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| October 20, 2001 | Saturday | Shaba'an 2, 1422 |
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Conversion of RDFC, SBFC into limited co: Ord promulgated
ISLAMABAD, Oct 19: President Pervez Musharraf on Friday promulgated an ordinance allowing the federal government to amalgamate the Regional Development Finance Corporation and Small Business Finance Corporation into one company.... 
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Opec may cut output to boost prices
VIENNA, Oct 19: Opec insisted on Friday it could cut oil output to prop up crude prices which have slumped to two-year lows since September 11, but said it will wait...
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Phutti arrivals to ginneries fall by 24pc
KARACHI, Oct 19: The flow of phutti from the fields to the ginneries up to October 15, was slower by 24.29 per cent as compared to the corresponding period of last...
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PPL seeks increase in rate of return to 40pc
ISLAMABAD, Oct 19: Pakistan Petroleum Limited (PPL) has sought increase in its rate of return from 27 per cent to 40 per cent to improve cash flow and exploration activities, a...
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Stocks finish weekend session on optimistic note
KARACHI, Oct 19: Stocks finished the weekend session on an optimistic note on strong renewed buying by both the leading institutional traders and the foreign funds, sending signals that the worst...
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Fayzan Modaraba public offer undersubscribed
KARACHI, Oct 19: Karachi Stock Exchange announced on Friday that the Board had decided to suspend trading in certificates of Fayzan Manufacturing Modaraba with effect from Monday, October 22....
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Bed linen quota to rise by 61.4pc: 3-year projection
KARACHI, Oct 19: The textile quota growth would be higher than the actual increase of 15 per cent in next three years as agreed by the European Union (EU) three days...
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SECP wants reinsurance arrangements by companies
ISLAMABAD, Oct 19: The Securities and Exchange Commission of Pakistan (SECP) has directed insurance companies to make re-insurance arrangements to enhance maximum risk coverage....
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Asian stock markets mixed
TOKYO, Oct 19: Asian stocks were mixed on Friday, with no fresh leads after a lower Wall Street amid a weak outlook for companies reporting and concerns about the US-Afghanistan conflict....
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Lower inflation gives ECB more flexibility: EU
GHENT, Oct 19: European Union leaders agree that lower inflation would give the European Central Bank more flexibility in setting monetary policy, according to a new draft statement obtained on Friday...
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OECD sees gloomy world prospects this year
LONDON, Oct 19: The world’s top economies are likely this year to post their worst showing in almost two decades, expanding by a paltry one per cent, according to tentative figures...
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Japan PM says reforms must proceed despite GDP
TOKYO, Oct 19: Japanese Prime Minister Junichiro Koizumi said on Friday structural reform must proceed whether or not the economy was growing, fending off calls to ditch fiscal discipline and resort...
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Greenback in tight range
TOKYO, Oct 19: The dollar was stuck in a tight range on Friday as traders remained uncertain over the outcome of the US-led war on terrorism, discounting negative comments from Japanese...
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Malaysian palm oil ends down
KUALA LUMPUR, Oct 19: Malaysian palm oil futures closed lower on Friday amid disappointment over the 2002 federal budget which contained little incentive for the industry....
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Nestle to takeover Scholler
VEVEY, Oct 19: Swiss food giant Nestle has “succesfully completed” negotiations to take over the German Scholler food group, the Swiss company said in a statement on Friday....
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US, European stocks fall on gloomy outlook
NEW YORK, Oct 19: Stocks sagged at midday on Friday as murky outlooks from companies like software titan Microsoft Corp. and lingering concern over the widening anthrax scare hung over Wall...
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Firm trend on cotton market
KARACHI, Oct 19: Cotton market on Friday showed firm trend as spinners and mills continued to build-up long positions at the current level on predictions of major boost to exports of...
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Pakistan awaits Iraqi quality guidelines: Wheat replacement
KARACHI, Oct 19: Pakistan, struggling to finalize a wheat export deal with Iraq, aims to replace 52,000 tons of rejected grain after receiving new quality guidelines from Baghdad, a commerce ministry...
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Malaysia revises growth forecast downward
KUALA LUMPUR, Oct 19: Malaysia has revised downwards its 2001 gross domestic product (GDP) growth forecast for a second time, to 1.0-2.0 per cent, because of the “greater-than-expected” slowdown in the...
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Creditline for farmers to be raised
KARACHI, Oct 19: Federal minister for food and agriculture Khair Mohammad Junejo on Friday said that the present government was endeavouring to resolve the problems being faced by the growers....
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