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  • “Goodbye masks” – Hungary to lift most COVID-19 curbs

    Hungary will lift most remaining COVID-19 curbs, including a night-time curfew, as soon as the number of those vaccinated reaches 5 million this weekend, Prime Minister Viktor Orban said on Friday.

    Orban told state radio that masks would no longer need to be worn in public, and gatherings of up to 500 people could be held in the open air, with events in closed spaces open to though to people with vaccination cards.

    “This means we have defeated the third wave of the pandemic,” Orban said, adding that the time has come to say “goodbye to masks” in public places.

    Hungary is the only EU country to have approved and used Russian and Chinese vaccines in large quantities before the European Medicines Agency has examined or approved them.

    This has enabled it to reach one of the EU’s highest inoculation rates, with 50% of its population of around 10 million having already had at least one shot.

    Most aspects of its service industry are already back in operation, including hotels, restaurants, spas, theatres, cinemas, gyms and sports venues.

    The economy shrank by 5% last year, and Orban, who faces elections in 2022, said this year’s GDP growth could be higher than the government’s current projection of 4.3%.

    He reiterated that the government has decided to extend a COVID-19 loan repayment moratorium until the end of August, in order to allow banks and the government to continue talks and hammer out plans regarding the future of the moratorium.

    Lower-income borrowers would have to be supported further on, he said, without going into details.

  • ECC approves agreement with K-Electric for clearance of dues: sources 

    ECC approves agreement with K-Electric for clearance of dues: sources 

    ISLAMABAD: Economic Coordination Committee (ECC) meeting headed by Finance Minister Shaukat Tarin on Friday approved an agreement with the K-Electric for clearance of its dues, ARY NEWS reported.

    According to details, the meeting mulled over a 12 point agenda including recommendations for clearance of receivables and payables with K-Electric and decided to give go-ahead for signing an agreement with the sole power distributor in Karachi in this regard.

    The meeting decided to defer a summary allowing approval of funds for the second phase of the Ehsaas Emergency Cash program for the next meeting.

    “The agenda regarding exemption of turnover tax in special economic zones was also deferred,” the sources having knowledge of the ECC proceedings said.

    Read More: ECC approves payment of Rs89 billion to 35 IPPs

    The meeting approved an allocation of gas from Well NF HOR-1 to third parties, allocation of additional funds during the ongoing fiscal year (2020-21) in respect of development schemes of Ministry of Housing and Works, and TSG of Rs 85 million for payment of court fee in a case by Ministry of Industries and Production.

    Furthermore, a Petroleum Division’s proposal for approval of TSG during the current fiscal year for the supply of gas to Allama Iqbal Industrial City Special Economic Zone (SEZ) and Ministry of Defense and Production summary for approval of Technical Supplementary Grant (TSG) to the tune of Rs100 million from Development Budget of Ministry of Defence Production for Project Management Cell for Gwadar Shipyard was also approved by the ECC in its meeting today.

  • The race to find a COVID-19 treatment pill

    The race to find a COVID-19 treatment pill

    In early 2020, as a new deadly coronavirus began spreading around the world, Pfizer assembled what it called a “SWAT team” of scientists and chemists to identify a potential treatment to fight COVID-19.

    The US pharmaceutical giant, which had begun exploring a vaccine, also wanted to produce a pill that could stop the infection from progressing, similar to how the widely-used Tamiflu drug fights influenza. The team scoured Pfizer’s library of molecules looking for unused compounds to help jumpstart the process, and quickly identified a promising candidate.

    More than a year later, Pfizer has yet to embark on large-scale human trials of a COVID-19 oral treatment – something it says it hopes to start by July.

    Pfizer and its rivals, including U.S.-based Merck & Co and Swiss pharmaceutical Roche are racing to produce the first antiviral pill that people could take at early signs of the illness. Their shared goal: filling a key treatment hole by helping people recently-infected with coronavirus to avoid becoming seriously ill and needing hospitalization.

    But after almost 18 months of the pandemic, there is still no easy-to-administer treatment proven to be effective against COVID-19, the disease caused by the coronavirus. That is despite the development of a number of effective COVID-19 vaccines, including one from Pfizer and German partner BioNTech SE, which in December became the first to gain authorization for use in the United States.

