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November 11, 2001 Sunday Shaba’an 24, 1422 Oil imports decline by 23.50pc in 4 months ISLAMABAD, Nov 10: Oil imports have declined by 23.50 per cent during first four months (July-October 2001) to $1.004 billion against $1.312 million during the same period last year.... Loan defaults down to Rs169 billion: Banks recover Rs2.6bn KARACHI, Nov 10: All commercial banks recovered about Rs2.6 billion worth of defaulted loans in the first quarter of this fiscal year (July/September 2001). Specialized banks and development financial institutions (DFIs)... SECP directive puts insurance cos in quandary: Reinsurance cover KARACHI, Nov 10: All the private insurance companies are in a state of quandary after receiving an instruction from the Securities and Exchange Commission of Pakistan (SECP) to seek reinsurance cover... Dawood calls for lasting solution to debt problem DOHA, Nov 10: Pakistan on Saturday called for building a more effective structure for the governance of globalization, progressively and equitably integrating the developing countries into the world economy and focused... Foreign investors sell Rs467m shares KARACHI, Nov 10: Foreign investors indulged in massive selling during the month of September as the terrorist attack on the World Trade Center and Pentagon has jolted the international stock markets... National Foods: CORPORATE PROFILE KARACHI, Nov 10: On Saturday, the company convened its annual general meeting at its registered office in Karachi. Several speakers from the minority shareholders rose to appreciate the growth in sales/... Rs6.57bn refunded in Oct ISLAMABAD, Nov 10: The Central Board of Revenue (CBR) has paid Rs6.57bn refund/ rebate to businessmen in October against Rs3.92bn it paid during the same period last year, showing an increase... Foreign corporate citizens returning to business: CORPORATE FOCUS KARACHI, Nov 10: The foreign corporate citizens, who had left after September 11 catastrophe, are returning to Pakistan. The threat perception has subsided and foreigners now feel secure in their jobs.... US wholesale prices take record plunge WASHINGTON, Nov 10: US wholesale prices took their sharpest tumble on record during October as energy costs fell by the largest amount since 1989 and carmakers turned to cut-rate financing to... Greenback mixed in New York NEW YORK, Nov 10: The dollar was mixed on Friday but rounded out a week of gains against European currencies as investors bet that aggressive US Federal Reserve rate cuts and... Stocks eke out small gains NEW YORK, Nov 10: Stocks eked out small gains on Friday, but it was enough to lift the blue-chip Dow Jones industrials to a close above its pre-September 11, levels for... No more ECB rate cuts ROME, Nov 10: The European Central Bank’s cut in interest rates this week was more than sufficient and there will be no more cuts in the near future, ECB board member... Iran wants foreign investment in natural gas sector TEHRAN, Nov 10: Iran Oil Minister Bijan Namdar Zangeneh called on Saturday for foreign investment in the country’s natural gas sector.... US refuses to drop anti-dumping measures DOHA, Nov 10: The United States refused on Saturday to lay down its anti-dumping weapon hotly disputed by an array of trading partners including Japan to expand global trade.... India criticizes WTO over ignoring needs of poor countries DOHA, Nov 10: India sharply criticized the World Trade Organization here on Saturday, accusing it of ignoring the needs of poor countries and badgering them to take positions against their will.... Nigeria’s Ogoni, Shell can’t be reconciled LAGOS, Nov 10: The people of Nigeria’s Ogoniland cannot be reconciled with the local unit of Royal/Dutch Shell because the oil multinational has not changed its ways, Ogoni leaders said in... NY cotton shrugs off USDA data NEW YORK, Nov 10: NY cotton futures charged to a five-week peak on Friday as traders focused on brisk sales by US exporters and bet slack cotton demand will start to... Bullish trading on cotton market KARACHI, Nov 10: Trading on the cotton market on Monday resumed on a bullish note as reports of a short crop kept spinners and mills at their toes all the day... Artificial fibre off-take may reach 400m tons KARACHI, Nov 10: Domestic consumption of artificial fibre is expected to touch the high mark of well over 400 million tons during the current year as the local textile industry is... Anthrax 900 containers await clearance ISLAMABAD, Nov 10: As many as 900 containers of Pakistani export goods are awaiting anthrax clearance at the United States and European ports....

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