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| October 30, 2001 | Tuesday | Shaba'an 12, 1422 |
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Per capita income, debt gap widens
KARACHI, Oct 29: Every single Pakistani now carries a debt burden of about Rs29,000 and earns only Rs25,000 a year, reveals the State Bank of Pakistan’s annual report for the year... 
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Capital markets show mixed trends
KARACHI, Oct 29: Pakistan’s capital market posted mixed performance during the year ended June 30, 2001, represented by drop in the value of equities but encouraging movements in the corporate bond...
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NDFC to be merged with NBP on Thursday
KARACHI, Oct 29: The State Bank said on Monday that National Development Finance Corporation (NDFC) will stand amalgamated with the state-run National Bank from Thursday (November 1). The central bank said...
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External debt, liabilities up at $38.4bn
KARACHI, Oct 29: Pakistan’s external debt and liabilities stood at US$38.4 billion at the end of fiscal year July/June 2000-01 up from $38.2 billion a year-ago....
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Stock market witnesses bullish activity
KARACHI, Oct 29: Stocks on Monday remained in a bullish frame of mind as the strength of the PTCL and other pivotals evoked active sympathetic buying on the other counters amid...
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10 TFCs floated
KARACHI, Oct 29: For the private debt market, financial year 2001 reflected excitingly encouraging trend since as many as 10 new Term Finance Certificates (TFC) were floated during the year. These...
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Demand for organic foods on rise
KARACHI, Oct 29: The State Bank of Pakistan perceives vast opportunity for Pakistan’s farmers to “avail the emerging world demand for organically produced food items” and has suggested to go in...
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EoIs invited
ISLAMABAD, Oct 29: The Privatisation Commission has invited expressions of interest (EoI) for the sale of assets of Republic Motors Karachi on an ‘as is where is basis’, an official press...
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SBP sells Rs12.2bn PIBs on premium
KARACHI, Oct 29: The State Bank on Monday conveniently raised Rs12.2 billion for the government by selling 10-year Pakistan Investment Bonds....
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Prospect of Opec output cut boosts oil price
LONDON, Oct 29: The price of oil was lifted here on Monday by the prospect of an Opec production cut and speculation that the United States might buy crude to replenish...
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IPBCC slashes war surcharges by 20 per cent
LONDON, Oct 29: Shipping lines said on Monday they had slashed by 20 per cent war surcharges they had slapped on cargoes to Pakistan, which have been crippling the country’s trade...
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EU urges flexibility in world trade talks
LUXEMBOURG, Oct 29: The European Union called on Monday for flexibility in crucial world trade talks in Qatar next month and stressed the need to help developing countries play a full...
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Dull trading on cotton market
KARACHI, Oct 29: Trading on the cotton market on Monday resumed on a relatively dull note as spinners adhered to the sidelines most of the time anticipating further decline in prices....
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Dollar slips against yen
TOKYO, Oct 29: The dollar slipped against the yen in Tokyo Monday on technical factors as weak Japanese industrial output data and a Bank of Japan decision to leave monetary policy...
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Indian rupee closes firmer
MUMBAI, Oct 29: The rupee gained on Monday helped by bunched dollar inflows after a long weekend and light corporate demand, while forwards moved up on hopes of lower interest rates...
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Wheat target fixed at 20.1m tons
ISLAMABAD, Oct 29: The Federal Committee on Agriculture (FCA) on Monday fixed target of wheat at 20.1 million tons for the upcoming season....
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