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November 1, 2001 Thursday Shaba’an 14, 1422 Slowdown hits global economy: World Bank report WASHINGTON, Oct 31: The global economy is slipping toward recession, with growth in trade undergoing one of the most severe decelerations in modern times, the World Bank warned in a report... US wants more textile imports from Pakistan WASHINGTON, Oct 31: The Bush administration wants Congress to write legislation allowing a freer flow of Pakistani textile products into the United States, US Trade Representative Robert Zoellick said on Tuesday.... Yarn exports decline by 15pc in Oct KARACHI, Oct 31: There is a sharp fall in the off-take of yarn in the domestic as well as world market after Sept 11, resulting in erosion of prices and higher... Businessmen optimistic about economy KARACHI, Oct 31: A group of business executives from multinationals and local companies expressed their determination on Wednesday to convert the present crisis situation into opportunities for Pakistan.... Sugar prices go up KARACHI, Oct 31: Sugar prices have gone up by Re1 to Rs2 per kg to Rs23-24 per kg from Rs21 per kg just a day before Shab-e-Barat falling on Thursday-Friday night.... Suzuki Motorcycles Pakistan: CORPORATE PROFILE KARACHI, Oct 31: The Report and Accounts for the year ended June 30, 2001, released by the company in early October, revealed some shuffling of large blocks of shares.... Stocks ease as follow-up support turns shy KARACHI, Oct 31: After a higher start on strong speculative buying triggered by reports of two important board meetings, stocks again finished in the minus column as follow-up support turned shy.... US says WTO outcome uncertain, lashes Japan WASHINGTON, Oct 31: Uncertainty looms over the outcome of World Trade Organization talks to begin next month under tight security in Qatar, US Trade Representative Robert Zoellick warned on Tuesday.... Asia lacking political leadership to ensure monetary cooperation HONG KONG, Oct 31: Economic and monetary cooperation in Asia is hampered by the lack of political leadership by the region’s two heavyweights, Japan and China, Asian officials were told on... Greenback rangebound in Tokyo trading TOKYO, Oct 31: The dollar was rangebound on Wednesday as weak consumer confidence data and another drop in US share prices were offset by buying by trust banks and fears of... New York cotton futures mixed NEW YORK, Oct 31: NY cotton futures finished mixed on Tuesday in modest dealings, as the market consolidated further after tumbling last week to near 30-year lows, with more sideways action... LDC warns of WTO failure at Doha GENEVA, Oct 31: Developing countries voiced dissatisfaction on Wednesday and warned that the WTO could be heading for a repeat performance of the Seattle failure, as delegates met to formally send... Pakistan, US businessmen discuss vital issues: Post-September 11 period CERRITOS, Oct 31: The Southern California Chapter of The Indus Entrepreneurs on Saturday hosted TiECon 2001, its fourth annual gala gathering for leading entrepreneurs.... Firm trend persists on cotton market KARACHI, Oct 31: Cotton market on Wednesday showed firm trend as leading spinners remained active buyers at the prevailing rates anticipating pressure on supplies followed by reports that leading ginners are... Modarabas ready to offer housing finance KARACHI, Oct 31: Modarabas are ready to offer housing finance under the recently-announced scheme of the State Bank and the SBP authorities seem willing to allow them to do this.... Razak assures higher rates for fine cotton ISLAMABAD, Oct 31: The Trading Corporation of Pakistan (TCP) has decided to purchase premium cotton qualities (Grade-I and II) from the market to encourage farmers towards better quality and contamination-free produce.... Power breakdown hits export orders KARACHI, Oct 31: A two to four hours daily interruption in electric supply due to loadshedding is rendering industry incapable of meeting even those export orders that have been cut down... 8.76pc fall in tax collection ISLAMABAD, Oct 31: The Central Board of Revenue has provisionally collected Rs30.2 billion during the first month of the second quarter (Oct-Dec) of the current financial year against Rs33.1 billion it... SBP makes one more cut in T-bills yield KARACHI, Oct 31: The State Bank on Wednesday cut the treasury bills cut-offs by 1.64-1.81 per cent in a follow-up of a two per cent cut in discount rates on October... CBR to set up export facilitation centres ISLAMABAD, Oct 31: The Central Board of Revenue has decided to establish three export facilitation centres (EFC) one each at Lahore, Gujranwala and Sambrial collectorates to facilitate the exporters....

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