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Pak exporters to explore new trade avenues
BEIJING: The China International Import Expo (CIIE), starting from Nov.5 in Shanghai, will open the country’s market further to the world as many exporters, including those from Pakistan, plan to take advantage of this unique opportunity. A look at China’s market reveals that it is the world’s biggest destination for agricultural products including grains, cotton, sugar, meat, and milk - and Pakistan produces almost all of these
 
 
GE signs POC with Iraq to develop power sector
BAGHDAD: GE signed Principles of Cooperation (POC) with the Iraqi Ministry of Electricity to develop the country’s power sector. The plan is expected to generate up to 14 gigawatts (GW) of power, create up to 65,000 direct and indirect jobs, support the government to realise savings and recoverable losses of up to $3 billion per year, establish a local technology centre and support water and healthcare access. The POC was signed
   
Outflow of foreign funds not a good sign for Indian economy: Analysts
Mumbai: The rupee and the US dollar equation along with an uncertain domestic and global economic growth outlook has triggered a massive foreign fund outflow from the country’s capital market segment. “The outflow in just the last nine months is Rs 50,000 crore. The rupee and the US dollar equation was the major trigger. This is not a good sign for the Indian capital market,” said Astha Jain, Senior Analyst at Hem Securities.
 
 
Rupee subdue Indian equity indices; Sensex 180 points down
MUMBAI: Key domestic equity indices provisionally closed on a negative note on Monday, as heavy selling pressure in energy sector stocks weighed on investors’ sentiments. The Indian stock market indices − S&P BSE Sensex and NSE Nifty50 − ceded their early gains during the final hour of the day’s trade. Besides, the Indian rupee weakened to 73.46 against a greenback. It had opened at 73.41 to a US dollar. In addition, a slight
   
Nasscom, DIC sign MoU to attract Indian enterprises
Kolkata: The National Association of Software and Services Companies (Nasscom) on Monday said it has signed a Memorandum of Understanding (MoU) with Dubai Internet City (DIC) to facilitate expansion of Indian businesses in the Middle East. The agreement, the first of its kind in the Middle East and North Africa (Mena) region, is aimed at attracting Indian small and medium-sized enterprises (SMEs) to the United Arab Emirates. To
 
 
World-class food testing facility in Goa soon
Panaji: The Goa government has tied up with the Commerce and Industry Ministry to set up a world-class food testing facility in the coastal state, a Union Minister said on Monday. Speaking to the media at the State Secretariat, Union Minister for Commerce and Industry Suresh Prabhu said that setting up of the testing facility will rid “certain apprehensions in the minds of people about the quality of fish”. “We are working very
   
Pakistan housing plan broadens to DG Khan, Muzaffargarh
ISLAMABAD: The PTI government has decided to again extend the scope of its newly launched ‘Naya Pakistan Housing Programme’ to add two more cities from southern Punjab: Dera Ghazi Khan and Muzaffargarh. Few days earlier, the government announced to expand the housing scheme to ten other cities of Punjab. Official sources in the Ministry of Housing said the scheme has been extended to more cities of the country to fulfil housing
 
 
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