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France,Qatar sign $1bn fighter jet deal amid Gulf crisis

DOHA -UNS : Qatar announced on Thursday a deal to buy 12 French-built Rafale fighter jets, as it faces a boycott by neighbouring Gulf states in the region’s worst political crisis in years. The 1.1-billion-euro ($1.3-billion) order, announced during an official visit by French President …

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Agri sector also included in CPEC

ISLAMABAD -APP/UNS:Deputy Chairman Planning Commission Sartaj Aziz Wednesday said keeping in view the importance of agriculture in the national economy, food security and alleviation of poverty, the sector had been included as an area of cooperation in the Long-Term Plan of China Pakistan Economic Corridor …

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Bitcoin hits new record; climbs above $12,000

Bitcoin smashed through the $12,000 barrier for the first time Wednesday, extending the virtual currency’s stratospheric rise to new records as it gears up to take its place on mainstream markets. The controversial cryptocurrency, which has been used to buy everything from a pizza to …

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Pakistan’s Largest Technological Olympiad, Air Tech’17 from 7th to 10th December

ISLAMABAD -UNS: Pakistan’s largest technical and scientific Olympiad, Airtech’17 will be held at the Main Campus of Air University from 7th to 10th December. This was announced by Air Vice Marshal (r) Faaiz Amir, Vice Chancellor of Air University, in a press conference to brief …

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52.76% increase in Pakistan’s crude exports during first quarter of current fiscal year

ISLAMABAD -UNS: Country’s Petroleum Crude exports increased by 52.76 percent during the first quarter of current fiscal year (July-September) as compared to the same period of last year, according to Pakistan Bureau of Statistics (PBS). According to the data provided by PBS, Petroleum Crude worth …

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CPEC investment rises to $60b

ISLAMABAD: Deputy Chairman Planning Commission Sartaj Aziz says total investment under China-Pakistan Economic Corridor has risen to $60 billion. He was talking to a delegation of Chinese journalists in Islamabad on Tuesday. Sartaj Aziz said Pakistan has evolved a liberal investment policy to attract foreign …

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Petrole bomb:Rs1.48 per liter increase in petrol price proposed

ISLAMABAD -UNS – In a summary forwarded to the Ministry of Finance on Wednesday, the Oil and Gas Regulatory Authority (OGRA) has proposed Rs 1.20 liter to Rs 15.35 per liter increase in prices of petroleum products from December 1, 2017. According to an analyst, …

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Port Qasim coal power plant’s unit in inaugurated

KARACHI -UNS– Prime Minister Shahid Khaqqan Abbassi has inaugurated a two billion dollars coal fired power plant unit at 1320 MW Port Qasim which is a part of China Pakistan Economic Corridor. The unit is jointly sponsored by Qatari and Chinese firms and is anticipated …

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Next phase of CPEC to ensure technology transfer to Pakistan: Ahsan

ISLAMABAD -UNS/APP:Minster for Planning, Development and Reforms, Ahsan Iqbal Tuesday said cooperation in industrial sector under China Pakistan Economic Corridor (CPEC) would ensure transfer of technology, knowledge and skills to Pakistan. “CPEC is also helping to promote knowledge based economy in Pakistan, which is the …

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Dairy sector has potential to promote exports: Sector covers 12 percent of GDP

ISLAMABAD -UNS/APP :The country’s dairy sector has great potential to enhance exports and government’s support was needed to take maximum advantage of this resource, said Pakistan Economy Watch (PEW). Promotion of this sector would also help reduce domestic prices of milk, hence provide relief to …

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