24/7 News – What is Happening Around US

The world’s largest cargo aircraft, Antonov An-225 Mriya, had made a technical stopover at Karachi’s Jinnah International Airport for at least 21 hours last week before heading towards Cotswolds, England. The flight was a part of the NATO forces’ withdrawal process, with the cargo belly carrying military equipment and foreign soldiers from war-torn Afghanistan. The transfer of supplies had also generated significant revenue for Pakistan as the Civil Aviation Authority (CAA) was paid more than Rs. 50 million in cargo bills, as per its NATO equipment document. ALSO READ FBR Tightens Conditions for Exporters Evading Duties and Taxes According to the…

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The KFC chain always loves to play with a variety of marketing stunts, and as history has shown, it never shies away from being brave and bold in the face of competitors such as Burger King, Pizza Hut, and McDonald’s. Long known for crispy pieces of chicken, KFC has come up with another brave advert for its “finger-lickin’ good” stuff, and this time, the ad sits comfortably on the roof of one of McDonald’s most recognizable outlets in Allah Wali Chowrangi, Karachi. While KFC has never been afraid to adopt an advertising strategy that pushes boundaries, the brand’s latest stunt…

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The Directorate of Intelligence and Investigation-Inland Revenue, Lahore, carried out proceedings under Section 25 and Section 45 of Federal Excise Act, 2005, against two industrial units manufacturing iron and steel products (steel ingot and other long profiles of steel), which were working at adjacent premises situated at Sheikhupura. This was part of a drive against steel melters and re-rollers who are involved in massive evasion of Federal Excise Duty by way of suppression of actual production and supplies and suppression of actual value of supplies in violation of sub-section 5A of section 3 of Federal Excise Act, 2005. ALSO READ…

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The Federal Board of Revenue (FBR) has withdrawn the provision of Common Identifier Number through an amendment in the Finance Bill 2021. In budget 2021-22, the FBR has introduced the concept of Common Identifier Number for promoting ease of doing business. ALSO READ FBR Achieves Historic Growth in Tax Collection According to the commentary of the tax expert, Ashfaq Tola, on the amended Finance Bill 2021, under Income Tax Ordinance, 2001, and Income Tax Rules, 2002, individuals having Computerized National Identity Card (CNIC) issued by the National Database and Registration Authority, CNIC number being used as Tax Identification National Tax…

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Pakistan women’s star all-rounder, Nida Dar, created history by becoming the first Pakistani cricketer to take 100 T20I wickets. Dar achieved the feat by picking up the wicket of West Indian batter, Deondra Dottin, during the first T20I between Pakistan and the West Indies. ALSO READ Mushtaq Ahmed Reveals Why Shadab Khan Isn’t Performing Dar finished the innings with terrific figures of 15/2 in four overs as Pakistan restricted West Indies to 136/6. Unfortunately, Pakistan’s batting unit was unable to capitalize on their strong position as they fell 10 runs short of the target. West Indies have taken a 1-0…

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The Special Assistant to the Prime Minister (SAPM) on Power and Petroleum, Tabish Gohar, has revealed that the government is taking measures to end K-Electric’s monopoly in Karachi. He declared this while speaking to the business community at the Federation of the Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday. Gohar’s remarks negated the notion that the K-Electric high-ups enjoy backing from power corridors despite their incompetence. ALSO READ Pakistan’s Mashal Aamir Wins UK’s Prestigious Lady Diana Award He said that no company should be allowed to have a monopoly. We cannot hand over a city of 250 million…

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Cybernet, one of the leading fiber broadband providers in Pakistan, announced that it has selected Vertiv solutions to support Cyber Internet Services’ (Cybernet) open-access cable landing site to be built in Karachi. Vertiv, headquartered in Ohio, USA is a global provider of digital infrastructure and continuity solutions. Vertiv will be providing holistic IT infrastructure solutions ranging from power protection, thermal management, aisle containment, data center infrastructure management (DCIM), and monitoring to the open-access cable landing systems, which aims to boost Pakistan’s internet infrastructure. Cybernet is known for providing innovative and quality connectivity solutions to the industry with its fiber broadband…

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Dubai’s real estate market is booming as investors from around the world have pumped billions in the city situated on the coast of the Persian Gulf. According to the data of the Dubai Land Department, in the first five months of 2021, Indian citizens have invested AED 6 billion in Dubai. ALSO READ Pakistan’s Mashal Aamir Wins UK’s Prestigious Lady Diana Award UK citizens have invested AED 2.9 billion, followed by Chinese and French citizens with AED 1.4 billion and AED 1.3 billion respectively. Meanwhile, Pakistani citizens have pumped AED 1.26 billion in Dubai during the first five months of…

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