    Pfizer’s experience underscores the challenges drugmakers face in developing an oral treatment for the virus. Unlike a vaccine, which needs only to trigger the body’s own immune system, an effective antiviral pill must block a virus from spreading throughout the body while also being selective enough to avoid interfering with healthy cells.

    Testing antivirals is also difficult, drug company executives say. A drug needs to be given early in the course of an infection, which means finding trial participants who have recently contracted COVID-19. Many people infected with the virus develop only mild symptoms, but studies need to prove that a drug has a meaningful impact on patient health.

    Pfizer Chief Executive Albert Bourla has said the company could seek emergency authorization in the United States for a COVID-19 pill as soon as late this year.

    “Right now we have very good reason to believe that we can be successful,” Bourla told an economic forum in Greece via video conference last week.

    Pfizer and its rivals say the development process has been much faster than the several years it typically takes to produce a drug that can be taken as a pill.

    Merck and Roche recently started late-stage human trials and have also said their drugs could be ready by later this year. Merck is developing its drug in partnership with biotech Ridgeback Biotherapeutics and Roche is working with Atea Pharmaceuticals.

    Governments around the world have poured billions of dollars into vaccine development, but Pfizer, Merck and Roche say they have not received government funding to develop oral antivirals for the disease.

    ‘HUNT FOR THE NEXT TAMIFLU’

    While the rate of new COVID-19 infections is currently in retreat in some countries, others continue to struggle with a rapid spread of the virus. And with vaccines in short supply in many countries, much of the world will not be vaccinated for several years. Many people also remain reluctant to take vaccines.

    Scientists forecast that COVID-19 – which has killed more than 3.5 million people globally – could become a seasonal disease similar to influenza.

    “We need a pill that can keep people out of the hospital,” said Dr. Rajesh Gandhi, a professor and infectious disease specialist at Harvard Medical School.

    Doctors have tried a number of existing oral drugs in fighting COVID-19, but none of them have succeeded yet in rigorous clinical testing.

    Currently, the only treatments shown to help COVID-19 patients avoid hospitalization are antibody drugs that require lengthy intravenous infusions and work less well against variants of the coronavirus.

    Pfizer and its rivals say their oral antiviral candidates could be effective against a broad spectrum of coronavirus variants, but no relevant data has been made public.

    For patients already hospitalized with COVID-19, treatment often involves steroids or anti-inflammatory drugs to manage symptoms of the infection, but these medications do not target the virus itself. The only antiviral drug approved in the United States to treat COVID-19 is Gilead Sciences Inc’s remdesivir, which is delivered intravenously and used only for hospitalized patients.

    Gilead is currently testing an inhaled form of remdesivir and is exploring other compounds that may be effective oral agents.

    “We are all on the hunt for the next Tamiflu,” said Gilead Chief Medical Officer Merdad Parsey.

    Tamiflu is recommended for people who have had flu for no more than two days and has been shown to shorten the duration of flu symptoms.

    EU pfizer covid-19 vaccine

    ‘CHEMISTRY MASTERPIECE’

    Pfizer’s scientists and chemists began hunting for an antiviral treatment in January last year. They quickly zeroed in on a compound from 2003, when the company had sought a treatment for the first global SARS pandemic, said Charlotte Allerton, Pfizer’s head of medicine design.

    The compound belongs to a class known as protease inhibitors, designed to block a key enzyme, or protease, essential to the ability of the coronavirus to multiply. Similar drugs are used to treat other viral infections such as HIV and hepatitis C, both on their own and in combination with other antivirals.

    Pfizer’s scientists hit an early stumbling block. Laboratory testing showed the drug candidate was active against the novel coronavirus, known as SARS-CoV-2, but concentrations were not strong enough to combat the virus in humans, Allerton said.

    Pfizer continued working with the active component of that compound to formulate a drug that could be given intravenously. But antivirals are most useful if you catch a disease early, “and that isn’t easy with an IV drug,” said Allerton.

