the monthly fuel charges adjustment for the month of May by Rs1.44 per unit, which will be reflected in the billing for July.

    However, the increase in the base tariff will be implemented differently for various categories. Some categories will experience a lower increase, while for others, the increase may reach up to Rs6 per unit, depending on the government’s decision.

    The power regulator has determined an average increase in the base tariff of Rs4.96 per unit. Apart from the new base tariff of Rs29.78 per unit, end consumers will also be required to pay a financing cost surcharge of Rs3.23 per unit from July 1.

    This surcharge aims to generate Rs335 billion to address the power sector’s debt and liabilities, which currently amount to Rs2.6 trillion. Furthermore, consumers will continue to pay the Tariff Rationalisation Surcharge of Rs0.47 per unit.

    Within the base tariff increase of Rs4.96 per unit, the payment for capacity charges has risen to 70 per cent, equivalent to Rs3.472 per unit, while 30 per cent accounts for energy prices.

    The new base tariff increase has been calculated considering a dollar value of Rs287, an inflation rate of 17 per cent, and a 7 per cent growth in electricity generation. As a result, consumers will pay capacity charges totaling Rs1.874 trillion, compared to Rs1.251 trillion in 2022-23.

    Unfortunately, the end electricity consumer in Pakistan is being burdened with additional costs to compensate for ongoing inefficiencies in the power sector, in addition to paying for the actual cost of electricity. These costs include tariff rationalisation charges, financing cost surcharges, electricity duty, PTV license fee, GST, income tax, extra tax, further tax, and sales tax.

    In reality, consumers are paying 31 per cent above the actual cost of electricity in the form of surcharges, duties, and taxes. Electricity Duty, a provincial duty, is levied on all consumers, ranging from 1.0 per cent to 1.5 per cent of Variable Charges. General Sales Tax (GST) is charged at a rate of 17 per cent on all consumers under the Sale Tax Act 1990.

    Income Tax is applicable to non-taxpayer consumers at varying rates depending on the tariff and electricity bill amount, and commercial consumers pay 5 per cent on bills up to Rs20,000 and 7.5 per cent on bills exceeding Rs20,000. Further tax of 3 per cent is charged from all consumers without a Sales Tax Return Number (STRN), except for domestic, agriculture, bulk consumers, and street light connections.

    The increase in power tariffs was a necessary requirement imposed by the IMF to provide financial assistance to Pakistan. The IMF has consistently urged the government to raise tariffs and eliminate power subsidies as part of its efforts to reduce the country’s fiscal deficit.

    However, Nepra attributes the tariff increase to factors such as low sales growth, rupee devaluation, high inflation, exorbitant interest rates, and the addition of new capacities.

  • Masood suicide case: Recordings of calls with lenders reveal pressure on victim

    Masood suicide case: Recordings of calls with lenders reveal pressure on victim

    Following the suicide of Muhammad Masood, a victim of online loan sharks, his last voice note and conversations with the representative of the online loan lenders have revealed the pressure and emotional strain the deceased person was going through.

    Lahore Rang has shed light on the final days of the man who borrowed money to pay his children’s school fee.

    A recording of Mr Masood’s last message to his loved ones state, “I could neither be a good father, a good husband nor a good son. I’m under debt as I took loan and it’s all piled up with interest now. That’s the reason why I’ve been requesting you to sell the house, but you refused. The loan lenders have made my life miserable. I had no other option. Please forgive me. Keep my phone powered off for at least a month and then hand it over to Muneeb after throwing away the sim cards. I’m so sorry. Masood.”
    The 42-year-old was being incessantly harassed and threatened by the loan lenders. In one recording, a representative of the loan sharks can be heard blackmailing Masood, hurling threats, adding female members of the victim’s family to the call and insulting them along with him.
    In one recording he could be heard telling Masood to kill himself. His exact words were, “Get on video call with me right now and shoot yourself.” To which the poor man replied that he will.
    The victim’s brother has filed a complaint with the cybercrime wing of the Federal Investigation Agency, seeking justice for Muhammad Masood.

    Pakistan 24 has reported that two offices of such illegal companies have been sealed by the FIA, during raids carried out in the light of the mobile records of Masood.

