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KP govt-Korea signs wind power project agreement

ISLAMMABAD -UNS – Khyber Pakhtunkhwa government on Tuesday signed an agreement with a Korea for wind power project. According to the agreement, 197 megawatt electricity would be produced through the wind power project. A sum of Rs50 billion would be spent on the project in …

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Pakistan’s first deep-water container terminal inaugurated

KARACHI -UNS- Prime Minister Shahid Khaqan Abbasi says the general elections would be held on time and people should ignore the rumours in this regard. Addressing the inauguration ceremony of Pakistan’s premier high-tech deep water container port in Karachi, Prime minister said government is striving …

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Social media users call for chicken boycott as price soars

ISLAMABAD-UNS – Social media users have launched a campaign urging the individuals to boycott chicken over its “sky-rocketing price” ahead of Ramazan. The sudden increase in the cost of chicken has been witnessed in various cities including Lahore and Karachi. Usually, the chicken is sold …

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Oil jumps to highest since 2014 after US quits Iran deal

LONDON -UNS : Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs after U.S. President Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the OPEC member. Ignoring pleas by allies, Trump on Tuesday pulled out …

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Corruption in CPEC projects: Cost of coal power projects per MW 40pc higher

BY KHALID MUSTAFA ISLAMABAD: The lowest ever price for one megawatt in the International Competitive Bidding (ICB) for Jamshoro coal power project of 1320MW headed by ADB has exposed the bitter fact how costly Port Qasim and Sahiwal coal power projects under CPEC are, reveals …

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Pakistan, Afghanistan agree to resolve trade issues

ISLAMABAD -UNS: Pakistan and Afghanistan on Tuesday agreed that institutional mechanism between the two countries needed to be strengthened, saying holding of the much-awaited 7th Afghanistan Pakistan Transit Trade Coordination Authority Meeting by the Afghan side is need of the hour.  The agreement reached …

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CCP issues opinion on competition concerns in Sugar sector

BY MARYAM SHAH ISLAMABAD -: The Competition Commission of Pakistan has recommended measures to the federal and provincial governments for making the sugar industry more efficient, improve sugarcane quality, enhance and diversify production processes, and focus on export competitiveness. Taking notice of the sugarcane procurement …

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‘Chinese investors should benefit from public-private partnership’

ISLAMABAD -UNS- Deputy Chairman Senate, Senator Saleem Mandviwalla has said that Chinese investors should benefit from the investment potential in Pakistan and explore the possibilities of public private partnership for initiation of joint projects in various fields enabling enhanced bilateral ties and people to people …

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Gulf crisis escalates as major corporations are forced to take sides

By James M. Dorsey The Gulf crisis that pits a United Arab Emirates-Saudi-led alliance against Qatar is escalating in discreet but no less worrisome ways that effect major third-party commercial interests and could increase international pressure for a resolution of the dispute. In a major …

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Inflation,pay increase by 10%: Rs.5.2 trillion budget for 2018-19

ISLAMABAD -UNS- The ruling PML-N has presented a Rs5.2 trillion budget that only a government heading into elections would: with sexy funding that it hopes will nudge voters in the right direction. The government said it would lower some taxes, increase government staff salaries and …

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