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| November 6, 2001 | Tuesday | Shaba’an 19, 1422 |
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Asian Bank to extend $600m next year: Five major projects
ISLAMABAD, Nov 5: The Asian Development Bank (ADB) will offer $600 million to Pakistan in 2002 to help undertake five major development projects, including Sindh Rural Development Project.... 
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MNCs plan cut in consumer items prices
KARACHI, Nov 5: Multinational companies are considering price cuts in consumer items ahead of Ramazan in view of over five per cent rupee appreciation against the dollar, making imports of raw...
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Private sector credit starts picking up
KARACHI, Nov 5: Banks are reporting a pickup in the demand for the private sector credit during this quarter but the pace of the credit intake is still a bit slow....
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14m shares in MCB disinvested for Rs364m
ISLAMABAD, Nov 5: Privatization Commission signed here on Monday share purchase agreements with three successful bidders for the 14 million government shares (6 per cent) in Muslim Commercial Bank (MCB), and...
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Phutti arrival falls short by 15.63pc
KARACHI, Nov 5: Phutti (seed cotton) arrival into ginneries up to Nov 1, 2001, remained short by 15.63 per cent over the corresponding period of last year. This gave impetus to...
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Hub Power Company: CORPORATE PROFILE
KARACHI, Nov 5: At a meeting in Karachi on Monday, the Board of Directors of Hub Power Company Limited, recommended final dividend, subject to lenders’ approval, at 22 per cent (Rs2.2...
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Hasty selling pushes index down by 38.91 points
KARACHI, Nov 5: Stocks on Monday remained in a terribly bad mood, as investors were a bit disappointed over the final dividend of 22 per cent by the Hubco management and...
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Opec may cut oil output by a million barrels a day: Rodriguez
KUALA LUMPUR, Nov 5: The Organization of Petroleum Exporting Countries (Opec) may cut oil production by a million barrels a day (bpd) to boost prices, its secretary general said on Monday....
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Economic storms may limit UK euro zone
LONDON, Nov 5: The global economic chill is making it more difficult for Britain’s Labour government to decide when to ask voters to take the plunge into the unfamiliar waters of...
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China’s economic prospects bright despite global outlook: Zhu
BANDAR SERI BEGAWAN, Nov 5: China’s Premier Zhu Rongji on Monday gave a bright outlook for China’s economy, saying increasing foreign investment would partly offset the decline in exports arising from...
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Dollar gains slightly agaist yen in Tokyo
TOKYO, Nov 5: The dollar rose slightly against the yen and euro in Tokyo on Monday as traders anticipated a rate cut by the United States Federal Reserve this week but...
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Inflation targeting unnecessary: BoJ
TOKYO, Nov 5: Inflation targeting by the Bank of Japan through buying more securities is unnecessary, a board member said on Monday as lawmakers prepared to submit a bill to parliament...
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Malaysian palm oil sets two-month high
KUALA LUMPUR, Nov 5: Malaysian palm oil futures rose to their highest in two months on Monday, and traders predicted more gains due to bullish market sentiment....
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Sugar market seen riding out Cuban hurricane
LONDON, Nov 5: Damage to Cuba’s sugar cane crop after Hurricane Michelle hit the island was unlikely to have a major impact on world sugar prices, European traders and analysts said...
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Stronger rupee improves outlook for equity markets: COMMENT
KARACHI, Nov 5: A stronger rupee has improved the equity market outlook for domestic investors unlike the past when depreciation of the national currency made rupee returns distinctly unattractive on a...
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APAC wants liquidation of PNSC
ISLAMABAD Nov 5: Pakistan National Shipping Corporation (PNSC) has become a big burden on the national exchequer showing no signs of betterment in its performance and better it should discontinue its...
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Slow phutti arrivals lead lint prices up
KARACHI, Nov 5: Trading on the cotton market on Monday resumed on a bullish note as spinners were not inclined to take even a technical breather followed by reports of about...
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Sugarcane output exceeds target
KARACHI, Nov 5: The sugarcane output from current crop has reached 47 million tons against a target of 43.72 million tonnes, and could touch 50 million tonnes by the end of...
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War risk levy, rising rupee hit rice exports
KARACHI, Nov 5: War-risk shipping insurance surcharges and an appreciating rupee have badly hit Pakistan’s rice exports, traders said on Monday....
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Long-term policy for rice export sought
KARACHI, Nov 5: The export of rice has been affected with the imposition of war risk surcharge, withholding tax, labour surcharge, interest cash and above all fluctuation of exchange rates 4...
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