24/7 News – What is Happening Around US

Foreign investments in the Pakistan Investment Bonds (PIBs) brought net inflows of $256 million during the fiscal year (FY) 2021, according to the data issued by the State Bank of Pakistan (SBP). The PIBs attracted $227.5 million in FY2021 while the outflow was recorded at 21.5 million. ALSO READ First REIT in Six Years to be Launched for a Project in Karachi However, despite being substantial, the inflows in equities and T-bills were less than the outflows, which resulted in negative figures for the two segments. Long-term domestic bonds (PIBs) remained the most attractive investments for foreign investors because of their…

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Soon after we saw official-looking renders for the Z Flip 2, we now have a new set of images for the Samsung Galaxy Z Fold 3. These images are no different from what we have seen before, but they showcase more angles and color options for the foldable device. ALSO READ Samsung Galaxy Z Flip 2 Leaked Images Reveal More Details The new leak cites an inside source and it reveals images from almost all angles. According to these images, Samsung Galaxy Z Fold 3 will be available in Green, Black, and White color options and all of them will…

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The England and Wales Cricket Board (ECB) has announced that the second ODI between Pakistan and England at Lord’s Cricket Ground will be played in front of a full-capacity crowd. The third and final ODI of the series is scheduled to be played on 13 July. ALSO READ Azhar Mahmood Picks Pakistan’s Next Head Coach This will be the first time since September 2019 that England’s national side will play in front of a full house. The decision to allow the full-capacity crowd for the second ODI was taken after the event was included in the UK government’s Event Research…

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The divisional administration has revised the Project Concept (PC-I) of the Rawalpindi Ring Road and has submitted it for approval to the provincial government. According to the details, the 38 km long old alignment of the road from Grand Trunk (GT) Road to Thulian has been restored, and the work on the Ring Road project will begin from August after the approval of the government. ALSO READ DRAP Approves Another Made in Pakistan Ventilator According to the spokesperson for the divisional administration, the project is expected to be approved, and the Ring Road will begin at GT Road in Rawat and…

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Former batting coach, Younis Khan, revealed the reason behind his sudden resignation from the post. Khan revealed that his relationship with the Pakistan Cricket Board (PCB) took a hard turn as they demanded him to join the bio-secure bubble on 20 June. ALSO READ Saqlain Mushtaq Weighs in on Younis Khan’s Replacement Khan said that he already had a dental appointment on 21 June and had no prior knowledge of the date to join the bio-secure bubble. Khan revealed that the PCB official informed him that he would not be able to join the Pakistan squad for the tour of…

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Several foreign airlines have canceled their flights due to capacity restrictions, leaving hundreds of passengers intending to fly and out of the country in limbo. Taking notice of a large number of flight cancelations, the Civil Aviation Authority (CAA) has blamed it on foreign carriers saying that it had not canceled any single flight. A statement from the aviation authority maintained that the foreign airlines had made overbookings despite knowing the passenger limit. ALSO READ Govt Notifies Increase in Petrol Prices It said that the airlines scheduled extra flights and took extra bookings anticipating ease in travel restriction by authorities.…

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Chief Minister Punjab, Sardar Usman Buzdar, has announced 13,000 new vacancies in Punjab Police. Addressing the Punjab Assembly, CM Punjab said the decision was taken to address the shortage of police force that has resulted in impediments to active patrolling and vigilance duties. ALSO READ KFC Trolls McDonald’s With the Cheekiest Marketing Stunt Ever in Karachi He lauded Punjab Police and revealed the department has solved all high-profile cases including the Johar Town bomb blast that killed at least three people and injured several others. Punjab government has established 54 new police stations and 37 training centers, disbursed funds for…

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The public-private collaborative approach is supporting Pakistan’s progress towards digitalization but more needs to be done to connect close to 50 percent offline population with high-speed internet. This was the crux of the discussion by guest speaker Aamir Ibrahim, the CEO of Jazz, during the session ‘Pakistan’s Digital Outlook’ that was hosted as part of a larger roundtable called ‘Realizing the Digital Pakistan Milestone’ by the GSMA in Barcelona, Spain. ALSO READ Cellphone Users Declined in May 2021: PTA Its participants included Julian Gorman, the Head of APAC GSMA, and representatives of the local telecom industry. Ibrahim highlighted the challenges…

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After six years, Pakistan is preparing to launch a real estate investment trust (REIT) as part of the incumbent government’s efforts to promote the construction industry in order to stimulate the economy. According to a Bloomberg report, Arif Habib Dolmen REIT Management Pvt. will issue two REITs to raise Rs. 8 billion ($51 million) via private placements. They will be launched for a housing project in Karachi. One of these will be aimed at villas, and the other for apartments and commercial buildings. ALSO READ CCP to Hire Experts in 12 Fields to Improve Performance Arif Habib Dolmen had also…

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