18 April 2015

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China’s investment to help achieve growth upto 8 per cent

ISLAMABAD: China-Pakistan Economic Corridor (CPEC), being termed as game changer is focused to help Pakistan improve its economic growth from 4.5 to 8 per cent by turning it into a hub of trade and investment.Some experts in the field believe its fruition can make Pakistan to become one of the top 25 economies of the world.The Chinese President during his upcoming official visit to Islamabad,would formally inaugurate this mega project worth US$ 45 billion.It would further

Oil climbs for 5th day as US output edges lower

Oil climbs for 5th day as US output edges lowerNew York: US oil prices shot up to a 2015 peak Wednesday after a slight dip in US oil production sparked talk that the glutted petroleum market could be turning.US benchmark West Texas Intermediate for May delivery jumped $3.10 to $56.39 a barrel on the New York Mercantile Exchange, the highest closing price since December 23.European benchmark Brent oil for delivery in May rose $1.89 to $60.32 a barrel in London.The gains extended a market rally into a fifth straight day.Earlier in the day, the

Asian shares rise, Shanghai soars on China easing hopes

HONG KONG  Asian markets rose Thursday, with Shanghai rallying on hopes for further China stimulus while Japanese shares were boosted by a weaker yen as the dollar reversed earlier losses.The gains follow a positive lead from Wall Street, where another batch of weak figures was offset by a pick-up in oil prices, an upbeat Federal Reserve economic report and hopes for lower rates for a little longer.Shanghai surged 2.71 percent, or 110.66 points, to 4,194.82 and Hong Kong gained 0.44

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