    In March 2020, Pfizer scientists also started designing a new compound that could be absorbed through the stomach and taken as a pill, which they finalized in July, according to Allerton.

    Discovering a protease inhibitor that could be delivered orally was “a bit of a chemistry masterpiece,” said Pfizer Chief Scientific Officer Mikael Dolsten.

    Antivirals are more complex to develop than vaccines because they have to target the virus after it is already replicating inside human cells, without damaging healthy cells. COVID-19 vaccines typically teach the human immune system to recognize and attack a portion of the “spike” protein that is specific to the coronavirus.

    A COVID pill would likely be taken for only a few days, but drugmakers have had to move slowly to ensure safety.

    singapore pfizer covid-19 vaccine

    TRICKY TRIALS

    The Merck and Roche drug candidates use different mechanisms to Pfizer’s, and to each other, to disrupt the replication machinery of the virus. But the companies share similar challenges in testing.

    One is ensuring a patient receives the drug soon after infection with COVID-19. “It’s all about treating as early in the disease process as possible, when the virus is expanding,” Pfizer’s Dolsten said.

    And with vaccination rates high in some regions, trials have to be located in countries where COVID-19 is still on the rise.

    In March of this year, Pfizer began early-stage human trials in the United States of its experimental oral COVID-19 treatment, known as PF-07321332. It followed a separate trial by the company of the intravenous drug started last fall.

    Dolsten declined to comment on how the pending late-stage trials of either drug will be structured.

    Merck’s antiviral drug candidate, called molnupiravir, recently had a setback. The company said last month it would not pursue its use in hospitalized patients. But Merck said it was moving the drug into late-stage trials of a narrow group of non-hospitalized patients – specifically those who have had symptoms for no more than five days and with at least one risk factor for serious disease, such as advanced age, obesity or diabetes.

    Merck said it could have definitive data by September or October.

    Roche and its partner Atea are also limiting participation in their recently launched late-stage trial of their AT-527 drug to COVID-19 patients experiencing symptoms for less than five days. Atea said final trial results are expected before the end of this year.

  • Israeli police opens fire on Palestinians at Al-Aqsa compound

    Israeli police opened fire on Palestinians at Jerusalem’s Al-Aqsa mosque compound on Friday, hours after the truce between Hamas and Israel.

    AFP news agency’s reporters at the compound in Jerusalem’s Old City said clashes were ongoing.

    Police have fired rubber bullets and used stun grenades at the site, according to an AFP reporter.

    Related

    Israel and Hamas announce Gaza ceasefire

    Days of Israeli violence at Al-Aqsa during Islam’s holy fasting month of Ramadan led Hamas to demand Israeli forces vacate the compound by 6:00 pm (1500 GMT) on May 10. Hamas then fired rockets at Jerusalem when the deadline expired.

    Israel then commenced a heavy aerial campaign in Gaza. A ceasefire to end the Gaza hostilities appeared to be holding on Friday.

  • Sindh revises eligibility criterion of stipend for female students

    KARACHI: Sindh’s School Education and Literacy Department has revised the eligibility criterion for provision of an annual stipend to female students.

    “With the approval of competent authority i.e. Honourable Chief Minister Sindh, the School Education & Literacy Department is pleased to revise Girls Stipend eligibility criteria for Academic Year 2020-21,” a notification issued by the department read.

    According to the notification, female students in classes 6, 9 and 10 will be eligible for the stipend and those with 35% attendance in two months of the academic year 2020-21 i.e. October and November 2020 will be given the stipend.

    Also Read:  Waseela Taleem program: ‘Stipend amount increased for deserving students’

    The stipend is aimed at encouraging girls to pursue their education.

    Earlier, Special Assistant to the Prime Minister on Social Protection Dr. Sania Nishtar said Waseela-e-Taleem, aiming to tackle low enrollment rates, is being expanded to the secondary education level.

    Currently, there are 18.7 million out-of-school children, in the age group of 6 to 16 in the country, she added.

  • Oil drillers and Bitcoin miners bond over natural gas

    Oil drillers and Bitcoin miners bond over natural gas

    On US oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot into electricity.

