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| October 21, 2001 | Sunday | Shaba'an 3, 1422 |
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SBP cuts discount rate by 2 per cent
KARACHI, Oct 20: The State Bank on Saturday cut its benchmark discount rate by 2 per cent to 10 per cent to pull the economy out of the recent slump. This... 
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Phutti price to be kept at Rs780: Razak
LAHORE, Oct 20: Conceding that the cotton prices in the country were higher than the international market, Commerce Minister Abdul Razak Dawood on Saturday said the government had decided to remain...
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Is globalization dead?
KARACHI, Oct 20: Does international economic recession spurred by Sept 11 episode signal that “globalization is dead”?...
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IMF proposes steps to improve tax system
ISLAMABAD, Oct 20: The International Monetary Fund (IMF) has recommended to the government for setting up a national large taxpayer office to improve administrative control over the taxpayers....
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Gold imports resume after four months
KARACHI, Oct 20: Gold imports have been resumed after remaining suspended for four months and one of the three licensed importers in the country has imported 10,000 tola in the last...
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Pakistan, Japan trade discussed
ISLAMABAD, Oct 20: Commerce Minister Abdul Razak Dawood on Saturday said that Japan was a major trading partner of Pakistani exports and collaborating in automotive industry....
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Cotton export may earn less forex
KARACHI, Oct 20: Cotton exports during the current season may not hit the last year’s high mark of $139 million owing to steep decline in world prices because of an expected...
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13 bids received for wheat export
KARACHI, Oct 20: The Trading Corporation of Pakistan (TCP) said on Saturday it had received 13 bids in response to a tender for the export of 200,000 tonnes of wheat to...
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Strategy evolved to boost sugar output
KARACHI, Oct 20: Minister for Food, Agriculture and Live Stock (Minfal) Khair Muhammad Junejo on Saturday said that two-pronged strategy has been evolved to enhance local sugar production to save precious...
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APEC row will not change Taiwan policy towards China
TAIPEI, Oct 20: Taiwan will not change its policy of relaxing business measures towards the mainland despite rowing with China over the Asia Pacific Economic Cooperation (APEC) forum summit, economic minister...
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New York cotton futures lower
NEW YORK, Oct 20: NY cotton futures finished at another 15-year trough on Friday as all-around sales drove the market down to new lows, with bearish fundamentals seen inflicting more pain...
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EU seeks interest rate cut
GHENT, Oct 20: The European Union is seeking to pressure the European Central Bank into cutting interest rates but the ECB appeared to win a war of words over the issue...
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US debt futures weaker, Ford issue weighs
CHICAGO, Oct 20: US debt futures reversed course to turn weak and end softer on Friday as an impending heavy debt issuance from Ford Motor Co. and a lack of significant...
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New York stocks may drop on weak profits
NEW YORK, Oct 20: Stocks are poised to slip in the week ahead with the flood of earnings expected to yield little good news, while uncertainty over the war in Afghanistan...
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NEC listing on NYSE may be delayed
TOKYO, Oct 20: The world’s number two semiconductor maker NEC Corp. of Japan said on Friday a plan to list on the New York Stock Exchange by March 2002, could be...
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IMF sees weak 2002 Europe growth
WASHINGTON, Oct 20: The International Monetary Fund has cut its economic growth forecast for the 12-nation euro zone for next year to the lowest in almost a decade to take account...
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Japan, Singapore leaders agree on free trade pact
SHANGHAI, Oct 20: Japanese Prime Minister Junichiro Koizumi and Singapore Prime Minister Goh Chok Tong agreed on a wide-ranging bilateral free trade agreement on Saturday, setting the stage for the pact...
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Bush boosts Qatar plan to host trade talks
SHANGHAI, Oct 20: US President George W. Bush gave a boost on Saturday to Qatar’s plans to press ahead with a crucial trade meeting next month despite concerns about security in...
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‘Opec may lower oil target price’
LISBON, Oct 20: Venezuelan President Hugo Chavez said on Friday that Opec oil producers could lower the floor of their target price band, the clearest sign yet that a weak global...
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Oil prices hit two-year low, as base metals remain unchanged
LONDON, Oct 20: Oil prices hit two-year low points and base metals remained in the doldrums as markets faced up to reality and braced for a long, deep trough in the...
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