TEHRAN -- At least seven commercial ships were burnt after a fire broke out in a ship building factory in southern Iranian port city of Bushehr on Wednesday, Tasnim news agency reported.

The fire fighters from different organizations are trying to contain the fire, said Jahangir Dehgani, the director of Crisis Management of Bushehr province. (Iran-Fire-Ships)

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ISLAMABAD -- Chief Minister of Pakistan's northwest Khyber Pakhtunkhwa province Mahmood Khan on Wednesday inaugurated the Jalozai Economic Zone in Peshawar, capital of the province.

Addressing the inauguration ceremony, the chief minister said the provincial government has put the province on the track of development by promoting industrialization through such initiatives. (Pakistan-Economic Zone)

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TOKYO -- The Bank of Japan (BOJ) on Wednesday forecast the economy here to contract 4.7 percent in fiscal 2020 through March 2021, while saying it expects the consumer price index to retreat 0.5 percent in the same period owing to the effects of the pandemic.

The forecasts came following the conclusion of the central bank's two-day policy setting meeting at which it decided to maintain its ultra-easy monetary policy to help underpin the recession-hit economy. (Japan-BOJ-Economic Contraction) Enditem

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