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BEIJING: To commensurate with strong political and military ties, economic and trade cooperation between China and Pakistan should be deepen, experts say."Compared with political ties, bilateral trade cooperation between China and Pakistan is still weak and the two countries should further encourage their economic and trade cooperation and communication, based on bilateral strategic mutual trust," said Mei Xinyu, a researcher with the Chinese Academy of International Trade and Economic Cooperation at the Ministry of Commerce.China is Pakistan's second-largest trading partner, the second-biggest source of imports and the fourth-largest exports destination."The Pakistani side expects two-way trade to surpass $15 billion in two or three years," Xinhua News Agency quoted Pakistan's Ambassador to China Masood Khalid as saying.The FTA between China and Pakistan, which was signed in 2006, has fostered China's economic cooperation with the whole South Asian region. Meanwhile, the two countries have cooperated in infrastructure construction over the past few ...
TOKYO: Tokyo share prices plunged more than seven percent Thursday on record volumes as investors rushed to take profit following weak Chinese data and after months of climbing.The Nikkei 225 index at the Tokyo Stock Exchange closed down 7.32 percent, or 1,143.28 points, to 14,483.98, while the Topix index of all first-section issues was down 6.87 percent, or 87.69 points, at 1,188.34.Trading was volatile with volume at a record 7.66 billion shares among first section ...
SEOUL: The South Korean won fell more than 1 percent to its weakest in more than five weeks against the dollar on Thursday as falling stocks around the region dampened investors' appetite for risky assets.The won fell as low as 1,126.2 per dollar, down 1.08 percent on the day and the weakest since April 15. It was last quoted at 1,125.8 at 0453 GMT, compared with Wednesday's domestic close of 1,114.0.Copyright Reuters, 2013 
QUETTA: A bomb planted in a rickshaw tore through a vehicle used by security forces in Quetta on Thursday, killing at least 12 people, police said.The bomb containing around 100 kilos (220 pounds) of explosives targeted a truck carrying members of a paramilitary force on the outskirts of Quetta, the capital of restive Baluchistan province.Copyright AFP (Agence France-Presse), 2013 
TOKYO: Tokyo shares plunged more than three percent in early Thursday afternoon trade as investors sold positions on weak Chinese data to lock in profits on recent rapid gains.The Nikkei 225 index at the Tokyo Stock Exchange lost 3.20 percent or 500.04 points to 15,127.22 at one point before narrowing its loss to 2.15 percent by 0400 GMT.The plunge came after HSBC said manufacturing activity in China contracted in May for the first time in ...
SINGAPORE: Oil extended its losses in Asian trade on Thursday on a stronger dollar after the US Federal Reserve hinted that it could ease its massive stimulus policy soon, analysts said.New York's main contract, West Texas Intermediate light sweet crude for delivery in July, dropped 58 cents to $93.70 a barrel in the morning and Brent North Sea crude for July delivery shed 47 cents to $102.13."Oil prices are being kept down after the US ...More Articles...
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