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Nepal, Pakistan agree to revitalise Saarc process

Nepal and Pakistan on Tuesday agreed to revitalise the Saarc process for "greater peace, security and prosperity in the region"

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  • Nepal and Pakistan agreed to revitalise Saarc
  • This is done to promote greater peace and security
  • It will be apparently beneficial for both the nations

Nepal and Pakistan on Tuesday agreed to revitalise the Saarc process for “greater peace, security and prosperity in the region” during talks that visiting Pakistan Prime Minister Shahid Khaqan Abbasi held with the Himalayan nation’s leadership.

Nepal and Pakistan to revitalise SAARC process. Wikimedia Commons
Nepal and Pakistan to revitalise SAARC process. Wikimedia Commons

Abbasi on Tuesday met Nepal President Bidya Devi Bhandari and addressed a programme at the Saarc Secretariat here. He also held a meeting with CPN (Maoist Centre) Chairman Pushpa Kamal Dahal “Prachanda” in the morning.

Bhandari and Abbasi hoped to reinvigorate the South Asian Association for Regional Cooperation (Saarc) as an important regional organisation. The Pakistani leader said that “issues of the countries in the region should not affect the activities of Saarc and its performance”.

He emphasised the need to make Saarc “more effective” in the days ahead. Both sides agreed to enhance cooperation in all areas of mutual importance, including political, economic, defence and cultural fields.

On Monday evening, Abbasi met his Nepali counterpart K.P. Sharma Oli and both decided to revitalise the stalled Saarc process.

Also Read: India pulled out of SAARC meeting that is to be held in Pakistan

The Pakistani leader sought to host the 19th Saarc Summit of the regional grouping and asked Nepal to create a “favourable environment” for the same. The summit has been postponed since 2016 after a military attack on an Indian Army base in Uri in Jammu and Kashmir.

After the attack, India unilaterally suspended its participation from the summit. Several member states rallied behind India’s position.

Nepal is the current chair of the regional grouping. Oli’s chief political advisor Bishnu Rimal said “both leaders held a common view on taking the Saarc forum ahead as it was a common platform for all member countries and still significant”.

The step is taken to improve relationships between the two countries.

Addressing a function at the Saarc Secretariat in Kathmandu, Abbasi said peace, security and mutual friendship were essential for the prosperity of South Asia.

“Pakistan has undivided belief in the Saarc objectives, ideologies and principles,” he said, adding that Islamabad was fully committed to the Saarc charter.

Abbasi also announced doubling the scholarships provided to Nepal by the Pakistan government and proposed to set up a joint parliamentary panel between Kathmandu and Islamabad. IANS

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Ways to Make Money in the Stock Market

Adopt a suitable trading strategy to earn more money in the stock market

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Stock Market
Know about how to make profit in the stock market. Pixabay

Individuals who want to earn money in the stock market have plenty of choices to make. In addition to picking and choosing specific securities to trade, they first need to select a general trading strategy. Too many enthusiastic people jump into the market without a plan of attack, which can mean financial suicide.

The smart thing is to decide on an approach that makes sense for your level of risk tolerance, your financial resources and the amount of time you can give to the pursuit. Day traders, for example, often make the market their career, devoting every weekday morning and afternoon to the pursuit of profit. For the grand majority of us, however, other methods make more sense.

Peruse the list below and decide which one is the best fit for your personality, budget and schedule:

Long-Term Trading

Whether you have a little or a lot of money to invest, the long-term strategy can be a good fit for anyone. More than half of all people who buy and sell stocks online fall into this category. The beauty of working this way is that you can choose stocks that move slowly and build value over the long-haul. As long as you are patient and not worried about making a kill, this approach makes sense. Those who have self-directed retirement accounts often spend just a few hours each year re-balancing their portfolios. The drop shares that haven’t moved at all, add one or two new companies to the mix and leave it at that, until next year’s readjustment.

Stock market
In order to make more money in the stock market, individuals need to adopt a suitable trading strategy. Pixabay

Day Trading

If you have a strong stomach, at least $25,000 to put into a brokerage account and a lot of time on your hands, day trading could be your calling. Be ready for a few months of training, many sessions on a simulated platform and about a year of ramping up to full-time activity. Day traders usually hold no positions overnight but take their profits by scalping small price changes on large buys. If XYZ company, for example, is selling for $89.50 per share and suddenly goes up to $89.60, a day trader might buy 100 shares if the market indicates that the price will continue to rise to $90. That would mean a profit of $40 in the span of a few minutes, but 100 shares would cost close to $9,000.

Specializing in One or Two Securities

It’s becoming more common to specialize in just one or two companies. A big advantage to this style is the knowledge that comes with specialization. If you decide to only buy and sell shares of Microsoft and Walmart, for example, you’ll be pretty adept at spotting price changes before they occur.

Also Read- Traders Protest Government Collusion with Amazon, Flipkart: Report

Profiting from Precious Metal Stocks

Even people who are not keen on Wall Street in general often trade stocks based on the precious metals. This group includes companies that operate in the mining industry, which is a sector unto itself. Additionally, metals enthusiasts can buy and sell exchange traded funds (ETFs) that hold massive amounts of bullion. Silver and gold traders have been using ETFs and mining stocks to play the market for decades.