    The trailers – carrying pipes, generators and computers – are called “mining rigs.” But their owners aren’t there to drill for oil. They are using stray natural gas unwanted by oil companies to power their search for another treasure: cryptocurrencies like Bitcoin.

    Cryptocurrencies are virtual coins exchanged without middlemen, such as central banks, to purchase goods and services. Extracting the currency from cyberspace, however, requires vast amounts of often-expensive electricity. Supercomputers must run constantly in a race against other “miners” to solve complex math problems in order to unlock digital vaults holding the currency.

    Placed in mobile trailers, these supercomputers run as hot as 160 degrees Fahrenheit (71 degrees Celsius), and in the cold of western North Dakota, people stay warm just by sitting near them, cryptocurrency miners say.

    The miners are increasingly sending these rigs out to oil fields because it’s one of the cheapest ways to obtain the energy they need. Oil and natural gas come from the same wells, but at these sites, drillers are seeking crude oil and have no pipelines to get the gas to market. That typically forces them to burn it off in a process called flaring – creating carbon dioxide emissions – or to vent it into the atmosphere directly as methane.

    “The sweet spot for us is stranded, low volumes of gas that don’t justify a pipeline,” said Steve Degenfelder, land manager at Wyoming-based producer Kirkwood Oil and Gas LLC, which has formed an alliance with Bitcoin miners.

    Oil companies face pressure from investors and government officials to reduce emissions that lead to global warming. Sometimes they give the gas away for free to cryptocurrency miners; other times they sell it.

    “Oil and gas companies don’t like to flare their gas – that’s money that’s burning away,” said Degenfelder, which works with miners connected to EZ Blockchain, a Chicago-based energy and technology company, to cut flaring at some of its 600 oil wells across the Rocky Mountains.

    HIGHLY UNCERTAIN

    Some environmental advocates and investors say cryptocurrencies are not a long-term solution to unwanted natural gas emissions, both because the currency’s future is highly uncertain and because Bitcoin and other cryptocurrency companies produce their own emissions.

    The global Bitcoin industry’s overall C02 emissions have risen to 60 million tons, equal to the exhaust from about 9 million cars. That’s up from 20 million tons from two years ago, according to a March report by Bank of America analysts.

    Values of Bitcoin, the best known cryptocurrency, plunged from record highs after billionaire Elon Musk tweeted that his electric car company Tesla Inc would no longer take the virtual coins as payment, citing concerns over “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” The currency plunged in value over two weeks before starting to recover Thursday.

    Andrew Logan, senior director of oil and gas at Ceres, the Boston-based clean-energy investor group, said there are better ways to use stranded gas, including to power hospitals and schools. However, that would require building pipelines to carry the product out of the oil patch, he said.

    “I think we need much more durable and long-term solutions that really bring that gas to market and let it be used for whatever its highest purpose is,” he said.

    Proponents say the new oil-cryptocurrency alliances in North America move mining for virtual coins away from Asia, home to more than 60% of such operations, which largely rely on coal-powered electricity. Coal combustion produces roughly twice as much C02 as natural gas.

    “It helps cut emissions at (an oil) producer level, but also globally by reducing mining in parts of the world where coal is likely the power source,” said Mark Le Dain, vice president of strategy at oil and gas software company Validere Technologies Inc, which tracks energy molecules and their use.

    Environmental advocates and some investors note, however, that the harmful emissions don’t disappear – they are transferred from one industry to another.

    “It’s not like you’re eliminating the emissions, it’s that you’re turning them into this other thing, Bitcoin,” Logan said.

    CATCHING IMAGINATIONS

    The allure of Bitcoin remains for miners despite the challenges of cryptocurrency markets. Even after the recent price crash, a single Bitcoin was worth more than $40,000 on Thursday – almost 90 times its value five years ago, according to Refinitiv Eikon data.

    Some cryptocurrency mining companies say the mobility of their natural gas-fueled operations is key, giving them flexibility to draw natural gas from different sites as it becomes available.

