24/7 News – What is Happening Around US

The Pakistan Meteorological Department (PMD) has refuted Deputy Commissioner (DC) Islamabad’s claim that a cloudburst caused flash flooding in the federal capital earlier today. The people of Islamabad woke up to heavy rains on Wednesday that wreaked havoc in the twin cities, forcing the authorities to seek the military’s assistance in rescue efforts. While DC Islamabad linked it to a cloudburst, the PMD negated the statement. Cloudburst in Islamabad has caused flooding in various areas. Teams are clearing nullahs/roads. Hopefully we will be able to clear everything in an hour. Everyone is requested to plz cooperate and restricted unnecessary movement…

Continue Reading

The Federal Board of Revenue (FBR) has exempted 17 percent sales tax on import of 30 million adult 3xply knit face masks as a donation by M/s c. North Carolina, the USA to Government of Punjab. ALSO READ ECC To Finalize 5-Year Trade Policy Framework In Next Meeting In this regard, the FBR has issued an S.R.O. 1372 (1)/2021 here on Wednesday. ALSO READ FBR Notifies the Committee for Integration of Businesses The exemption would be available on one-time basis only for this specific consignment, as per the Federal Government’s decision in Case No. 648/Rule-19/2021, dated July 19, 2021, FBR…

Continue Reading

Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet (through a video link) today. Governor State Bank of Pakistan Dr. Reza Baqir joined the meeting through a video link. ALSO READ NEPRA Reduces Power Tariff The ECC considered a summary presented by the Ministry of Commerce regarding the Strategic Trade Policy Framework (STPF) for 2020-25 to enhance the export competitiveness of Pakistan through a framework of policy interventions. The proposed STPF 2020-25 also includes a monitoring and implementation mechanism. The underlying rationale is to enhance exports as a…

Continue Reading

The increased use of information and communication technologies has enhanced the global connectivity, mobility, and versatility of digital services. However, at the same time, it has exposed information assets to a host of new and evolving Cyber Security threats. The Fourth Industrial Revolution has made these assets highly valuable. Simultaneously, with the organic growth and proliferation of the internet, some worrisome trends in the use of cyberspace have also emerged. ALSO READ All You Need to Know About the Ad Policy for Print, Electronic, and Digital Media The concerns over safety and security potentially impede the objective of accelerated development…

Continue Reading

Advanced Micro Devices (AMD) reportedly earned $3.9 billion in revenue during the second quarter of 2021, marking a huge 99% year-on-year growth as the company inches closer to its preferred gross margin of 50%. According to AMD’s earnings results for the quarter, the high-performance processor maker netted $1.8 billion after deducting the cost sales from the main sheet, thereby posting a 2% higher gross margin in Q2 (48%) than Q1 (46%). ALSO READ Redmi Phones With Snapdragon 8 Series and Dimensity 1100 Chips in the Works AMD credits its monumental revenue growth during the second quarter to big sale numbers…

Continue Reading