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Business
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Current account surges despite soaring trade deficit
Higher foreign aid disbursement, FDI, remittance key contributors
Although the trade deficit posted a 27 percent increase in the first quarter of the current fiscal year, the current account balance is showing a surplus with an increase in disbursement of foreign aid,
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Saarc leaders urged to go for economic union
High-profile dialogue on Safta ends in New Delhi
The heads of governments of the Saarc countries have been urged to put their heads together in the forthcoming summit in Dhaka so that Safta can be dragged towards establishing an "economic union" inthis
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Oil prices firm on winter weather worries
Oil prices firmed on Friday, cementing this week's gains spurred by worries a US cold spell could erode already low winter fuel inventories. US light crude rose five cents to $44.
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India to raise rate on top pension fund
India will raise the interest rate on its largest pension fund, the prime minister's office said on Thursday, but the federal labour minister said a final decision on the size of the increase was still
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Pakistan cotton prices weak on fresh arrivals
Pakistani cotton prices were weak during the past week due to plentiful stocks and were likely to soften further in days ahead on expected rise in the supply from the new crop, dealers said Thursday.
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