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Pakistan can fetch substantial forex through export of services

  Boundaries between services and industry are changing fast, and about half of all services in modern industrialized economies are sold and bought while embedded in the form of goods. While the content and function of goods remain important, the designing, marketing, consultancy and advertising services claim a share of the value added to goods. Manufacturing, too, has important contribution from services, such as resource planning, warehousing, value chain analysis, …

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Alternative medicine getting strong roots

  “Pakistan possesses huge potential to fetch forex through export of herbal and other alternative medicines” Alternative Medicine is a medicine that is outside the mainstream of Western medicine. Alternative medicines exist in all cultures to sum degrees and terms such as traditional medicines, indigenous medicines, folk medicines, holistic medicines and oriental medicines are used to describe such practice. Date back 100 or even thousands of years it is depending …

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First-ever Metro Train Project

  Govt achieves another landmark of signing $1.6bn deal with China The present PML-N government achieved another landmark, as a historic agreement was signed for first-ever Metro Train Project in Pakistan. Punjab Chief Minister Muhammad Shahbaz Sharif signed the agreement on behalf of the Pakistan government, while Chairman National Development and Reform Commission China, Xu-Shaoshi signed the document on behalf of China for Metro Train Project. Under the agreement, Orange …

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Saudi firm SALIC keens to invest in red meat

  While there is an abundant supply of red meat in Pakistan, the Saudi Agricultural & Livestock Investment Company (SALIC) has shown interest for making investment in red meat product of Pakistan. Tremendous potential in livestock sector of Pakistan has remained untapped since many decades despite the fact that we are ranked 19th in the world in meat production and 4th in milk production. Livestock sector provides employment opportunities for …

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Over 78pc of population face high stakes of vector-borne diseases: UN

  More than 78 percent of the world population is on high stakes of vector-borne diseases due to toxically-infested unsafe drinking water — for which, in almost 72-83 percent cases, particularly in the developing countries of Asian and African regions, the ecologically non compatible sewage system is the major attributable provenance root-source, learnt the World Health Observance through UN WWD 2005-2015 program. According to the UN statistical records, over 8,69,000 …

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Intel Pakistan keeps building solid educational foundation

  The company is firm in improving the it skills of Pakistani students and teachers Intel continues to play a critical role in establishing a solid educational foundation within Pakistan by preparing students with the skills required to succeed in today’s knowledge based economy. The Intel Education Initiative in Pakistan is playing a key role in strengthening education through ICT in the remote areas of Pakistan by helping schools and …

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Bright prospectus for foreign investment in 2014

  The government is taking measures to woo foreign investors as the country possesses huge investment potential in various sectors particularly energy sector. Being the world’s 6th largest populated country with major untapped market it is a delight for foreign investors along a growing middle class, talent pool, natural resource endowments, tourism landscape, maritime wealth, geographic location advantage, English language skills, legal system, social capital and soft power values of …

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Energy projects major component out of the four umbrella projects under CPEC

  The reliable and steadfast friendship between China and Pakistan is considered as an example all over the world and the economic benefits of this friendship for Pakistan are getting more eminent day by day under the recent agreement of China-Pakistan Economic Corridor investment project signed between the brotherly nations. The rising of China as an international economic power is proving advantageous for Pakistan. Regardless of the detrimental law and …

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Energy shortages, limited external demand and structural bottlenecks all constrained industrial growth

  Industrialization is regarded essential for rapid development of the country while the nations, which gave weight to rapid development to industry achieved high rates of development. Pakistan at the time of partition in 1947 had negligible industrial base. Since the division of the sub-continent, the Government of Pakistan has been utilizing all available resources domestic as well as external for rapid development of the manufacturing sector. Pakistan has now …

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Flaws and drawbacks of the IMF’s currency basket

  Established following World War II to help with post-war recovery, the International Monetary Fund (IMF) serves as a lender to modern governments and an overseer of international financial markets. Both the International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC. The IMF was originally designed to promote international economic cooperation and provide …

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