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October 9, 2001 Tuesday Rajab 21, 1422 Traders chalk out contingency plan: US attack on Afghanistan KARACHI, Oct 8: Businessmen and traders are drawing up contingency plan to cope with any unexpected developments in the wake of the US attacks on Afghanistan that could have far reaching... SBP advises banks not to panic: Dollar shoots up in kerb KARACHI, Oct 8: The State Bank has reassured the banks that it would arrange foreign exchange for external payments if they run short of it so there is no need for... Cotton prices drop to new seasonal low KARACHI, Oct 8: The mill buying of the new cotton crop failed to show a significant improvement over the last fortnight’s average figures having a bearish impact on the local prices,... $4bn routed through hundi system annually ISLAMABAD, Oct 8: An estimated amount of $4 billion are routed through the “hundi” system in the country every year, senior finance ministry officials told Dawn.... Rs116.8bn tax target set for Oct-Dec ISLAMABAD, Oct 8: The Central Board of Revenue (CBR) has set tax collection target of Rs116.8 billion for the second quarter (Oct-Dec) of the financial year 2001-2002.... KSE index plunges by 3.36pc, turnover at record low KARACHI, Oct 8: Karachi stocks reopened in a terribly bad mood on Monday as the reports of US and allied attacks on Afghanistan and its possible negative fallout here generated nervous... Malaysian economy stable, says Mahathir KUALA LUMPUR, Oct 8: Malaysia’s economy has weakened after last month’s terror attacks on the US but remained stable with low inflation and strong reserves, Prime Minister Mahathir Mohamad said on... EC to recommend limited aid to aviation sector BRUSSELS, Oct 8: The European Commission is to recommend on Wednesday extremely limited public aid to the air transport industry because the sector does not need such massive help as in... Opec keeps options open on output cut VIENNA, Oct 8: The Opec oil cartel will wait for at least 48 hours before taking any decision on cutting output to support slumping prices, after the start of US-led attacks...