Archive for September 2018

Trade war with China to hit US economy: Russian expert

Monitoring Desk MOSCOW: The U.S. economy will lose because of its actions against China, the chairman of the government spending watchdog, the Russian Accounts Chamber, Alexey Kudrin said on Wednesday. Although the trade war between China and the U.S. will not hit severely the Chinese economy and the volume of world trade, actions by U.S.…

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Protectionism harmful in long term: Vakif bank CEO

Monitoring Desk ISTANBUL: Protectionist trade policies may seem lucrative in the short term, but in the long run, they are damaging, Mehmet Emin Ozcan, the CEO of state lender Vakif Bank, warned on Wednesday. “It is not conflicts that enhance the welfare of humanity, but cooperation,” he told the 9th Istanbul Finance Summit’s (IFS’18) opening…

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Govt may levy custom duty on luxury items: FPCCI

F.P. Report Lahore: “The increase in customs duty on more than 5,000 items and in regulatory duty of over 900 items should have been levied on luxury items and not on imported raw materials and capital goods which are not produced locally”. This was said by Regional Chairman and Vice President of Federation of Pakistan…

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Govt to protect country’s interest at any cost: Afridi

F.P. Report GILGIT: Minister of State for Interior, Shahryar Khan Afridi here Wednesday said that government would protect interest of the country at any cost come what may and would give all respect and honour to the people they deserved. Addressing a high-level meeting in connection with Moharram-ul-Haram security arrangements here on Wednesday, he said…

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PTI MPA defends mini budget as balanced

F.P. Report MARDAN: PTI’s Member Provincial Assembly Iftikhar Ali Mashwani has defended the mini budget presented by the Federal Finance Minister Asad Umer as balanced in the present difficult economic scenario. In a statement here the PTI MPA said that though certain tough decisions have been taken but it could not be avoided in order…

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Dir people reject hike in gas prices

F.P. Report TIMERGARA: Political workers of various parties here on Wednesday rejected the recent increase in the price of gas and imposition of taxes in utility bills of consumers of Malakand division. In their written statement issued the media the ANP activist Buzarg Ahmad Jan, JI Syed Musharaf Shah Jan, PPP Aman Khan and others…

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DPO suspends 2 policemen over poor performance

Ghulam Mursalin Marwat LAKKI MARWAT: District Police Officer (DPO) Asif Gohar suspended from service two police officials on poor performance and directed them to report to police lines at district headquarters complex Tajazai. During a surprise visit to police stations in Naurang and Dadiwala areas, the district police chief expressed anguish over poor cleanliness condition…

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Death toll from Philippines typhoon climbs to 81

Monitoring Desk ANKARA: Death toll from Philippines typhoon named “Mangkhut” rose to 81 on Wednesday, according to local media. The typhoon affected northern shores of the Philippines on Saturday. Philippine police said 71 people were injured in several incidents, with 70 others still missing. Earlier, Oscar Albayalde, Philippine National Police (PNP) director, had said that…

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Boko Haram violence spikes in Nigeria

Monitoring Desk LAGOS: In August, a report came out that appeared aligned with the official Nigerian narrative that says Boko Haram militants have been “technically defeated” in most parts of Nigeria’s northeast region. “In a survey encompassing sites in the Adamawa, Borno and Yobe states, 85 percent of respondents reported witnessing a reduction in the…

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