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November 14, 2001 Wednesday Shaba’an 27, 1422 Shipping lines cut WRP by 75pc KARACHI, Nov 13: The foreign shipping lines have agreed to immediately reduce war risk premium (WRP) by 75 per cent which would mean that exporters will now have to pay only... Afghani at two-year high against rupee QUETTA, Nov 13: Afghani appreciated against rupee by 25 to 30 per cent on Tuesday—highest on any single day in last two years— following reports of collapse of Kabul to the... WTO members split over textile trade DOHA, Nov 13: The World Trade Organization ministers were struggling to clinch agreements on agriculture, textiles and environmental issues in what looked set to be difficult all-night negotiations on an agenda... SBP first quarter report by month-end KARACHI, Nov 13: The State Bank of Pakistan is releasing the report on economic performance during first quarter of this fiscal (July-September 01) in last week of this month.... PS sale on decline ISLAMABAD, Nov 13: The Ministry of Industries and Production has expressed its serious concern over the declining sale of the Pakistan Steel, and called upon its authorities to look into the... Stocks fall across the board on panic-selling KARACHI, Nov 13: Stocks on Tuesday again fell across the board on panic selling in sympathy with world bourses triggered by reports of New York air crash killing all the 246... ‘Japan economy may shrink for next two years’ TOKYO, Nov 13: Japan’s economy may shrink for the next two years pressured by weak productivity at home amid a global slump, a top minister said on Tuesday, pledging to watch... Pakistan likely to suffer $2 billion loss KARACHI, Nov 13: The Export Promotion Bureau (EPB) chairman Tariq Ikram on Tuesday said that the country was likely to suffer up to $2 billion losses on account of post-Sept 11... Exports from Sialkot drop by 63pc SIALKOT, Nov 13: Due to prolonged US-led military operation in Afghanistan and the terror attacks in America, about 63 per cent decline has been observed in the total exports from Sialkot,... Dollar rises against yen TOKYO, Nov 13: The dollar rose against the yen Tuesday on relief a deadly passenger plane crash in New York was unlikely to have been caused by terrorists as well as... EU Parliament passes anti-money laundering bill STRASBOURG, Nov 13: The European Parliament on Tuesday approved by a large majority tougher anti-money laundering legislation, seen as the cornerstone of the European Union’s war on the financing of crime.... Malaysian palm oil futures off low KUALA LUMPUR, Nov 13: Malaysian crude palm oil futures rebounded from early lows on Tuesday but stayed in negative territory after players booked profit ahead of a religious holiday, traders said.... Agricultural Bank of China to raise $128m HONG KONG, Nov 13: The Agricultural Bank of China has issued floating rate certificates of deposits to raise US$128 million, the Hongkong and Shanghai Banking Corp. Ltd. said in a statement... NY gold closes higher NEW YORK Nov 13: New York gold futures jumped on Monday after a commercial airliner crashed in the borough of Queens, in a reflexive flight to hard assets by traders still... Sindh preparing rolling plan for industries KARACHI, Nov 13: The Sindh government is in the process of preparing a rolling plan 2001-2006 for industries and commerce sectors to improve the overall industrial output of the province.... Easy condition on cotton market KARACHI, Nov 13: Cotton market on Tuesday passed through another easy session as prominent spinners again extended guarded support in a bid to outwit ginners.... ADB organizes workshop for govt employees: Project management KARACHI, Nov 13: Three consultants of the Asian Development Bank began on Tuesday a two-day ‘Project Management’ Workshop for the federal and provincial governments’ employees in relation to their on going... Belgium wants more trade with Pakistan SIALKOT, Nov 13: Trade officer of Belgium in Islamabad Abid Hussain on Tuesday said that there were bright opportunities of setting up joint ventures between Belgium and Pakistan in different track... Palm oil prices up ahead of Ramazan KARACHI, Nov 13: Pakistani palm oil prices continued higher this week on strong domestic demand ahead of of Ramazan, while dealers said on Tuesday that the market had room for further... Exporters need tariff concession: PHMA LAHORE, Nov 13: The Pakistan Hosiery Manufacturers Association (PHMA) has urged the government to press the US for reducing tariffs on the textiles imports from Pakistan to head off further loss...

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