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DINA
  DAWN - the Internet Edition



October 9, 2001 Tuesday Rajab 21, 1422

FXCM


Business


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...
Complete Story
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...
Complete Story
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,...
Complete Story
$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....
Complete Story


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....
Complete Story
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...
Complete Story
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...
Complete Story
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...
Complete Story


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...
Complete Story
Singapore gas oil weaken
SINGAPORE, Oct 8: Singapore gas oil prices eased off on Monday, as traders saw no signs of any supply problems from the attacks on Afghanistan....
Complete Story
Euro higher against dollar
LONDON, Oct 8: The euro ticked higher against the dollar on Monday, rising slightly above the $0.92 level, but the single currency’s gains were limited as investors remained cautious after the...
Complete Story
Gold prices rise in India
MUMBAI, Oct 8: Gold prices in India rose over 2.5 per cent on Monday trading with traders anticipating sustained demand in the aftermath of the US-led attacks on Afghanistan, dealers said....
Complete Story


Euro stocks sag after US-led reprisals
LONDON, Oct 8: Europe stock markets sagged on Monday as investors responded nervously to the US-led military onslaught on the Taliban in Afghanistan — and wondered what the backlash might be....
Complete Story
US banks bracing for huge defaults
LOS ANGELES, Oct 8: The Sept 11 terrorist attacks only worsened the already serious loan and default problems for the US banks....
Complete Story
PC receives 31 offers for LTM units sell-off
KARACHI, Oct 8: The Privatization Commission received 31 offers for the privatization of various sections of Lasbella Textile Mills (LTM) at an open bidding held here on Monday....
Complete Story
Govt accords top priority to IT, says Ishrat
KARACHI, Oct 8: Governor, State Bank of Pakistan (SBP), Dr Ishrat Husain has said that the government is very keen to see that the Information Technology (IT) play its due role...
Complete Story


Firm trend on cotton market
KARACHI, Oct 8: After having passed through lean sessions for the last couple of sessions, cotton market on Monday showed firm trend as spinners covered positions at the prevailing lower prices....
Complete Story
Spectre of corporate collapse haunts London city
LONDON, Oct 8: When recession looms and the markets tumble, debt becomes a dirty word. That time is now....
Complete Story
Investment proposals discussed
KARACHI, Oct 8: Various proposals for attracting investment to the province came under discussion at a meeting of Steering Committee of Provincial Committee on Investment (PCOI) held here on Monday, with...
Complete Story
Faisalabad markets dull
FAISALABAD, Oct 8: Owing to US and its allies attack on Afghanistan, all the major markets of the city including yarn, cloth, grossery, grain and leading commercial centres presented a deserted...
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