Take a look at the 'Karachi' of Russia

Haider Ali 03:33 PM | 17 Nov, 2017
Take a look at the 'Karachi' of Russia
MOSCOW - Believe it or not, there is a lake in Russia named 'Lake Karachay', often spelled as 'Lake Karachi', although it has no connection with the Pakistani port city, Karachi.

Ozero Karachi is a natural lake that emerged in 1951 covering a surface area of 3 km2 having an average depth of 3 meters (10 feet).

It boasts a total water volume of 0.01 km3 and has a total shoreline of 7 kilometers.

The lake, which sits at an elevation of 100 meters (329 feet), drains a watershed that covers 731 km2 and has a residence time of 197 days.

Ozero Karachi also holds historical importance as the Soviet Union used it as a dumping site for radioactive waste from Mayak, the nearby nuclear waste storage and reprocessing facility.

Google map showing Ozero Lake

Interestingly, Pakistan's metropolis Karachi also holds distinction in terms of pollution but the Russian lake is one of the most polluted places on Earth as it accumulated some 4.44 exabecquerels (EBq) of radioactivity over less than one square mile of water, including 3.6 EBq of caesium-137 and 0.74 EBq of strontium-90.

The sediment of the lake bed is estimated to be composed almost entirely of high-level radioactive waste deposits to a depth of roughly 11 feet.

As of December 2016, the lake's status is completely infilled, using special concrete blocks, rock, and dirt. It had been completely backfilled in November 2015, then monitored before placing the final layer of rock and dirt.

Monitoring data showed 'clear reduction of the deposition of radionuclides on the surface' after 10 months

The name 'karachay' or twisted as Karachi means 'black water' or 'black sea' in several Northwestern Turkic languages, including Tatar.

Haider Ali

The writer is a civil servant.


Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.

This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.

According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.

The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.

In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”

Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.

Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.

Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 229,000 PKR 2125
Karachi PKR 229,000 PKR 2125
Islamabad PKR 229,000 PKR 2125
Peshawar PKR 229,000 PKR 2125
Quetta PKR 229,000 PKR 2125
Sialkot PKR 229,000 PKR 2125
Attock PKR 229,000 PKR 2125
Gujranwala PKR 229,000 PKR 2125
Jehlum PKR 229,000 PKR 2125
Multan PKR 229,000 PKR 2125
Bahawalpur PKR 229,000 PKR 2125
Gujrat PKR 229,000 PKR 2125
Nawabshah PKR 229,000 PKR 2125
Chakwal PKR 229,000 PKR 2125
Hyderabad PKR 229,000 PKR 2125
Nowshehra PKR 229,000 PKR 2125
Sargodha PKR 229,000 PKR 2125
Faisalabad PKR 229,000 PKR 2125
Mirpur PKR 229,000 PKR 2125


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