Home Blog Page 29

EXCHANGE RATES FOR CURRENCY NOTES

0
KARACHI, Dec 29 (APP): CURRENCY          SELLING BUYING
USD 281.95   278.93
GBP 380.79376.30
EUR 331.95 328.03
JPY 1.80311.7818
SAR    75.18                74.28
AED    76.78   75.86
LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 3.7214
LIBOR 3M 3.6856
LIBOR 6M 3.6150
US DOLLAR Indicative FBP Rates
CURRENCY SIGHT/
15 DAYS1M2M 3M4M 5M 6M
USD278.83277.61275.06 272.88270.44 267.93265.65
EUR328.48327.29 324.70322.59 320.12 317.53 315.24
GBP376.53374.88371.38368.38 365.03361.61358.49

Sudan’s gold production reaches 70 tons in 2025

0

KHARTOUM, Dec. 29 (Xinhua/APP) : Sudan’s Ministry of Minerals said the country’s gold production for 2025 reached 70 tons, 13 percent higher than the target.
The Sudanese Mineral Resources Company, an affiliate of the ministry, said in a statement the mining sector brought about 1.087 trillion Sudanese pounds (about 1.8 billion U.S. dollars) in public revenues this year.
Minister of Minerals Nour Al-Daem Taha called for doubled efforts in 2026 and directed that new national projects be included in the mining sector’s development plan.
Sudan relies primarily on gold exports to obtain foreign currency. Its gold production had peaked between 2017 and 2022. In 2022, gold was the country’s top non-oil export, accounting for 46.3 percent of total non-oil exports, with a value of 2.02 billion dollars out of total exports of 4.357 billion dollars, according to statistics from the Central Bank of Sudan. Yet the gold production declined to only two tons after five months of war in 2023, followed by a surge to 64 tons in 2024.

NBP Exchange Rates

0
KARACHI, Dec 29 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates.
CURRENCY SYMBOL TT Selling TT Buying
US DOLLAR USD    280.55280.05
EURO EUR330.30329.71
JAPANESE YENJPY1.7941 1.7909
BRITISH POUND GBP378.89  378.22
SWISS FRANCCHF355.32 354.68
CANADIAN DOLLARCAD205.37          205.01
AUSTRALIAN DOLLARAUD188.60  188.26
SWEDISH KRONA SEK  30.64       30.59
NORWEGIAN KRONE NOK  28.06    28.01
DANISH KRONE DKK  44.23      44.15
NEWZEALAND DOLLAR* NZD           163.54            163.25
SINGAPORE DOLLARSGD           218.43 218.04
HONGKONG DOLLAR HKD             36.09     36.02
KOREAN WON*KRW           0.1956 0.1952
CHINESE YUANCNY             40.03  39.96
ALAYSIAN RINGGIT*MYR      69.26  69.14
THAI BAHT*THB          8.99     8.98
U.A.EDIRHAMAED      76.40  76.26
SAUDI RIYAL SAR     74.80   74.67
QATAR RIYAL* QAR             76.99   76.86
KUWAITI DINAR*KWD    914.11912.48
CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 280.1462
GBP             377.5531
EUR  329.62
JPY    1.7909
SETTLEMENT DATE: 31-12-2025

Foreign exchange rates

0
KARACHI, Dec 29 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Monday.
CONVERSION RATES FOR DECEMBER 29, 2025 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE-25 DEPOSITS)
SBP SETTLEMENT VALUE DATE DECEMBER 31, 2025
     USD      280.1462
     GBP      377.5531
     EUR      329.6200
     JPY        1.7909

PLA Eastern Theater Command conducts joint drills around Taiwan

0
BEIJING, Dec 29 (APP):Multiple forces of the Eastern Theater Command of the Chinese People’s Liberation Army (PLA) started drills code-named “Justice Mission 2025” around Taiwan Island Monday, said Shi Yi, spokesperson for the theater command.
The PLA Eastern Theater Command is dispatching its Army, Navy, Air Force and Rocket Force troops to conduct drills in the Taiwan Strait and areas to the north, southwest, southeast and east of Taiwan Island, Shi said.
The drills will focus on subjects of sea-air combat readiness patrol, joint seizure of comprehensive superiority, blockade on key ports and areas, as well as all-dimensional deterrence outside the island chain,  CGTN quoted Shi as saying.
“With vessels and aircraft approaching Taiwan Island in close proximity from different directions, troops of multiple services engage in joint assaults to test their joint operations capabilities,” he said.
It is a stern warning against “Taiwan Independence” separatist forces and external interference, and a legitimate and necessary action to safeguard China’s sovereignty and national unity, he said.