  • Aleeza Arshad, daughter of Arshad Sharif, makes debut as reporter

    Aleeza Arshad, daughter of Arshad Sharif, makes debut as reporter

    Aleeza Arshad, the daughter of slain journalist Arshad Sharif, has entered the field of journalism as a reporter.

    Aleeza decided to enter the profession because she was inspired by her father’s passion for investigative journalism.

    Her decision to choose journalism as a profession has been welcomed by admirers and colleagues of her late father, who was killed in 2022 by unknown gunmen in Kenya.

    Pakistan Tehreek-e-Insaf (PTI) leader Shehbaz Gill shared Aliza’s TV report on his Twitter account and expressed best wishes for her future.

    Social media users also welcomed Aliza to the realm of journalism.

  • AI instructors to teach Harvard students next year

    AI instructors to teach Harvard students next year

    Harvard University, one of America’s most prestigious and expensive colleges, is planning to introduce an AI-powered teaching assistant to instruct students in its popular introductory coding course.

    Professor David Malan, who oversees the course, explained that the use of AI in the syllabus aligns with the course’s history of incorporating new software. He stated that the introduction of a ChatGPT AI teacher is a natural progression in their teaching methods. The aim is to eventually provide students in the CS50 course with software-based tools that can support their learning individually, ensuring a 1:1 teacher-to-student ratio.

    Professor Malan mentioned that they are currently experimenting with both GPT-3.5 and GPT-4 models, as reported by Harvard’s newspaper, the Crimson. However, developers and software engineers outside the Ivy League have encountered difficulties integrating OpenAI’s ChatGPT-4 into their workflows.

    Some have raised concerns about the algorithmic co-worker’s coding abilities, perceiving a decline in quality compared to earlier versions. The AI’s software skills have been described as inferior, exhibiting superficial responses and inadequate coding prompt answers.

    Considering the significant cost of a four-year degree from Harvard, estimated at around $334,000 for the 2022-23 academic year, students who are paying for their education will likely expect the CS50 staff’s experimentation with ChatGPT to be thoroughly refined by September.

    CS50 is highly regarded and widely accessed through Harvard’s online learning platform, edX, which was established in partnership with MIT in 2012. The universities sold edX to educational technology company 2U for $800 million in 2021, ensuring its operation as a public benefit entity that offers courses for free auditing.

    Professor Malan acknowledged that early iterations of AI programs like ChatGPT may occasionally underperform, but expressed his confidence in the AI teaching assistant’s ability to streamline tasks and reduce the time spent on assessing students’ code. This, in turn, would allow teaching fellows to focus on more meaningful, interpersonal interactions with their students, resembling an apprenticeship model.

    Reflecting on the purpose of education, Professor Malan emphasised the importance of critical thinking for students, urging them to exercise discernment when processing information, regardless of its source.

    In summary, Harvard University intends to leverage AI technology by introducing a ChatGPT-powered teaching assistant in its CS50 course. While challenges have been encountered with the latest ChatGPT-4 model, Professor Malan and his team are committed to refining the AI’s performance.

    The goal is to enhance the learning experience for students and enable teaching fellows to allocate their time more effectively, fostering meaningful interactions. This development aligns with Harvard’s commitment to providing quality education through its online learning platform, edX, which remains accessible to a wide audience.

  • Inside the glamorous wedding of TikTok stars Sehar Hayat, Sami Rasheed

    Inside the glamorous wedding of TikTok stars Sehar Hayat, Sami Rasheed

    TikTok sensation Sehar Hayat tied the knot with musician Sami Rasheed in a grand nikkah ceremony last year in December. The remaining wedding festivities kicked off this month with a fairytale bridal shower, leading to a colorful and glamorous maayon and barat.

    Sehar looks stunning and gorgeous in every event.
    Here are a few pictures of newlyweds from their mayoon ,qawali night, mehndi and barat.
    Sehar can be seen in a gorgeous sleeveless blue kurta with a matching mirror-work sharara whereas the groom looks like a prince in a coordinating mirror-work blue kurta and white shalwar. Both of their outfits are from Agha Hassan’s design studio.


    Sehar wore a mehndi lehenga with heavy embroidery whereas Sami chose an embellished shalwar kameez with full embroidery coat on it. The bride’s outfit was by Mohsin Naveed whereas Sami’s outfit was from Agha Hassan’s design studio and coat from Darweshman.