    “The idea that you could plug in these (computers) and then take them somewhere else just really caught my imagination,” said Haley Thomson, a former electricity trader and president of new cryptocurrency mining company Imperium Digital.

    A variety of business models have been born. In some cases, cryptocurrency miners pay the oil firms for their natural gas wholly or in part using the coins they mine. In the case of Kirkwood, EZ Blockchain uses stranded natural gas to make Bitcoin, giving it all to Kirkwood. EZ Blockchain makes money by supplying equipment and mining services for a fee.

    Industry experts and academics who study energy uses say there are fewer than 10 large-scale Bitcoin mining companies in North America that run on stranded natural gas. Many cryptocurrency miners run smaller operations in the United States and Canada – some fueled by a single well.

    But some major oil companies have signed on.

    In North Dakota, a top oil-producing state, Norway’s Equinor and Canada’s Enerplus are among those that have used such mining to reduce flaring, company spokespeople confirmed to Reuters.

    Denver-based Crusoe Energy Systems Inc is one of the continent’s largest Bitcoin mining companies using otherwise stranded gas. It expects to double its current staff of 55 this year, said Cully Cavness, co-founder and a former oil and gas engineer.

    Crusoe has about 40 mobile containers in oil shale basins. It plans on increasing that number to 100 after receiving $128 million in financing last month from investors including Chicago-based firm Valor Equity Partners LP and Lowercarbon Capital.

    Crusoe’s partners have included Kraken Oil & Gas Partners, which produces about 10,000 bpd of oil, making the company the largest oil producer in Montana.

    “We’re going to need a lot more people,” Cavness said.

    Meanwhile, government regulations and incentives are in the offing that could benefit oil and cryptocurrency companies.

    The U.S. Senate passed a measure in April to reverse former President Donald Trump’s weakening of methane emission regulations. That could fuel the use of Bitcoin mining to cut flaring, academic experts said. Lawmakers in Texas and New Mexico also are looking to crack down on emissions.

    North Dakota and Wyoming this year passed laws that give tax breaks to oil producers that provide gas to cryptocurrency and other data miners that would otherwise have been flared.

    “I think it’s gonna be a big chunk at what we look at for the future in North Dakota,” said state Senator Dale Patten, who authored North Dakota’s bill.

  • Balochistan govt notifies reopening of educational institutes after NCOC decision

    Balochistan govt notifies reopening of educational institutes after NCOC decision

    QUETTA: Balochistan government has decided to reopen educational institutes in the province except for Quetta following a decision from National Command and Operation Centre (NCOC) after COVID-19 cases witnessed a decline nationwide, ARY NEWS reported on Friday.

    According to a handout issued by the provincial education department, the educational institutes will remain shut in Quetta owing to an National Command and Operations Centre (NCOC) decision recommending closure in areas reporting more than a five per cent positivity ratio.

    The National Command and Operations Centre (NCOC) has allowed the reopening of educational institutions in districts where the Covid-19 positivity ratio is less than five per cent.

    Moreover, the NCOC also announced that all SSC and HSSC exams will be held after June 20, while conducting professional and non-professional exams would take place on a case-to-case basis on recommendations from the Ministry of Education.

    Read More: Exams can now be conducted in Pakistan, says Shafqat Mahmood

    In order to ensure a minimize threat of COVID-19 spread in schools, the federal government announced vaccinating teachers. Taking to his official Twitter account, the federal education minister said that the government has decided to give priority to teachers in vaccination.

    “The target is that all teachers especially those conducting examinations should have complete vaccination,” he added.

  • NA speaker, Shehbaz Sharif leads rallies to express solidarity with Palestinians

    NA speaker, Shehbaz Sharif leads rallies to express solidarity with Palestinians

    ISLAMABAD: Speaker National Assembly Asad Qaiser and Opposition Leader in National Assembly Shehbaz Sharif on Friday lead separate rallies to express solidarity with Palestinians to mark Palestine Solidarity Day, ARY NEWS reported.

    The speaker led a peaceful march to express solidarity with Palestinians against Israeli aggression and said that Parliament has become the voice of the entire nation. “The Parliament approved a joint resolution ahead of Shah Mahmood’s departure to address UN session to express solidarity with people of Gaza,” he said.


