24/7 News – What is Happening Around US

The Pakistani government and the K-Electric (KE) have finally agreed to sell off the KE to Shanghai Electric Power (SEP) after years of a standstill over the issue. In 2005, Dubai-based private equity firm Abraaj Group, Saudi business group Aljomaih Holdings, and National Industries Group (NIG) of Kuwait had bought a 66.4 percent stake in KE. The government holds 24.36 percent shares in KE. In 2016, the UAE consortium that holds the majority stake of the shares, decided to sell its stake to SEP. However, the transaction could not go through due to outstanding payment issues with the government. The…

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The Pakistan government has proposed to add Pakistan Post to the list of Amazon’s delivery partners across the country. It is expected that Pakistan would join the global e-commerce giant’s sellers list in a week and add Pakistan Post to its delivery partners for parcels. Ayesha Humaira, the commerce joint secretary, informed that Pakistani sellers must provide quality products because the sold items will be refundable in case of any complaints. She also revealed that further developments will be made after Eidul Fitr. “Those who don’t ensure the quality of their products would have their Amazon seller account blocked,” she…

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Canadian health officials have started the review of the research on mixing COVID-19 vaccines as they believe that administering mixed vaccine jabs can boost the immunity manifold. The development follows the announcement of the National Advisory Committee on Immunization (NACI) which stated the AstraZeneca’s COVID-19 vaccine was not the preferred vaccine because it had been linked with rare blood clots in the brain. ALSO READ Pakistan’s Exports to EU Cross $7 Billion in 10 Months of FY2021 NACI issued the warning after hundreds of thousands of Canadians had already received the initial dose of AstraZeneca’s COVID-19 vaccine. The recipients of…

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Pakistan’s textile exports are likely to increase considerably, by nearly $16.5 billion, during the fiscal year 2020-21 (FY21), making a total export value of $27 billion in the same financial year. The July-March figures showed that growth in textile and clothing exports came from the value-added sector. The value of exports reached $11.35 billion in the July-March period this year, against $10.41 billion over the corresponding months of last year, showing a growth of 9.06 percent. The consistent export of the textile sector could continue to grow up to $20 billion in the next financial year, thereby pushing the values…

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