Tariq Khattak

Islamabad—The World Bank in collaboration with the Water and Power Development Authority (WAPDA) and the National Highways Authority (NHA) held a day long consultation session on Social and Resettlement Policies and Practices in Pakistan, to kick off a discussion on social issues related to public sector investment projects including land acquisition, social and resettlement policies, and implementation problems.

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London—Arab states have launched moves with China, Russia, Japan and France to stop using the dollar for oil trading, a report said on Tuesday but this was denied by Kuwait.

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Istanbul—The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the “privilege” of building a huge trade deficit.

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Berlin—The recession has cut the number of German billionaires to under 100, with the fortunes of those still making the ranking falling in some cases dramatically, a survey published on Tuesday showed.

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London—Crude oil prices rose on Tuesday as traders took their cue from the weak US currency, which was hit by a report that Gulf states have considered dropping the dollar for oil transactions.

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Quetta

Muzaffarabad

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