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August 14, 2017 3:47 AM CPEC – an opportunity for equitable development

LAHORE: Our previous article “Development is much more than just economic growth” concluded that “Pakistan’s economic growth is set to improve through the China-Pakistan Economic Corridor (CPEC)”. This boost through CPEC can be instrumental in fostering equitable growth that can address the issues of development deprivation across the country. However 2

August 12, 2017 7:18 PM Kachhi Canal project to be completed by August-end

Nationalabout 1 hour ago BY Staff Report After a delay of more than a decade, the construction of the Kachhi Canal project would finally be completed by the third week of August, and water will be filled in it to test its structures. This was disclosed in a meeting, presided over by Pakistan Water and Power Development Authority (WAPDA) Chairman Muzammil 2

August 12, 2017 1:49 AM PM replaces Ishaq Dar as head of ECC

ISLAMABAD - The federal government on Friday reconstituted the Economic Coordination Committee (ECC) of the Cabinet with Prime Minister Shahid Khaqan Abbasi as its chair, replacing Finance Minister Ishaq Dar as its head. Former Prime Minister Nawaz Sharif had appointed Dar as chairman of the ECC, the top economic decision-making body of the country 2

August 11, 2017 6:30 PM CBOT soybeans close firm on bargain buying

USA-SOYBEANS/CBOT (URGENT):CBOT soybeans close firm on bargain buying CHICAGO, Aug 11 (Reuters) - Chicago Board of Trade soybean futures edged higher on Friday, with bargain buyers stepping into the market after the U.S. Agriculture Department's forecast for a record harvest sparked a steep sell-off on Thursday. * But traders said the outlook for a bumper 1

August 11, 2017 5:20 PM NBP set to open two branches in China's major cities next year

KARACHI: National Bank of Pakistan (NBP) – one of five large commercial banks – is set to open two branches in China next year to exploit the growing business opportunities between the two countries under the multibillion-dollar China-Pakistan Economic Corridor (CPEC) projects. “National Bank will open two branches in China’s major cities like Beijing 1

August 11, 2017 4:17 AM Deals inked for export of $325m worth of goods to China

ISLAMABAD: Pakistan and China on Thursday signed over three-dozen trade pacts for exporting $325 million worth of goods to Beijing, aimed at addressing private sector’s concerns about adverse implications for their businesses of government-to-government trade deals. The signing ceremony for the Pakistan-China Trade Cooperation Projects was held in Islamabad 3

August 5, 2017 2:26 PM Petrol gets cheaper by Rs1.80 and diesel by Rs2.50 per litre

ISLAMABAD: The government decided on Saturday to pass only a partial price relief on to consumers of petrol and diesel, in line with the previous policy. Despite a change at the helm of affairs, Prime Minister Shahid Khaqan Abbasi continued the policy of former premier Nawaz Sharif and approved only half of the price reduction proposed by the regulator 2

August 4, 2017 12:00 AM Oil sales up 10pc in July

KARACHI: Sales of petroleum products grew 10 percent year-on-year (YoY) to 2.31 million tonnes in July as an impressive demand of motor spirit and diesel mainly led the growth, an analyst said on Thursday. Analyst Waqas Ahmed at Taurus Securities said sales of petroleum products stood at 2.097 million tonnes in July last year. In June, oil sales were recorded 5

August 3, 2017 4:20 AM CPEC and the opportunity for agriculture

China is the world’s largest importer of agricultural products. In 2015, China imported $160 billion worth of agricultural products. However, Pakistan’s share in these exports was minuscule — less than half a percentage point — despite having a large agrarian base and a shared border with China. With a population of 1.3 billion people, China consumes 4

August 3, 2017 12:00 AM Corruption halted agricultural, industrial growth: Speakers

LAHORE: Corruption has halted agricultural and industrial growth, and nationalisation of industry has badly affected industrialisation in Pakistan. Pakistan emerged on the world map without its own currency and became an atomic power in 70 years, but unfortunately since 1977 a powerful group has been involved in corruption. These views were expressed 2