From science fiction to clinical reality: China accelerates brain–computer interface development

0
BEIJING, Dec 29 (APP):Since February this year, a quiet but significant breakthrough unfolded in several of Beijing’s top neurosurgical hospitals. Working with the Chinese Institute for Brain Research, Beijing (CIBR) and NeuCyber NeuroTech, teams at Peking University First Hospital, Xuanwu Hospital and Tiantan Hospital completed six successful semi-invasive brain–computer interface (BCI) implantations.
More than 98 percent of neural channels remained functional after surgery, and signal recording remains at high quality level for already over 10 months. Most strikingly, a patient with paraplegia from a spinal cord injury for more than five years regained the ability to stand and walk with the aid of axillary crutches after rehabilitation training driven by the NeuCyber Matrix BMI System (Beinao-1).
The cases offer a glimpse into how China’s BCI sector is moving beyond laboratory research and into early-stage clinical application, at a moment when the technology has been formally elevated to a national industrial priority.
A coordinated national push
On July 23, 2025, seven central government bodies, including the Ministry of Industry and Information Technology and the National Development and Reform Commission, the National Health Commission, and the National Medical Products Administration, jointly released a set of guidelines aimed at promoting the innovative development of the BCI industry. The document designates BCIs as a strategic “future industry” and lays out a phased development roadmap through 2030.
The country seeks to achieve key technological breakthroughs in the industry by 2027, alongside the establishment of advanced technology, industry and standards systems, according to the guidelines.
Specifically, the guidelines call for the accelerated adoption of BCI products across sectors such as industrial manufacturing, health care and consumption by 2027, and for the development of new scenarios, business models and formats.
By 2030, the country should strengthen its BCI innovation capabilities significantly, establish a safe and reliable industrial ecosystem, and cultivate two to three globally influential leading enterprises, reads the guidelines.
Industry analysts see the policy as a signal that BCIs in China are transitioning from frontier research projects into an organized industrial track with regulatory oversight, clinical pathways, and long-term planning, CEN reported.
What BCIs actually decode
Public perceptions of BCIs often swing between extremes, that is, visions of effortless “mind reading” or fears of dystopian “mind control.” In practice, the technology occupies a more constrained, but still transformative, middle ground.
At a technical level, a brain–computer interface translates neural electrical activity into interpretable outputs, such as cursor movement, robotic control, or synthesized speech. Every human action, from grasping a cup to forming a word, is associated with coordinated activity across distributed neural populations.
In theory, comprehensive recording of brain activity could enable precise decoding of mental states. In reality, today’s most advanced invasive BCIs typically record signals from hundreds to just over a thousand neural channels, while the human brain contains roughly 86 billion neurons, noted Dr. Minmin Luo, director of CIBR. This mismatch defines a fundamental constraint of the field.
Non-invasive approaches, including electroencephalography (EEG) devices that collect brain signals from outside the skull, face additional challenges. Signals are attenuated by the skull and contaminated by muscle and motion artifacts. These systems can reliably detect coarse brain states – attention, fatigue, or sleep – but struggle to decode fine motor intentions or language generation.
As a result, the highest-performing BCIs remain invasive, placing electrodes on or within the cortex to achieve sufficient spatial and temporal resolution. Even then, what is decoded is not abstract thought, but specific neural patterns associated with trained, well-defined tasks.
Why medicine comes first
These technical limits largely explain why medical rehabilitation has emerged as the leading domain for BCI deployment. Clinical applications are tightly constrained: patient needs are clear, outcomes are measurable, and ethical oversight is strict.
In October 2023, a joint team from Tsinghua University’s medical faculty and Xuanwu Hospital conducted the world’s first clinical trial of a wireless, minimally invasive BCI. The participant, paralyzed for 14 years following a traffic accident, regained the ability to perform tasks such as independently drinking water after three months of rehabilitation training, achieving more than 90 percent accuracy in brain-controlled grasping.
Internationally, similar momentum is visible. In January 2024, Neuralink completed its first human implantation in the United States, with the participant later demonstrating the ability to control a computer cursor using intention alone. For the first time, BCIs entered public discourse not as speculative concepts, but as reproducible, regulated medical technologies.
BCI research is also expanding beyond motor restoration.
Clinical urgency and practical limits
