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October 23, 2001 Tuesday Shaba'an 5, 1422 Pakistan shipments held up at New York: Anthrax scare KARACHI, Oct 22: In a spate of negative developments crippling exports after Sept 11, the latest is the Anthrax threat which has led to detention of Pakistani goods by US Food... Banks set to cut lending rates KARACHI, Oct 22: Banks are ready to reduce their lending rates after a huge 2 per cent cut in the State Bank discount rate. But the lowering of their lending rates... EoIs invited for 49pc govt shares in ABL ISLAMABAD, Oct 22: The Privatization Commission has decided to disinvest the government’s 49 per cent shares in the Allied Bank of Pakistan (ABL) through a public auction.... No more low-cost refinance facility: Razak LAHORE, Oct 22: Commerce Minister Abdul Razak Dawood on Monday said businessmen had grossly misused the low-cost export refinance facility in the past, and built bungalows and acquired Pajeros.... KSE 100-index up by 6.6pc on speculative buying KARACHI, Oct 22: Boom-like conditions were witnessed on the stock market on Monday as the KSE 100-share index breached through the psychological barrier of 1,300 points just in one go, up... Late returns may be accepted for SAS ISLAMABAD, Oct 22: The government is likely to accept as a special case all late income tax returns filed till October 31 for self assessment scheme, official sources said here on... Euro loses ground as focus turns to ECB rate decision LONDON, Oct 22: The euro lost ground on Monday as investors bet that the European Central Bank (ECB) would disappoint the market when it meets to discuss interest rates later this... Hitachi, Toshiba team up to develop software in China TOKYO, Oct 22: Top electronics firm Hitachi Ltd. and rival Toshiba Corp. said on Monday they will team up with other Japanese and Chinese firms to develop software in China where... Opec sticks to price target DUBAI, Oct 22: Opec moved swiftly at the weekend to dispel any notion of the cartel ditching its high oil price target, but seemed in no rush to slash output to... WTO presses for key conference in Qatar DOHA, Oct 22: The World Trade Organization pushed ahead on Monday with preparations to hold a key ministerial conference in Qatar from November 9-13, sidestepping reports the venue may changed over... KLM confirms talks with BA AMSTERDAM, Oct 22: The Dutch airline KLM and British Airways are seeking ways, short of a full alliance, jointly to reduce costs and boost revenues, KLM spokesman Bart Koster said on... Dollar firms in Tokyo trading TOKYO, Oct 22: The dollar was firmer in Tokyo trading on Monday as economic uncertainty mounted in Germany and Japan and concerns eased over the spread of anthrax attacks in the... Gold drifts down LONDON, Oct 22: Gold prices drifted back on Monday morning in Europe, as many market participants turned their attentions to the base metals with the onset of London Metal Exchange (LME)... Japan’s trade surplus continue to falls TOKYO, Oct 22: Japan’s trade surplus has continued to fall, declining 18.3 per cent in September from a year ago as exports were slowed by the global economic slump, especially in... Asian share markets close mixed in lacklustre trading TOKYO, Oct 22: Asian share markets closed mixed in lacklustre trading on Monday, with players cautious ahead of economic data this week.... Opec may not cut output for longer time RIYADH, Oct 22: Can the Organization of Petroleum Exporting Countries (Opec) continue to cut its output for long?... Brisk trading on cotton market KARACHI, Oct 22: Brisk trading was witnessed on the cotton market on Monday as spinners and mills were not inclined to take even a technical breather and made fresh extensive covering... Ishrat assures support to sugar industry KARACHI, Oct 22: Governor State Bank of Pakistan (SBP) Dr Ishrat Hussain has assured sugar industry that the banks will consider rescheduling their loans sympathetically.... Package for access to US markets on cards KARACHI, Oct 22: United States Deputy Secretary of State Allen Larson assured the Pakistani industrialists and exporters that the State Department would do its best to make importers of the US... SBP to allow more time for remitting export proceeds KARACHI, Oct 22: The State Bank of Pakistan (SBP) has agreed to allow more time to rice exporters for remitting export proceeds, owing to delays in clearance of consignments by the...

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