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| November 17, 2001 | Saturday | Ramazan 1, 1422 |
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Banks hit by severe liquidity crisis: SBP injects Rs4.4bn
KARACHI, Nov 16: The State Bank on Friday injected Rs4.4 billion into the inter-bank market but the injection was too small to provide relief to the banks experiencing a serious liquidity... 
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Grain silos in private sector planned
ISLAMABAD: Nov 16: The federal government has invited private sector to develop 550,000 tons capacity storage in Karachi for surplus agricultural items meant for export on ‘Build-Own-Operate’ (BOO) basis....
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WTO agrees to examine three demands: Razak
ISLAMABAD, Nov 16: The World Trade Organization (WTO) has agreed to examine three Pakistani demands relating to extension in phasing out the deletion programme, addressing debt problem and technology transfer....
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Central excise to be merged in ST dept
ISLAMABAD, Nov 16: The government is planning to merge the central excise in sales tax department as a part of the tax administration restructuring plan....
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Index gains 9.11 points as brisk trading continues
KARACHI, Nov 16: Stocks continued to climb at the Karachi stock market, where the KSE-100 index gained another 9.11 points to close at 1,380.71 points on Friday....
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Japan ready to accept IMF audit
TOKYO, Nov 16: Japan has agreed to accept an International Monetary Fund (IMF) assessment of the country’s moribund financial system, according to a report Friday....
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CBR reforms plan ready for CE nod
ISLAMABAD, Nov 16: The ministry of finance has finalized necessary recommendations for restructuring of the CBR, which to be presented to President General Pervez Musharraf on Saturday for approval. “We will...
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Review likely in Jan: Refinance rate
KARACHI, Nov 16: Kazi Abdul Muqtadir, Director of State Bank of Pakistan, indicated a review and a possible downward revision of export refinance rate next January....
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Monetary meetings to focus on sick economy
OTTAWA, Nov 16: A world on the brink of recession will be the focus of top-level financial meetings in Ottawa this weekend after the International Monetary Fund issued grim new warnings...
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Dubai defies global gloom with billions of dollar boom plan
DUBAI, Nov 16: This little Gulf city-state with giant ambition is doggedly gambling on a strategy of huge expansion despite the global gloom in the aftermath of the US attacks and...
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No danger of recession for Europe: Welteke
HAMBURG, Nov 16: Europe is neither in a recession, nor is there any danger it might slip into recession, even if the current economic environment is very uncertain, Bundesbank President Ernst...
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Fed can cut rates further if needed: Parry
SEATTLE, Nov 16: Federal Reserve Bank of San Francisco President Robert Parry on Thursday offered one of the central bank’s most sober assessments of the economy, saying the outlook was rocky...
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Dollar slips slightly against yen in Tokyo
TOKYO, Nov 16: The dollar slipped against the yen Friday on persistent concerns over the US economy, with a decision by the Bank of Japan (BoJ) to leave monetary policy unchanged...
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Asian shares mostly higher
TOKYO, Nov 16: Asian stocks ended mostly higher Friday on optimism the US-led war in Afghanistan would end sooner than expected, but some of the region’s main exchanges closed lower on...
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Oil prices further weaken amid output cut war
LONDON, Nov 16: Oil prices came under further pressure on Friday as world crude producers squared off in a high-risk game of dare which investors fear could escalate into a full-blown...
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New York gold falls to 9-week low
NEW YORK, Nov 16: COMEX gold fell to a nine-week low on Thursday as its war premium receded and dealers shrugged off the potential for buy backs by Newmont Mining related...
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Traders seek business friendly environment
SIALKOT, Nov 16: The business community has urged the government to take it into confidence before announcing any new strategy for combating the prolonged decline in the exports after the September...
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Higher prices limit trading on cotton market
KARACHI, Nov 16: The business activity in the local cotton market once again remained tight and restricted with prices closing on the higher side for second consecutive session....
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Fed rate cuts risk for retail banks
NEW YORK, Nov 16: The recent US Federal Reserve rate cuts mean increased interest rate risk for many retail-funded banks and the mortgage banking industry, said a new Standard & Poor’s...
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WB for end to monopoly of rich on development strategies
KARACHI, Nov 16: The World Bank President James Wilfensohn has spelt out a focused strategy for a new development compact that could end the monopoly of the rich countries on development...
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