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November 2, 2001 Friday Shaba’an 15, 1422 40pc saving in oil import bill estimated: Post-Sept 11 turmoil ISLAMABAD, Nov 1: Pakistan expects $1 to $1.2 billion saving (40 per cent) in its $3.5 billion annual oil import bill if the prevailing situation continues. But, this will result in... Ishrat outlines multi-pronged strategy KARACHI, Nov 1: The State Bank Governor Dr Ishrat Hussain outlined on Thursday a multi-pronged strategy to tackle the current situation arising out of the September 11 incident in the US.... Pakistan to buy textile machinery from India ISLAMABAD, Nov 1: Pakistan has decided to import $200 million worth of textile machinery and equipment from India during the current fiscal year, official sources told Dawn.... SBP makes heavy dollar buying from banks: Comfort for exporters KARACHI, Nov 1: The State Bank made heavy buying of US dollars from the inter-bank market last month to keep the greenback a bit stable for exporters.... NWFP needs to arrange Rs9bn in next five years: 373 uplift schemes PESHAWAR, Nov 1: The NWFP has a throw-forward liability of Rs9 billion to ensure completion of some 373 development schemes during the next five years, official sources told Dawn here on... Third phase of tax survey postponed ISLAMABAD, Nov 1: The government has postponed the third phase of tax survey to be carried out in 17 cities owing to the prevailing situation perhaps till the next financial year,... NDFC amalgamated with NBP KARACHI, Nov 1: The National Development Finance Corporation (NDFC) stood amalgamated with the National Bank of Pakistan from Thursday (November 1) following the approval by the government.... KSE index breaches 1,400-point barrier on panic-selling KARACHI, Nov 1: The KSE 100-share index on Thursday breached through jealously guarded psychological barrier of 1,400 points on panic-selling triggered by war threats by India, but leading stock analysts are... Microsoft, US govt reach deal on antitrust case WASHINGTON Nov 1: Microsoft Corp and the Justice Department reached a tentative agreement to settle the historic antitrust case against the software giant, and state attorneys general were reviewing terms of... China-Japan talks end without solving trade dispute BEIJING, Nov 1: China and Japan on Thursday ended one day of talks in Beijing without reaching a solution to a dragging trade dispute over tit-for-tat import restrictions.... Arab financiers call for services liberalization BEIRUT, Nov 1: Senior financiers called on Arab governments on Wednesday to open up their services market at least to each other and adopt a unified stand at next month’s meeting... Dollar eases against yen in Tokyo trading TOKYO, Nov 1: The dollar eased against the yen Thursday on Japanese exporter selling but stayed firm after the release of better-than-expected economic data from the United States, dealers said.... WTO urged to prevent its anti-dumping rules SEOUL, Nov 1: South Korea urged the World Trade Organization to prevent its anti-dumping rules from being abused on Thursday, one week before key WTO talks open.... S and P warns Japan banks over interest rates TOKYO, Nov 1: Japanese banks with large government bond holdings will be in serious danger if the country’s ultra-low interest rates rise, a credit agency warned on Thursday, but analysts argue... Indian economy on track: Sinha NEW DELHI, Nov 1: The Indian economy is on a “satifactory growth” track despite the fallout of the terrorist attacks on the United States, Finance Minister Yashwant Sinha said on Thursday.... NY cotton futures NEW YORK, Nov 1: NY cotton futures closes down 0.10 cent on Wednesday based on market orders as of 1327 EST, floor sources said.... World Bank report pins hope on new trade round WASHINGTON, Nov 1: Removing barriers to trade, the topic of WTO meetings in Doha in early November, could significantly boost the long-term prospects of developing countries, many of which are suffering... Cotton prices up on tight supplies KARACHI, Nov 1: Firm conditions were again witnessed on the cotton market on Thursday as ginners further raised their asking prices because of pressure on ready supplies.... Pakistan, Sri Lanka trade ISLAMABAD, Nov 1: A 14-member trade delegation from Pakistan led by Tariq Ikram, Minister of State and Chairman, Export Promotion Bureau, visited Sri Lanka from October 29 to 30, to explore... Malaysian palm oil prices up KUALA LUMPUR, Nov 1: Malaysian palm oil futures hit fresh highs, after breaking a rally just a day earlier, on news that India had cut import duty on crude palm oil...

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