24/7 News – What is Happening Around US

A petition has been filed against Fawad Chaudhry in the Islamabad High Court (IHC) for his criticism of the Sindh High Court’s verdict in a tweet. According to the details, the petitioner has requested the capital court to initiate contempt proceedings against the federal minister who recently berated the judiciary for allegedly causing heavy losses in billions of rupees to the country’s technology sector.   ALSO READ Fawad Chaudhry Lashes Out At Judiciary Over TikTok Ban The petition also requested the IHC to enquire about a previous court order for the de-notifying of the appointments of Arif Usmani as the President…

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Federal Minister for Science and Technology, Shibli Faraz, has said that the Ministry of Science and Technology will make all possible efforts to remove the hurdles in manufacturing the components of the solar systems. He made these remarks while chairing a webinar on Developing Export Economy with the help of the diaspora community through the use of Science and Technology projects. This session was part of the series of efforts of the Ministry to develop contact with the Pakistani Diaspora and benefit from their expertise in modern technologies, research, and product development. Leading experts from Silicon Valley, USA, UK, Canada,…

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The Sindh High Court (SHC) has withdrawn its decision to ban TikTok, one of the most popular video-sharing applications, in Pakistan. In a decision made on Friday (2 July), the SHC reversed its decision that was made on 28 June, and has directed the Pakistan Telecommunication Authority (PTA) to unblock the application. ALSO READ FBR Withdraws Sales Tax on SIM Cards The court has also ordered the PTA to expedite its action against LGBT-related applications. The PTA has promised to dispose of all such complaints by 5 July. The SHC had previously ordered the suspension of TikTok across the country…

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Ministry of Commerce and International Trade Centre is holding six seminars to educate stakeholders about the importance of good agricultural practices and Maximum Residual Levels (MRLs) for the cultivation and export of Rice. ALSO READ Pakistan Had its Highest Ever Exports in FY 2021: Razak Dawood These seminars are being held under the ReMIT Project funded by FCDO in major rice-growing areas of four provinces. So far, these seminars have been held in Lahore on June 21, 2021, Faisalabad on June 22, 2021, Bahawalnagar on June 24, 2021, Naseerabad on June 28,  2021, and Larkana on June 30, 2021. The…

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TRG Pakistan’s associated company TRG International has completed the process of selling off the economic interest of its subsidiary eTeleQuote to a US-based company. According to the details, TRG International sold off its 80 percent stakes to Primerica. The remaining 20 percent shares will be sold out in the next four years to the financial services providers. ALSO READ [Exclusive] Pakistanis Can Now Invest in Stocks Using Just A Phone: Chairman KASB eTeleQuote is a health insurance and marketing firm with an equity value of $600 million. The company has been featured as one of the best performings by Inc.…

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Pakistan’s exports to the United Kingdom increased by 33 percent to $2.025 billion during FY2021 as compared to $1.526 billion during FY2020, as announced by the Adviser to the Prime Minister on Commerce, Abdul Razak Dawood, on Friday. ALSO READ Razak Dawood Sets Pakistan’s Exports Target at $35 Billion He tweeted that this shows an increase of $499 million, and wrote, “The UK is a very important trading partner & is the first time that our exports have crossed $2 billion mark”. The MOC is pleased to inform that our exports to the United Kingdom increased by 33% to $2.025…

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As the outbreak of pandemic is diminishing in the country and business as usual is resuming, Graana.com is invigorating the real estate market by hosting a series of Golf Floras open houses across the country. Graana.com through the open houses aims to provide the best investment advice about the upcoming project of Imarat Group of Companies – Golf Floras, and to answer all the queries in the best possible manner. People can walk in with queries related to investment and can also book their Golf Floras luxury apartment by availing of the exclusive offers. People have shown a keen interest…

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A shipment of 2.5 million doses of Moderna’s COVID-19 vaccine donated by the US President, Joe Biden, has reached Pakistan today. Earlier this week, the White House’s Press Secretary, Jen Psaki, announced that 2.5 million doses of Moderna’s vaccine will be shipped to Pakistan as part of the US President’s efforts to end the pandemic. ALSO READ Razak Dawood Sets Pakistan’s Exports Target at $35 Billion Yesterday, the Drug Regulatory Authority of Pakistan (DRAP) also granted Emergency Use Authorization (EUA) to Moderna’s vaccine. According to DRAP’s guidelines, Moderna’s vaccine is safe for use among adults aged 18 years or above.…

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The State Bank of Pakistan (SBP) has issued guidelines for private credit bureaus, asking them to ensure rapid response time to customers, including individuals, corporate and financial institutions. According to the guidelines “Dispute Resolution Mechanism for Licensed Credit Bureaus,” the acknowledgment must be sent to customers within 48 hours of receipt of the dispute/complaint. ALSO READ Foreign Investment in PIBs Brought $256 Million to Pakistan: SBP The final reply must be sent to the customer within 10 working days from the date of receipt of the dispute/complaint. If the matter requires detailed scrutiny, an interim reply should be sent to…

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The federal government has decided to establish a data center for cloud-based services in Azad Jammu and Kashmir, and Gilgit Baltistan. Sources told Propakistani that the government allocated Rs. 100 million additional funds for the establishment of a data center for cloud-based services in AJK and GB. ALSO READ FBR Enables Telcos to Adjust Withholding Tax Deductions on Import of Equipment Similarly, the government has also approved Rs. 415 million funds for the expansion of services in AJK and GB under the phase two program. Meanwhile, an amount of Rs. 83.906 million has also been approved for the expansion of…

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