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October 6, 2001 Saturday Rajab 18, 1422 Where the rupee is going? : •Stocks have slumped •commodity markets are unattractive KARACHI, Oct 5: Bankers, businessmen, stock brokers, financial analysts are still locked in an endless discourse to know ‘why’ and ‘who’ of the unusual phenomenon of dollars flowing in Pakistan from... $1.8 billion evaporates from corporate value KARACHI, Oct 5: A sum of Rs118 billion ($1.8 billion) has evaporated from the corporate value of Pakistan since the beginning of the current year. This is reflected in the steep... Post-Sept 11 turmoil hits KSE KARACHI, Oct 5: Karachi stocks did not escape unhurt during the post-Sept 11 turmoil on the world stock and financial markets and shared the massive toll followed by panic liquidation from... Uncertainty looms over bullion, property trade KARACHI, Oct 5: Bullion, real estate and commodity dealers are still confused over the question as to where the money is heading after September 11 incident in the US.... Dealers refuse to trade in dollar QUETTA, Oct 5: US dollar remained under severe pressure following the recession in US, hitting the world economy in general.... Stocks rise by 29 points on positive outlook KARACHI, Oct 5: Stocks on Friday maintained an optimistic outlook as investors were not inclined to take even a technical breather and made fresh extensive covering purchases almost on all the... Dollar kept in check ahead of US job data TOKYO, Oct 5: The dollar was rangebound against major currencies on Friday ahead of United States jobs data and a Group of Seven (G7) meeting of finance ministers and central bankers,... G7 finance ministers to meet amid uncertainty WASHINGTON, Oct 5: The challenge for finance ministers from leading industrial nations, gathering on Saturday for the first time since the devastating Sept. 11 attacks, will be to demonstrate a sense... Bush announces $3bn in grants for states WASHINGTON, Oct 5: US President George W. Bush announced on Thursday the federal government will provide $3 billion in grants to the states to help workers who lost their jobs due... India ready to tackle economy NEW DELHI, Oct 5: Indian Finance Minister Yashwant Sinha said on Friday the government was ready to tackle any economic fallout from the deadly attacks on the United States but kept... ‘EU has no US-style budget room to boost economy’ PARIS, Oct 5: The European Union wants to stimulate economic growth but does not have room in its tax and budgetary procedures to mirror stimulus in the United States, Finance Minister... New York cotton futures down NEW YORK, Oct 5: NY cotton futures finished near lows on Thursday for the session due to speculative selling and local liquidation, as the market was weighed down anew by the... European stock markets close lower LONDON, Oct 5: European stock markets headed lower again on Friday as optimism engendered by a strong one-day rally quickly gave way to more uncertainty over prospects for the post-September 11... NY precious metals unchanged NEW YORK, Oct 5: New York precious metals settled lightly mixed on Thursday, with gold erasing a morning safe-haven rally but still finding good support amid heightened global nervousness about terror... Liquidity crunch in inter-bank market KARACHI, Oct 5: Banks on Friday made an overnight borrowing of Rs8.3 billion from the State Bank discount window to average out the mandatory cash reserves.... Experts sound optimism LAHORE, Oct 5: Some experts expect the investments in real estate and stocks markets to boost in the next few weeks, others maintain that the people are keeping their savings in... Cotton prices resist fresh decline KARACHI, Oct 5: Cotton market on Friday resisted fresh decline as prices in physical trading were quoted higher, although mill demand remained at a low ebb.... Dollar still on path of recovery KARACHI, Oct 5: The US dollar recovered 30 paisa in the open currency market on Friday to close at Rs63.90/64.10 for spot buying and selling after shooting up to Rs65.20 earlier... Sept 11 events and Pakistan economy: COMMENT PAKISTAN relies heavily on exports. They provide the bulk of the foreign exchange needed to import the essentials of a modern economy like petroleum, machinery, transport vehicles and even foodstuffs —... POL products consumption falls: July-September KARACHI, Oct 5: The Managing Director, Pakistan State Oil (PSO), Tariq Kirmani, has said that the industry consumption of POL products during July-September 2001 has declined by 13.5 per cent over...

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