Globally, many live with spinal cord injuries, stroke-related disabilities, or neurodegenerative diseases for which existing treatments offer limited benefit. In China alone, several million people in China suffer from paralysis caused by spinal cord injury, with tens of thousands of new cases added every year, according to the World Health Organization’s regional estimates.
This scale of unmet clinical need explains why BCIs are moving from feasibility demonstrations toward validation of long-term safety and effectiveness. Devices that can demonstrate durable functional improvement under strict medical regulation are also those most likely to gain public trust and regulatory approval.
Beyond healthcare, consumer-facing brain devices are beginning to appear in areas such as brain-controlled gaming, immersive education, and attention training. These applications prioritize accessibility over precision and rely primarily on non-invasive signals. Their value lies in narrow, context-specific use cases, not in decoding complex intentions or internal thoughts.
The distinction is critical. Medical BCIs advance because they operate within biological, regulatory, and ethical constraints. Consumer applications succeed only when their limitations are clearly acknowledged.
Engineering and ethical boundaries
Even invasive BCIs face unresolved engineering challenges. Neural signals drift over time, meaning patterns recorded today may differ weeks or months later. For young patients with spinal cord injuries or neurodegenerative diseases, devices must remain stable and functional for decades.
Long-term biocompatibility, mechanical durability, and surgical safety are therefore as important as decoding accuracy, Luo told us. A system that performs well for months but degrades over years is not clinically viable.
Data scarcity further complicates progress. According to recent clinical trial data, around 200 people worldwide have received invasive BCIs. However, recording methods, electrode designs, and behavioral tasks continue to vary widely, limiting the large-scale data aggregation needed for universal decoding models.
Ethical concerns are equally significant. Neural data can reveal disease risk, cognitive decline, and aspects of personal identity. Informed consent, anonymization, and strict governance are essential. Certain neural information, particularly signals related to intent and identity, must be treated as inviolable mental privacy.
In this context, the greatest risk is not mind control, but overgeneralization, mistaking narrowly successful demonstrations for broad access to the human mind.
Diverging national paths
Different countries are approaching brain–computer interface governance through distinct institutional paths, reflecting broader differences in how emerging technologies are regulated.
In the United States, development is driven primarily by private companies leveraging the FDA’s “Breakthrough Devices Program” to accelerate clinical translation. While this ecosystem excels in system integration, custom neural chips, and venture capital scale, governance is now expanding beyond medical safety.
With the introduction of the Management of Individuals’ Neural Data (MIND) Act of 2025, US policymakers are actively establishing new frameworks to address neuro-rights, specifically focusing on neural data privacy and mental liberty.
China, by contrast, is pursuing a state-led coordinated approach that integrates policy planning, clinical validation, and industrial clusters. Following the 2025 multi-ministry plan, China is accelerating the development of a full industrial chain, from high-performance electrodes to BCI-specific chips.
Supported by strong neurosurgical capacity and large patient populations, Chinese research teams are exploring multimodal technical routes (including invasive, non-invasive, and interventional BCI), with a strategic emphasis on restorative medical outcomes and national ethical standards for responsible innovation.
Europe has taken a more precautionary, ethics-first approach. Rather than prioritizing rapid commercialization, regulators and research institutions emphasize human dignity, informed consent, and data protection, often embedding BCI research within broader artificial intelligence and biomedical ethics regimes. While this approach may slow large-scale deployment, it has positioned ethical governance as a central pillar of neurotechnology development.
A quieter future
According to a report titled Brain Computer Interface Market Size, Share and Trends 2025 to 2034 by Precedence Research, the market for brain technology was worth about $2.6 billion last year and is expected to rise to $12.4 billion by 2034. But for many, this technology is about much more than cash.
As brain–computer interfaces move from laboratories into hospitals, their trajectory is becoming clearer. They are not tools for reading minds or rewriting consciousness. They are instruments for restoring functions lost to injury or disease, operating within strict biological and ethical limits.
The future of BCIs will be shaped less by how much of the brain can be decoded, and more by how carefully societies decide where, and for whom, these technologies should be used.
In that sense, the most important questions raised by BCIs are not about machines, but about what it means to intervene responsibly in the human condition.

