24/7 News – What is Happening Around US

The Federal Board of Revenue (FBR) has allowed exporters to make domestic sales up to 20 percent of the goods manufactured from duties and taxes free input/raw materials imported under Export Facilitation Scheme 2021.” The FBR has issued an SRO.957(I)2021 here on Monday to notify the new “Export Facilitation Scheme 2021″ which will be effective with effect from 14th August 2021. Users of this Scheme will include Exporters (Manufacturers cum Exporters, Commercial Exporters, Indirect Exporters), Common Export Houses, Vendors, and International Toll Manufacturers. Users of this Scheme shall be subject to the authorization of inputs by the Collector of Customs and…

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Pakistan’s (CPI)-based inflation slowed down to 8.4 percent compared to 9.7 percent of the previous month (June, 2021) and 9.3 percent of the corresponding month of last year (July, 2020) as noted by the Pakistan Bureau of Statistics (PBS). According to the monthly review of price indices by the PBS, it increased by 1.3 percent in July 2021 on a Month-on-Month (MoM) basis as compared to a decrease of 0.2 percent in the previous month and an increase of 2.5 percent in July 2020. ALSO READ Pakistan Pays Highest Ever Price for LNG Cargo Import The National Consumer Price Index…

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Xiaomi made headlines in July when it became the second-biggest smartphone manufacturer in the world. As per a report from Canalys Research, Xiaomi overtook Apple to take the second spot on the list, and now another analyst firm IDC has also confirmed Xiaomi’s ranking. ALSO READ Xiaomi Becomes the World’s Second Biggest Smartphone Company IDC’s report ranks the top 5 smartphone companies in the world in the second quarter of 2021 based on their shipment volumes, market share, and year-over-year growth. Samsung is still the biggest smartphone maker in the world with over 59 million shipments, which is 4 million…

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Former English batsman, Kevin Pietersen, has claimed that former Pakistani pace bowler, Mohammad Amir, is one of the best fast bowlers in the world. Pietersen said that there are not many better bowlers in the world than Amir when he is on song. ALSO READ India Approaches ICC Against Kashmir Premier League Amir, who is currently a part of the London Spirit squad in the inaugural edition of ‘The Hundred’ has been of the most highly regarded bowlers in the world ever since his comeback to cricket in 2015. His recent form has been worrisome as he has been unable…

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Xiaomi’s next flagship smartphone, the Mi Mix 4, is finally expected to launch soon after years of speculation. Some rumors claimed that the device would boot MIUI 13, but Xiaomi was quick to debunk these claims. ALSO READ Xiaomi Mi 12 to Feature Snapdragon 898 and LPDDR5X RAM Wang Hua from Xiaomi’s PR department says that MIUI 13 is not ready yet as it is still being fine-tuned by the developers. Hence, there is still some time before MIUI 13 becomes official. This confirms that the Mi Mix 4 will not boot MIUI 13 out of the box, but the…

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The government has approved an increase of Rs. 1.71 per liter for petrol following a rise in prices in the international market. The Finance Division in a statement on Saturday explained that the price hike is due to a price hike in the international market. They further stated that the decision was made as per the recommendations of the Oil and Gas Regulatory Authority (OGRA).  As per the notification, the new price of petrol after an increase of Rs. 1.71 is Rs. 119.80 per liter. ALSO READ Pak Suzuki Announces 2nd Price Hike of 2021 The price of kerosene oil…

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