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November 9, 2001 Friday Shaba’an 22, 1422 Business for more fiscal space: Meeting with WB official KARACHI, Nov 8: Regional Vice President of the World Bank for South Asia Mieko Nishimizue said on Thursday that the government should not allow the structural reforms to derail or slacken... Pakistan gets two years to eliminate TRIMs ISLAMABAD, Nov 8: The World Trade Organization (WTO) has granted Pakistan a two-year extension (till December 2003) in transition period for the elimination of Trade Related Investment Measures (TRIMs) for all... Textile export quota utilization rises KARACHI, Nov 8: Amidst all reports of cancellation and deferment of export orders from abroad, an economic slowdown at home and building up of inventory in the textile units, Pakistan has... PTCL earns Rs18.2bn profit KARACHI, Nov 8: The golden rule for investment in equities, often touted by the best of stock picking gurus: “Buy on rumours; sell on news”, couldn’t have been more convincingly demonstrated... KSE 100-share index rises by 28 points KARACHI, Nov 8: Stocks on Thursday finished with an extended gain boosted by a good cash dividend by the Pakistan Telecommunication Company Limited, which incidentally fell in line with the general... China set to stroll into WTO, boost economy DOHA, Nov 8: After a 15-year struggle to join the World Trade Organization, China’s admittance this week is likely to be as welcome for the other 142 members as it is... Saudi Arabia says Opec can cut up to 1.5m bpd MARRAKESH, Nov 8: Saudi Arabia on Thursday raised the bar for Opec’s next round of production cuts, saying the group would need to reduce supplies by more than a million barrels... WTO chief gives stark warning to trade ministers DOHA, Nov 8: World trade ministers, haunted by fears of terrorism and recession, got a stark warning here on Thursday from the head of the WTO that their efforts to expand... Dollar falls back in Tokyo trading TOKYO, Nov 8: The dollar fell back against the yen here on Thursday in late technical trading after gaining ground on concern over the health of Japanese banks, dealers said.... Malaysian palm oil prices lower KUALA LUMPUR, Nov 8: Malaysian palm oil futures gave up the previous day’s gains and ended lower on Thursday after players booked profit ahead of a series of important crop data,... Asian share markets stronger TOKYO, Nov 8: Asia’s major stock markets made gains on the back of bargain-hunting on Thursday, with investors seeking shares in firms with solid earnings.... NY cotton futures higher NEW YORK, Nov 8: NY cotton futures rallied on broad buying to settle on Wednesday at a five-week peak, with most operators saying the near free-fall which took prices down to... Wall Street annual meeting BOCA RATON, Nov 8: Brokers, traders and other financial executives in recent years have discussed lofty topics like overseas expansion, industry consolidation and changes in market structure at their annual Florida... NWFP customs to take action against owners: Non-duty paid cars PESHAWAR, Nov 8: The NWFP-based authorities of the Central Board of Revenue’s customs extension are making arrangements to put hand on the owners of cars and vehicles that had recently been... Panic cotton buying continues KARACHI, Nov 8: Panic mill buying on the cotton market continued for the second session in a row, but ginners were a bit reluctant to go all out for unloading their... Lobbyist, exporters discuss image building KARACHI, Nov 8: The third meeting in series between the foreign lobbyist and local exporters as well as industrialists held here on Thursday to update and discuss the progress made so... Revenue collection may fall by Rs14bn LAHORE, Nov 8: The revenue collection during the fiscal year 2001-02 is likely to fall short of target by Rs13-14 billion on account of loss in customs duties and sales tax... SBP to set up Zahid Husain chair: Higher studies KARACHI, Nov 8: The State Bank would set up an endowment chair in the name of its first Governor (Late) Zahid Husain in one of the top universities of Pakistan.... ‘Corporate culture being promoted’ LAHORE, Nov 8: The Securities and Exchange Commission of Pakistan is trying to promote a new corporate culture in the country based on the principles of firmness, fairness and friendliness in... Poultry becomes costlier KARACHI, Nov 8: As winter sets in, the demand for eggs go up pushing the prices up to Rs33 from Rs30 a dozen in the last one week....

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