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Pakistan in well position to tap trade potential of Afghanistan, CARs: Dar ISLAMABAD: Minister for Finance Muhammad Ishaq Dar Wednesday said Pakistan was now well positioned to further tap the trade potential of Afghanistan and Central Asian Republics (CARs). "There is a huge trade potential in Afghanistan and five Central Asian states, namely Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan and Uzbekistan, with combined gross domestic product (GDP) of $ 445 billion and population of 66 million, offer a sizeable market for Pakistani goods, services and investment," Dar said while speaking at the launching ceremony of Pakistan-Afghanistan-Central Asian Republic States Trade Summit (PACTS) here Tuesday night. The ceremony was organized by Rawalpindi Chambers of Commerce and Industries (RCCI). The Finance Minister appreciated the efforts of RCCI for organizing the summit saying that it would help enhance trade opportunities for Pakistan with Central Asian states and Afghanistan. He said a Joint Business Council, comprising of leading businessmen from both the countries, had also been established to increase business to business interaction.  He said Pak-Afghan bilateral trade had increased from $1.11 billion in 2005-06 to $ ...

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NA denounces unprovoked Indian firing at LoC, WB ISLAMABAD: The National Assembly Wednesday passed a resolution strongly denouncing unprovoked Indian firing at the Line of Control (LoC) and Working Boundary (WB) and brutality on innocent Kashmiri people in the Indian occupied Kashmir (IoK). The resolution moved by Minister for Climate Change Zahid Hamid in the House called on the international community to stop bloodshed of innocent Kashmiris.  The resolution said: "We, the representatives of the people of Pakistan strongly denounce the Indian escalation of the situation at the Line of Control (LoC) ...

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CPEC ISLAMABAD: Prime Minister Muhammad Nawaz Sharif, Wednesday said that China Pakistan Economic Corridor was Pakistan's strategic economic initiative that has attracted the world in general and regional countries in particular. "CPEC has changed the negative security narrative into an exceedingly positive economic narrative for Pakistan," he said while chairing a meeting to review progress on CPEC at PM House. He said the successful implementation of the projects under the umbrella of CPEC was a manifestation of the strong and time-tested friendship between China and Pakistan and ...

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Trump to leave business empire, reveal plan at press conference WASHINGTON: US President-elect Donald Trump said Wednesday he will be "leaving his business" to avoid any appearance of a conflict of interest while in the White House, insisting he was not legally bound to do so.In a series of Tweets, Trump said he would unveil his plans at a December 15 news conference in New York with his children.He said he would "discuss the fact that I will be leaving my great business in total in order to fully focus on ...

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CJCSC calls on Naval Chief ISLAMABAD: Newly appointed Chairman Joint Chiefs of Staff Committee (CJCSC) General Zubair Mahmood Hayat Wednesday visited the office of the Chief of Naval Staff Admiral Muhammad Zakaullah at Naval Headquarters.  According to a press release, upon arrival, the dignitary was received by Chief of the Naval Staff. A smartly turned out contingent of Pakistan Navy clad in ceremonial dress presented him the Guard of Honour.  The Naval Chief introduced the visiting dignitary to the Principal Staff Officers at the Naval Headquarters. Later, General Zubair Mahmood ...