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Higher cotton production likely this season

KARACHI: Higher cotton production prospects for this season have brightened following sustained phutti (seed cotton) arrivals during the last fortnight. Figures released by the ginners’ body on Friday show the total cotton production up to Nov 15 stood at 8.78 million bales, up 9.49 per cent from the corresponding period …

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Current account deficit widens by 63pc

KARACHI: The current account deficit increased over 63 per cent in the first four months of 2016-17 on an annual basis, making the management of the external sector more difficult for the government. The State Bank of Pakistan (SBP) reported on Friday the deficit rose to $1.76 billion in July-October …

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CPEC to create many new opportunities for business and investment:France

ISLAMABAD: (Parliament Times) Jean Marc FENET, Head of the Regional Economic Department for India and South Asia of France said on Wednesday that due to China Pakistan Economic Corridor (CPEC), that his country was taking more interest in Pakistan as this project was poised to create many new opportunities for business …

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Dollar surges on rate talk, emerging markets struggle

HONG KONG :(Parliament Times)  The dollar extended gains across the board in Asian trade Friday as investors took bullish comments from Federal Reserve boss Janet Yellen as almost guaranteeing the central bank will hike interest rates next month. While the surge in the greenback to a five-month high against the …

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Erdogan urges Turkish businessmen to invest in CPEC projects

ISLAMABAD (Parliament Times)) – President Recep Tayyip Erdogan on Thursday urged the Turkish businessmen to invest in China Pakistan Economic Corridor (CPEC) projects of Pakistan saying that the CPEC was a game changer for the region. He stated this while addressing the Pakistan-Turkey Roundtable Investment Conference here. Prime Minister Nawaz …

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Reforms and active private sector participation can boost economic growth: State Bank

KARACHI (Parliament Times) – Pakistan’s economy maintained its momentum towards a higher growth trajectory in FY16, as higher infrastructure spending by the government and decades low interest rates provided a boost to domestic demand. Side by side, improvements in energy supply and the security situation also supported this momentum, the State …

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Opec pushes for consensus on oil cut

LONDON: (Parliament Times)  Opec officials are working to nail down details of their plan to limit oil supply and gaps over some sticking points are narrowing, Opec sources said, a sign of progress in finalising the exporter group’s first such deal since 2008. The Organisation of the Petroleum Exporting Countries …

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WCCI offers partnership to Chinese businesswomen

PESHAWAR: (Parliament Times) Commerce and Industry Khyber Pakhtunkhwa offered partnership to visiting Chinese businesswomen for joint ventures in future. A nine-member delegation of businesswomen from China was the first to visit and meet WCCIKP members in Khyber Pakhtunkhwa after launch of China-Pakistan Economic Corridor project. The delegation wanted to look …

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Latest bike model: ECC refuses to grant ‘new entrant’ status with incentives

PESHAWAR: (Parliament Times) Women Chamber of ISLAMABAD: The Economic Coordination Committee (ECC) has turned down a proposal of the Ministry of Industries and Production that recommended giving the status of “new entrant” to a new motorcycle model of Atlas Honda. In its summary prepared for the ECC, the Ministry of …

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Index gains 111 points despite lacklustre trading

KARACHI: (Parliament Times)  Investors at Pakistan Stock Exchange remained active on both sides, buying and selling, on Wednesday, as the day ended by adding 111 points to the benchmark KSE 100 index that closed positive at 42,404 level. Equities traded listless for most part of the day, swinging between gains …

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