24/7 News – What is Happening Around US

The Competition Commission of Pakistan (‘CCP’) has initiated an enquiry into the suspected cartelization by Primary Dealers (PDs) in the recent auctions of Market Treasury Bills (T-bills) carried out by the Government of Pakistan. A preliminary probe was undertaken due to various concerns raised with respect to the significant rise in the yields for all tenors (3, 6, and 12 months) of T-bills issued by the Government in recent auctions. The State Bank of Pakistan (SBP) in its Monetary Policy Statement issued on 14 December 2021 also termed the rise in yields unwarranted. Concerns were also expressed that since the…

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With the seventh edition of PSL just a couple of days away, the league has become the talk of the town. Recently, former Test cricketer, Muhammad Asif took to his Twitter account to express his views about the T20 league. When excessively questioned about the team he supports, the former pacer finally revealed his favorite franchise of the tournament. ALSO READ Shaheen Afridi Opens Up After Winning ICC’s Player of the Year Award Asif said that being teams of the Pakistan Super League, all sides are his favorite and he appreciates quality cricket on display by all the teams. However,…

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Pakistan Telecommunication Authority (PTA) has imposed a hefty fine of Rs. 30 million on Jazz for low quality of service in over half a dozen cities across Pakistan. PTA said that fine was imposed after Jazz failed to comply with the Quality of Services Key Performance Indicators (KPIs) in seven cities. In addition to imposing a fine, Jazz was issued the warning to improve the quality of services of licensed services so as to meet or exceed the target value of QoS parameters as per the license standards and QoS Regulations. In case of failure to comply with, legal proceeding…

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Minister for Information and Broadcasting Chaudhry Fawad Hussain on Tuesday said that Pakistan’s ranking on the Corruption Perception Index (CPI) of Transparency International dropped due to weak implementation of the law, not any financial corruption. Addressing the media after the federal cabinet meeting, he underlined that, “The concrete and specific report has not yet been published; score was reported only,” adding that, “The criteria of Transparency International for assessment is based on different issues pertaining to financial corruption, accountability, rule of law and state capture.” ALSO READ Honda Atlas Cars Pakistan’s Profits Nosedive Despite Massive Sales Fawad said the report…

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Shaheen Afridi was named Cricketer of the Year as International Cricket Council announced winners of the 2021 ICC Awards on 24 January. Bagging Sir Garfield Sobers Trophy, Shaheen Afridi became the first Pakistani to achieve the accolade. Following the announcement by ICC, the 21-year-old pacer has expressed his delight on winning cricket’s biggest title. ALSO READ Multan Sultans Unveil Their Training Kit for PSL 2022 Young fast bowler shared his sentiments through his official Twitter account. Proclaiming his belief and gratefulness, Shaheen credited the blessings of God for his incredible achievements. Afridi also thanked his teammates and family members for…

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