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| November 18, 2001 | Sunday | Ramazan 2, 1422 |
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CE okays limited autonomy for CBR
ISLAMABAD, Nov 17: President General Pervez Musharraf approved on Saturday the restructuring plan for Central Board of Revenue (CBR) that authorizes it to spend, recruit and offer compensation to its efficient... 
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US to adjust last three years’ quota deductions
KARACHI, Nov 17: The US government has allowed last three years’ quota deductions in over a dozen textile categories to be adjusted against imports of Pakistan’s current year’s (2001) quota ceiling....
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Pool fund plan irks insurance industry
KARACHI, Nov 17: Pakistan’s national insurance industry has serious reservations on the proposal of instituting a Special Pool Fund to provide reinsurance cover after the international reinsurance companies have decided to...
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Shipping lines unaware of 75pc WRP cut
KARACHI, Nov 17: The exporters complain that shipping lines continue to charge from them war risk premium (WRP) at the previous rates. While the local agents of foreign shipping lines claim...
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Challenges for business in changing scenario
KARACHI, Nov 17: The key issue facing business after September 11 is how would the fast changing global scenario impact on the domestic market, investment and foreign trade....
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Subscription of 5pc shares in NBP
ISLAMABAD, Nov 17: All arrangements have been finalized by the Privatization Commission for the subscription of 5 per cent government shares in National Bank of Pakistan....
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Saudi group to invest in HBL
RIYADH, Nov 17: A Saudi group is planning to invest Saudi Riyal 750 million ($200 million) in the Habib Bank of Pakistan. Prince Sultan Bin Nasser Bin Abdel Aziz, owner and...
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SBP buys $476m from kerb market in July-Oct
KARACHI, Nov 17: The State Bank bought around $79 million from the open currency market in October that brought its total buying in the last four months to $476 million. In...
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Solid gains in US markets ahead of Thanksgiving week
NEW YORK, Nov 17: US stocks, which made solid gains this week, are expected to tread water during the upcoming Thanksgiving holiday period before facing uncertain times ahead, analysts said....
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Burried WTC gold returns to futures trade
NEW YORK, Nov 17: A fortune in gold trapped for seven weeks in the ruins of the World Trade Center officially returned to the global bullion trade Friday, but dealers had...
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Iran’s October oil output lowest to 3.45 million bpd
NICOSIA, Nov 17: Iran’s oil production fell to 3.45 million barrels per day (bpd) in October, the lowest monthly figure so far this year, the Middle East Economic Survey (MEES) reported...
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NY cotton settles firmer
NEW YORK, Nov 17: NY cotton futures closed firmly Friday on speculative fund-buying following release of a surprisingly friendly USDA export sales report, although near-term direction next week remains unclear....
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COMEX gold futures lower
NEW YORK, Nov 17: COMEX gold futures slipped on Friday in mostly technical trade, but cut morning losses with some assistance from gloomier-than-expected US factory sector news, dealers said....
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Dollar mixed in New Yrok
NEW YORK, Nov 17: The dollar was mixed on Friday against major currencies as investors digested the steep drop in US industrial production last month....
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Globalization can’t be turned back: W.Bank
OTTAWA, Nov 17: Globalization cannot be turned back but needs to be better managed so its benefits are felt around the world, World Bank President James Wolfensohn said on Friday....
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ABN Amro warns of risks in Asian stock market rally
SINGAPORE, Nov 17: The past month’s stock market rally across Asia is risky because it is driven mainly by liquidity in a sea of faltering economies, Dutch bank ABN Amro says...
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Oil price tumbles in London
LONDON, Nov 17: Oil prices slumped to their lowest point for more than two years as Opec threw down the gauntlet to independent producers over excessive global production, in a move...
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Govt may allow private sector to avail EFS: Wheat export
ISLAMABAD, Nov 17: With increasing number of complaints from abroad about the public sector wheat export, the government is considering to allow the private sector to avail State Bank of Pakistan’s...
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US ports not hiking tariff 2002
LOS ANGELES, Nov 17: Most of the ports in the United States have decided not to raise fees for shippers in 2002, a sign of economic times....
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Car sales down in October
KARACHI, Nov 17: Sales of cars remained sluggish in October as compared to September due to thin buying particularly in Balochistan and NWFP coupled with cautious spending approach, adopted by the...
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