    Sehar also donned an Arzoo black saree with golden embroidery and her groom put on a black kurta shalwar from Agha Hassan’s design studio. The couple slayed in matching black outfits and danced the night away with their close friends and family.

    Sehar wore a bridal red lehenga with heavy jewellery whereas, the groom looked handsome in a traditional black sherwani. Both of their outfits are from Mohsin Naveed design studio.


    Famous TikTokers attended the wedding.


    Sehar Hayat is a multi-talented social media influencer with more than two million followers. Apart from being an influencer, she is also a model and actress and has collaborated with many popular TikTokers as well.

  • Survey reveals Bollywood continues to rely on sexist formulas to make big budget films

    Survey reveals Bollywood continues to rely on sexist formulas to make big budget films

    A survey conducted by Mumbai’s Tata Institute of Social Sciences has revealed that more Bollywood films have begun relying on misgoynist and sexist tropes to make big budget films, with female and queer representation remaking exceedingly low, as reported by the BBC.

    The study looked into 25 of the biggest box-office hit films since 2019, and 10 female-led films from the years 2012-2019. It found that Bollywood responded to the criticism following the gang rape and murder of a Delhi college student in 2012. The films selected were Kabir Singh, War, Dabangg 3, Mission Mangal, Housefull 4 and Article 15 and among the female-led films were Raazi, Queen, Lipstick Under My Burkha along with Margarite With A Straw.

    The researchers had studied 2000 on-screen characters to note down their occupations, and also analyse them over several parameters such as consent, intimacy and harassment. They also inspected these films for how many women worked off-screens, as well as the number of LGBTQ and disabled characters and how they were represented.

    Their findings concluded that box-office hits from Bollywood rely on sexist and misogynist tropes to become hits, while female and queer led representation remains low.

    Professor Lakshmi Lingam, the head of the study, revealed that of all the films they had inspected, 72 per cent of the characters leading them were men, 26 per cent were women while only 2 per cent were queer, explaining that filmmakers believe that movies led by men tend to attract wider audiences than a strong female-led story.

    “There’s very little attempt to do something different because patriarchal norms colour people’s idea of a story or narrative and they come to believe that this is what can give them money,” she revealed to the BBC.

    Lingam also elaborated on how Bollywood has continued to rely on a formulae that keeps women in the background while men take on the leading roles, and this shows up in how in Bollywood films, they are never placed in decision-making roles:

    “The protagonist has to be male from the upper caste, the female lead has to be thin and beautiful. She has to be coy and demure who expresses consent through gestures rather than words, but wears sexually revealing clothing and has to be somewhat modern to allow for her to be in a pre-marital relationship which is a transgression.”

    “42 per cent of the female leads were employed in these films (way higher than India’s real employment figures of 25.1 per cent) they were in stereotypical professions. Nine in 10 men were in decision-making roles playing army officers, policemen, politicians and crime lords; women mostly played doctors and nurses, teachers and journalists and only one in 10 were in decision making roles,” she said.

    Coming to queer representation in Bollywood films, the study noticed how LGBTQ people were always made into the butt of jokes and weren’t placed in decision-making roles, while disabled people were also poorly represented and were often used as tropes for comedy relief or sympathy.

    These findings, Lingam pointed out, prove why many Bollywood box office hits were flopping like many male-dominated films starring actors like Akshay Kumar, Salman Khan had bombed, which is why the industry needs to badly reform itself and start including more women on the front screen:

    “The typical thinking is that a majority of the audience is male so films are being made for them. We are not saying don’t do those films, but do a spectrum of films so that there is a wide variety.”

    Lingam pointed out that the reason why Bollywood relies on the male gaze so much is because more men are working off-screen in films than women are- as the study TISS had done showed that in all the films they had researched, there were 26,300 men and only 4,100 women in the crews.

    The professor also pointed out how dangerous it is for Bollywood to keep relying on sexist tropes to make hit films, sharing that it can impose further on spaces for women in India, with the way films like Kabir Singh normalise toxic masculinity and harassment.

    “In India, where families and schools rarely teach about sex education and consent, all our responses are influenced by books and cinema,” Lingam said, sharing how the Shahid Kapoor led film showed the male lead stalking a woman and pressurising her to marry him.

