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The Government Lottery Office (GLO) administers Thailand’s official national lottery. Around 19.2 of 67 million Thai people played the Thailand Government lottery. They spent 76 billion baht (US$2.3 billion) on the lottery.

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Huawei Has Figured Out a Way to Improve Quantum Computers

A newly uncovered design patent from Huawei shows the company is working on a quantum computer. Quantum computing aims to solve problems that are too complex for regular computers.

These computers aim to boost internet and computing speeds by up to 10 times. They harness the properties of quantum physics to store data and perform computations. This allows them to vastly outperform the best supercomputers of today.

Chinese tech giant Huawei has been granted a patent for a new type of quantum chip. The device aims to solve the issues faced in producing quantum chipsets. As a result, it will be easier to produce and yield higher, making it easier to introduce to the mainstream market.

Rs. 750 Billion Petroleum Levy Target Could Make Petrol and Diesel Costlier

The federal government has set a target to collect Rs. 750 billion on the petroleum development levy in the next fiscal year 2022-23. The previous government had set a levy collection target of Rs. 610 billion. However, in the revised estimates, it was brought down to Rs. 135 billion.

Minister for Finance Aisha Ghaus Pasha said the government has no plan to immediately impose the petroleum development levy. She added that the focus is to remove the subsidies on petroleum products. The minister said the target is to achieve by the end of the year.

Finance Minister Arun Jaitley has said that the government may impose a levy on petroleum products, including petrol and diesel, from next year. The levy could also be imposed if oil prices decline in the international market, she said during her maiden speech at the World Economic Forum in Switzerland.

The government is projected to collect Rs. 750 billion on account of petroleum development levy in the next fiscal year 2022-23, Finance Minister Arun Jaitley has said. However, the minister did not confirm whether a commitment had been made with the International Monetary Fund (IMF).

Pakistan Completes 26 CPEC Projects Worth $17 Billion

CPEC is a flagship project of the Belt & Road Initiative (BRI), where Pakistan and China have successfully launched 56 projects on the ground. Twenty-six projects worth approximately US$17 billion have been completed, and 30 projects worth US$ 8.5 billion are under construction.

36 projects having an estimated cost of US$ 28.4 billion are also under different stages of negotiations for inclusion in the framework.

CPEC is being expanded in the following areas:

  • Trade & Market Access
  • Industrial Development & Global Value Chains
  • Socio-Economic Development & Poverty Alleviation
  • Agriculture Modernization & Marketing
  • Sciences & Technology Cooperation
  • Blue Economy
  • Regional Connectivity & Third Country Participation

The Government of Pakistan considers CPEC as a long-term development project as it has the potential to serve as a corridor with multiple doors connecting China with Central Asia, the Middle East, Africa, and Europe. Therefore, the government is expanding the scope of CPEC so that it becomes a “Gateway of Prosperity” for both countries and the region at large.

These include the Sukkur-Hyderabad Motorway, Peshawar-D.I.Khan Motorway (M-14), KKH Alternative Route (Gilgit-Shandor-Chitral) and Dir Expressway.

Samsung Galaxy Z Flip 4 Tipped to Launch in August

The Galaxy Z Fold 4 and Z Flip 4 will be the next big announcements from Samsung. Samsung will also unveil the Galaxy Watch 5 and Watch 5 Pro at an event on August 10.

Galaxy Watch 5 series is expected to include three devices in total. All watches will have Phantom Black and Silver color options, but only the vanilla Watch 5 will get Sapphire and Pink Gold. tipster says that Samsung will also unveil a Lavender color option for the Galaxy S22.

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Umar Akmal Files Complaint Against Police Officer in Rs. 11 Lakh Fraud Case

Umar Akmal has filed a complaint with the Senior Superintendent of Police (SSP) Investigation regarding the progress of the Rs. 11 lakh fraud case.

But the investigating officer Tariq has removed the accused’s name from the case file, police said.

The batsman was arrested years ago for allegedly thrashing a traffic warden, Zeshan, and tearing his uniform after being stopped for violating a signal.

Xiaomi’s Power Saving AC Claims to Cool Your Room in 30 Seconds

Xiaomi’s Giant Power Saving Pro 1.5HP can cool a room down to 60C in 30 seconds. It supports temperatures as low as -32C and goes up to 64C. The AC is only available in China for now but should arrive in other markets later.

Xiaomi’s new power-saving AC currently costs $375 in China. It can work in sync with the Mijia humidifier to maintain an ideal room atmosphere. In addition, the compressor is capable of starting at high speed, so you don’t have to wait for it to start up slowly.

FBR Issues List of Big Retailers Still Not Integrated with PoS System

The Federal Board of Revenue (FBR) has issued a list of 113 unregistered retailers (Tier-1) who are required to be integrated with its Point of Sale (PoS) system. In addition, the FBR issued sales tax general order (STGO) 18 of 2022 here on Saturday.

The number of big retailers (Tier-1) required to be integrated with the PoS system has drastically decreased from 297 to 113. Therefore, the board has decided to raise sales tax demand against these retailers, who are still not integrated by June 10, 2022.

According to the FBR, a system-based approach has been adopted to operationalize this vital provision of law.

The exclusion procedure from this list of 113 identified Tier-I should apply as laid down in STGO 17 of 2022 dated May 13, 2022, FBR added.