China Focus: AI’s growing role in storytelling, from script to screen

0

HANGZHOU, Dec. 29 (Xinhua/APP) : What is a filmmaker to do when they need to film epic battles for a budget micro-short drama, but they have few actors and even less time? This is a worry of the past, with artificial intelligence (AI) now capable of summoning entire armies of digital performers.
This was a recent experience for post-production technician Zhang Shiyu. “Especially with the leap in AI large language models this year, the process has become smoother, more precise and strikingly efficient. What used to take me long days to create, AI can deliver in mere minutes with even greater continuity and realism,” said Zhang, who works for Dongyang Gewuzhizhi Culture Media.
AI-generated high-quality visuals are seamlessly integrated into the editing pipeline. Through techniques like precise texture mapping, AI-enabled visual effects blend virtual elements with live-action footage, delivering realistic and visually striking results.
Zhang is not the only one at the company using AI to streamline micro-short drama production. “AI plays a crucial role in every step of post-production,” said its chairman, Lu Caijian.
Hengdian World Studios — often referred to as “China’s Hollywood” — is where the company is located, and it now has a solid industrial chain. “This year, we have prioritized integrating technology with film and television, powering the industry’s growth,” said Lu Pingping, deputy director of the Hengdian Film and Television Cultural Industry Development Service Center.
Lu noted that in one example, tech services firm Dongyang Yuanying Technology Co. established operations in Hengdian in October and has since participated in the production of over 20 short dramas.
Lin Ju, Yuanying’s operations manager, noted that AI is currently being used to create grand scenes, science fiction and fantasy genres, and to add special effects to footage that has already been shot.
For companies like Yuanying, which is in the process of developing an original series, the next challenge is finding and shaping winning stories. This is where the role of AI is expanding upstream into scriptwriting and project evaluation.
According to a report from the China Society of Motion Picture and Television Engineers, AI is reshaping the industry’s workflow everywhere from scriptwriting to marketing. Its influence transcends the role of a mere tool, actively redefining creative practices, industry structures and cultural values.
“AI significantly enhances production efficiency. But more importantly, AI is expanding the boundaries of visual expression. It is likely to give rise to entirely new cinematic styles and narrative methods that are unimaginable today,” said Li Zhenlin, dean of the College of Film at the Shanghai Theatre Academy.
Some companies have even developed their own large language models to increase proficiency. Hangzhou-based Chinese media company Huace Group, for example, has developed an in-house AI model for script summarization, evaluation and creation.
Huace’s resources — which include 50,000 hours of film, television copyright assets, and data accumulated over 30 years, such as scripts, evaluation reports and industry data — are the core training data for the model.
It can produce rapid preliminary evaluations of novels of up to 1.2 million words. Tasks that previously took a human team 10 to 14 days can be completed by AI in just one or two hours. Combining AI screening and manual assessment, overall efficiency has increased by over 50 percent.
“The model helps efficiently identify suitable projects during the initial stages, and inspires creators by optimizing scripts,” said Fu Binxing, president of Huace Group, noting that the company is refining the model’s accuracy, which has reached about 90 percent, and enhancing the tool by following industry trends and expanding genre coverage.
“AI is not meant to replace humans. It has altered certain production processes, but in the short term, the core of creation is still people,” Lin said. “What matters is the ability to harness AI. Screenwriters still need to control the visual language and final presentation of each shot.”
“For new directors, AI lowers the barriers to entry into the industry. They can use AI tools to translate their creative vision into visual presentations for investors and potential collaborators. Innovation is at the heart of filmmaking. By delegating routine assistant-like tasks to AI, people can be free to focus on true innovation,” Fu said.
As AI dramatically increases the accessibility of creation and accelerates content output, protecting intellectual property with AI has become a parallel frontier. In response, the industry is deploying AI as a guardian.
This year, Hengdian launched an AI-powered monitoring system that automates the entire process of identifying and collecting evidence of copyright infringement online, effectively addressing the long-standing challenges of low efficiency and limited coverage in manual monitoring.
East China’s Jiangxi Province has established its first agency to protect the copyright of micro-short dramas by using AI to safeguard creation and distribution. From its establishment in 2024 to May this year, the agency had resolved eight infringement cases, recovering tens of millions of yuan in losses.