    “It normalises toxic masculinity. so when a woman is stalked or harassed on the street, everyone says it happens. And there is rarely any pushback.”

  • Fact Check: Were liquor bottles recovered from Saad Rizvi’s car?

    Fact Check: Were liquor bottles recovered from Saad Rizvi’s car?

    Claim: Bottles of liquor were recovered from the car of Tehreek-e-Labbaik Pakistan (TLP) Chief Saad Rizvi.

    A screenshot of 24 News HD has been circulating online, stating that bottles of liquor were recovered from Saad Rizvi’s car.

    It has been clarified by 24 News that no such information was shared by the channel and the screen shot is fake. “The news about Saad Rizvi is based on lies… False propaganda against 24 News,” clarified the channel.


    Many on Twitter have also shared the fabricated screenshot, wondering if the news is true, while some used a sarcastic tone. One person tweeted, “According to a news report, 5 bottles of alcohol were stolen from Saad Rizvi’s car #ChalochaloLahoreChalo.”

    On the other hand, some termed it as ‘another horrendous political’ hoax. “Another horrendous politics is being played by the ones who are in power in #Pakistan Whatsoever you do, remember one thing! We don’t believe you. I am not a supporter of #SaadRizvi, but this can’t be truth,” tweeted another.

    Verdict: 24 News screenshot being randomly shared on social media with claims of alcohol recovered from TLP chief Saad Rizvi’s car is fabricated. No such incident took place.

  • Khurshid Shah sends friend request to Imran, but there’s a catch

    Khurshid Shah sends friend request to Imran, but there’s a catch

    Khurshid Shah, senior leader of the Pakistan People’s Party (PPP), has extended an olive branch to embattled political opponent Imran Khan, however, there’s a catch.

    “If Imran Khan let’s go of his ego and says that he is going to meet Asif Ali Zardari, then PPP will cooperate with him and bring him back into the political fold,” Shah said during a conversation with WE News.

    The federal minister stressed that his party has never backed off from dialogue. “We will teach Imran about democracy and politics, we will tell him about Pakistan’s sovereignty,” Shah stated.

    Accusing the Pakistan Tehreek-e-Insaf (PTI) Chairman of “running away from dialogue,” the PPP leader said that Khan has never negotiated with anyone.

    Pointing out that the government offered PTI a charter of democracy, Khurshid Shah recalled that Khan turned them away, terming their offer an attempt to get an NRO.

    “Whoever calls PTI a political party is naive,” he told WE News.

  • Pakistani ‘Superhero’ Ms Marvel receives three Emmy nominations

    Pakistani ‘Superhero’ Ms Marvel receives three Emmy nominations

    Pakistani filmmaker Sharmeen Obaid Chinoy’s ‘Ms Marvel’ has bagged three nominations at the Emmy awards, becoming the only Marvel series to be nominated.

    The series was nominated for Outstanding Picture Editing For A Limited Series, Outstanding Original Main Title Theme Music, and Outstanding Music Composition For A Limited Series (Original Dramatic Score).

    The series will be competing next to some other popular series such as Guillermo Del Toro’s ‘Cabinet Of Curiosities’, ‘The Lord Of The Rings: The Rings Of Power’, and Netflix’s ‘Wednesday’.

    Ms Marvel made international waves last year as the first Pakistani superhero led Marvel series. It centers around Kamala Khan, a Pakistani-American Muslim girl, who on discovering a powerful bangle, realises that she is a superhero. Pakistani actors Fawad Khan, Mehwish Hayat, Nimra Bucha and Samina Ahmed also starred in the show.

    Another Pakistani documentary “The Accused: Damned Or Devoted” written and directed by Muhammad Ali Naqvi has made waves by being nominated at the prestigious awards. The documentary explores the rise of the late chief of the political party Tehreek Labbaik Pakistan (TLP) Khadim Hussain Rizvi, who was determined to protect Pakistan’s controversial blasphemy laws.

    HBO had scored the most Emmy nominations, with Succession scoring 27 nominations including Outstanding Drama Series, for which the studio’s other critically acclaimed series like ‘The Last Of Us’, ‘The White Lotus’ and ‘House Of The Dragon’ are also competing.