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| October 9, 2001 | Tuesday | Rajab 21, 1422 |
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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... 
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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...
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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,...
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$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....
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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....
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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...
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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...
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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...
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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...
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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....
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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...
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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....
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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....
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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....
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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....
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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...
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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....
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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....
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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...
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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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