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October 16, 2001	Tuesday	Rajab 28, 1422

Preventive steps restrict losses: Strike impact on industries KARACHI, Oct 15: The Monday’s strike by Pak-Afghan Defence Council partially affected the industrial output in three main industrial areas but industries in SITE did not feel much impact because of...		Textile millers expect drop in cotton intake LAHORE, Oct 15: Textile millers anticipate a considerable drop in their cotton consumption and closure of mills during next several months due to shrinking orders and falling yarn prices in the...

Shell Gas acquires SNGPL LPG business ISLAMABAD, Oct 15: Privatization Commission signed here on Monday an agreement with Shell Gas LPG (Pakistan) Limited and Sui Northern Gas Pipelines Limited (SNGPL) for the divestment of the LPG business...		Pakistan, Brunei to expand cooperation ISLAMABAD, Oct 15: Pakistan and Brunei Darussalam on Monday agreed to foster the existing volume of interactions in the oil and gas sector, activating the already established Joint Ministerial Commission (JMC)...

Buying euphoria rules KSE as index up by 44.38 points KARACHI, Oct 15: Stocks on Monday opened on a bullish note and ended with widespread gains as a judicious blend of strong foreign and local support lifted the KSE 100-share beyond...		New financial system of NWFP may be delayed PESHAWAR, Oct 15: The Provincial Finance Committee (PFC), NWFP, assigned to prepare by December 31, 2001 a new financial system the province needs after the establishment of 24 district governments, is...

Govt set to appoint Zafar Ali as PPIB chief ISLAMABAD, Oct 15: The government is set to appoint Zafar Ali Khan, an MP-1 officer and former secretary privatization, as managing director of the Private Power and Infrastructure Board (PPIB) in...		PC to announce names today: SoQs for UBL sell-off ISLAMABAD, Oct 15: The Privatization Commission will announce here on Tuesday various local and foreign parties, which have deposited Statements of Qualification (SoQs) to buy the United Bank Limited....

APEC gathering opens in Shanghai amid tight security SHANGHAI, Oct 15: Senior Asia-Pacific officials met on Monday in China’s commercial capital to put the finishing touches to their economic agenda, leaving aside the thornier issue of global terrorism for...		Japan bankruptcies rise in first half TOKYO, Oct 15: Bankruptcies in Japan over April-September rose to their third highest level since World War II as an economic slump caused many firms to bleed, a research centre said...

Oil prices fall in London market LONDON, Oct 15: Oil prices fell on Monday, depressed by the prospect of slack global demand and little prospect of imminent action from suppliers to tailor output accordingly....		Dollar slips in Japan on fears of a long war TOKYO, Oct 15: The dollar slid in Tokyo Monday on fears of a further slump in the world’s number one economy amid concerns of prolonged US-led retaliation against terrorism and potential...

Malaysian palm ends down KUALA LUMPUR, Oct 15: Malaysian palm oil futures ended lower on Monday after players found a rebound in exports for the first half of October insufficient to cover production....		US Senate farm bill likely next week WASHINGTON, Oct 15: The Senate Agriculture Committee was likely to begin writing a new US farm law toward the end of next week, beginning with less controversial sections of the bill,...

Asian shares mostly lower TOKYO, Oct 15: Asian shares ended mostly lower on Monday, dragged lower by declines on Wall Street and caution among investors over possible bio-terror attacks in the United States....		Saudi investors fear freezing of their US assets NEW YORK, Oct 15: Several Saudi investors are concerned that their US assets may be frozen in the global crackdown on terrorism....

Cotton market lacks lustre KARACHI, Oct 15: Trading on the cotton market on Monday resumed on a dull note as spinners adhered to the sidelines most of the time and did not make fresh buying...		US corporate loan outlook dims LOS ANGELES, Oct 15: Fears of rising defaults amid Sept 11 terrorist attacks have slowed down United States’ corporate loan demand as well as corporate lending, indicated by last week’s Standard...

BD economy grows in FY2001 DHAKA, 15 Oct: Bangladesh economy did quite well during financial year 2001 that ended in June last though prolonged political turmoil and rising fiscal pressures somewhat threatened the country’s fragile macro-economic...		42 CBR officials await NAB clearance ISLAMABAD, Oct 15: As many as 42 officials of the Central Board of Revenue (CBR) have been asked to apply for long leave until they were cleared by the National Accountability...

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