ITP issues advisory for office-hour traffic rush on Srinagar Highway, Islamabad Expressway

0
ISLAMABAD, Dec 29 (APP):Islamabad Traffic Police (ITP) on Monday issued a traffic advisory, cautioning commuters about heavy traffic pressure on Srinagar Highway and the Islamabad Expressway during office and peak hours.
An ITP spokesperson told APP that due to routine office movement, traffic congestion is expected on the two major arteries, which may affect the smooth flow of vehicles.
He advised citizens to plan their journeys with extra time in hand and exercise patience while travelling during rush hours.
The spokesperson said ITP officers will remain deployed on roads to ensure smooth traffic flow and facilitate commuters.
For updates or assistance, citizens may contact the Traffic Helpline 1915 or emergency helpline Pucar-15.

Kazakh capital’s population surpasses 1.6 mln

0

ASTANA, Dec 29 (Kazinform/APP) : An extended meeting was held at the Astana city administration under the chairmanship of Deputy Prime Minister and Minister of Culture and Information Aida Balaeva, with the participation of city officials and members of the Public Council, Qazinform News Agency reports citing primeminister.kz.
The social sector and the implementation of the President’s instructions aimed at improving the quality of life in the capital were on the agenda. Astana Mayor Zhenis Kassymbek noted that the city’s steady population growth creates new demands for urban infrastructure and requires proactive planning.
As of November 1, 2025, Astana’s population reached 1,622,245 people, 93,542 residents up since the beginning of the year. Of this growth, 17,265 came from natural increase and 76,277 from migration. Annual growth stands at 6.12%, with migration inflows of around 100,000 people per year, intensifying the burden on healthcare, education, employment, and social support systems.
Special attention was paid to the healthcare development. Astana has 277 medical organizations so far. Building wear is at 14.7%, and equipment availability at 82.4%. Staff shortages remain a challenge. As stated there, births have increased by 45% over the past decade, requiring more maternity and perinatal facilities.
According to the Enlightenment Minister Zhuldyz Suleimenova, more than 300,000 students are studying at around 200 schools. In 2025, 272 billion tenge was allocated to private schools, raising issues of transparency and quality.
Those attending focused on early childhood and primary education as foundations for learning motivation and social stability. In higher education, 13 universities host over 105,000 students, but there is a mismatch: too many humanities graduates and shortages in engineering, IT, medical, and teaching fields.
As stated there, economically active population exceeds 750,000. More than 120,000 people receive social support. In 2025, over 42,000 people were employed. The city has above 800 sports facilities, 60% privately owned. She emphasized that with Astana’s rapid growth, quality governance and systematic decision-making are essential for sustainable development. Earlier, President Kassym-Jomart Tokayev highlighted that social facilities must remain accessible to the population.

Mamdani to take oath on holy Quran at Jan. 1 inauguration as New York City mayor

0

NEW YORK, Dec 28 (APP): Zohran Mamdani, who is set to assume office and become New York City’s first Muslim mayor on January 1, will take his oath on the holy Quran, according to reports.

He will replace Eric Adams, the current mayor, whose term ends on December 31, 2025.

Uganda-born Mamdani, 34, a Democratic Socialist and former state New York State assemblyman, won the mayoral election on November 4, 2025.

His inauguration will be a two-part event, including a midnight ceremony where New York Attorney General Letitia James will administer the oath, followed by a public ceremony later in the day. According to media reports, Mamdani plans to take his oath on the holy Quran.

Mamdani campaigned on a platform focused on affordability, which included plans for fare-free buses, universal childcare, and a rent freeze on regulated apartments.

Senator Bernie Sanders, also a democratic socialist, will swear in Mamdani at the public ceremony to be attended by thousands of New Yorkers.

Sanders praised Mamdani for running an “inspirational” campaign and being a “visionary” leader when he endorsed him in June.

Mamdani defeated former New York Governor Andrew Cuomo last month with 50.8 percent of the vote compared to Cuomo’s 41.3 percent.

More than 1.1 million New Yorkers voted for Mamdani, who became the first mayoral candidate to win more than 1 million votes across the Big Apple since 1969.