    Asad Qaiser said that they should now stand for the atrocities faced by both Palestinians and Kashmiris. While lauding the ceasefire between Hamas and Israel, the speaker said that no one could suppress the voice of Palestinians.

    “This is the issue of the entire Muslim Ummah,” he said.

    The opposition parties in the National Assembly led by Shehbaz Sharif also marched towards the UN office in Islamabad and handed over a resolution in favour of the Palestinians.


    Speaking to the marchers, Shehbaz Sharif said that Israel martyred innocent people including women and children during days of violence against Palestinians in the Gaza strip besides also leveling buildings to the ground.

    Read More: https://arynews.tv/en/nation-observes-palestine-solidarity/

    “We have submitted the resolution passed by the National Assembly to a representative of the United Nations,” he said adding that the resolution was the reflection of the emotions of entire Pakistan.

    He urged the UN to implement its resolutions so that peace and calm could return globally. “There could be no peace unless these issues are resolved,” he said while marking the Palestine Solidarity Day.

  • Tehreek-e-Insaf will never mete out injustice, Buzdar assures Tareen group MPAs

    Tehreek-e-Insaf will never mete out injustice, Buzdar assures Tareen group MPAs

    LAHORE: A seven-member delegation of the Jahangir Tareen group met Punjab Chief Minister Sardar Usman Buzdar in Lahore on Friday and reposed their complete trust in his leadership.

    The delegation comprised Saeed Akbar Khan Nawani, Ajmal Cheema, Nauman Ahmad Langrial, Zawar Hussain Warraich, Nazeer Chauhan, Umar Aftab and Awn Chaudhry.

    MPA Saeed Akbar Khan Nawani said: “We are one and will remain so”.

    Also Read: Government, Jahangir Tareen group reach agreement

    “We have complete trust in your leadership. You are our chief minister and we have come to you for resolution of our issues,” the lawmaker said, pointing to the CM.  “The PTI is our party with whom our unconditional association will continue.”

    CM Sardar Usman Buzdar said we are united under the leadership of Prime Minister Imran Khan. “We have never meted out injustice to anybody and will never do so. Politics of vengeance is not our thing.”

    Assuring the MPAs of addressing their legitimate grievances, the chief minister said the party’s name is Tehreek-e-Insaf and we believe in the dispensation of justice.

    Also Read: ‘Tareen group’ appoints its parliamentary leaders in PA, NA: sources

    Speaking to the media after the meeting, Nauman Ahmad Langrial said they believed that the prime minister won’t allow any injustice to be meted out to them. “Our meeting with CM Usman Buzdar remained productive,” he said.

    “The chief minister listened to our grievances and issued directives for their redressal,” the MPA said.

  • Armeena Khan shares heartwarming ‘language of love’ with husband

    Armeena Khan shares heartwarming ‘language of love’ with husband

    It’s not even Valentine’s Day and love is in the air for actor Armeena Khan and husband Fesl Khan – as it should be!

    Armeena recently shared a heartwarming moment between her and her husband of one year Fesl, opening up about how small acts of love and care define their love language.

    Posting a picture of herself donning big, chunky earrings and Fesl holding them up to relieve pressure from her ear lobes, Armeena relayed, “My beautiful earrings were chunky and heavy. I wore them with great difficulty, my ears could not sustain the weight. I held them for as long as possible with my hands at first while the hair artist fixed my hair.”

    The 34-year-old went on to explain how after a certain point, her hands got tired, and she didn’t even have the option of taking the earrings off as putting them back on would’ve been painful. That’s where Fesl came in to help his ladylove.

     

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    A post shared by Armeena Khan (@armeenakhanofficial)

    ” I thank the Creator for giving me this kind human being as a partner. This to me is the language of love,” she stated.

    Replying to her lengthy post, Fesl took to the comments section to pack on even more sweet PDA. “I’ll hold your earrings anytime you need me to. Tomorrow I’ll buy some little studs instead. How about that?” he said.

    Can the two be any more adorable? What do you think of Fesl’s sweet gesture?