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November 23, 2001 Friday Ramazan 7, 1422 Govt, insurance cos to pool Rs750m: Reinsurance fund plan ISLAMABAD, Nov 22: The government is expected to create a “reinsurance pool” with an initial capital of Rs750 million to provide cover to Pakistani companies for terrorism-related risk from January 1,... SBP lifts foreign exchange quotas: Overseas travelling KARACHI, Nov 22: If you are travelling abroad for any purpose you are now free to buy from the banks as much foreign exchange as you need at the inter-bank exchange... Trading in Hubco suspended KARACHI, Nov 22: The Board of Directors of Karachi Stock Exchange suspended trading in Hub Power Company Limited (Hubco) on Thursday, while the bourses’ management was busy in trying to unravel... Cotton output estimate revised KARACHI, Nov 22: Cotton Crop Assessment Committee has scaled down its earlier estimate for cotton production in the country from 10.8 to 10.4 million bales for the current season.... Turnover falls on KSE KARACHI, Nov 22: Trading volume on the stock market on Thursday fell to a low ebb of 24m shares as investors withdrew to the sidelines after the suspension of dealings in... Rupee shines further KARACHI, Nov 22: The rupee on Thursday gained 13 paisa more to a US dollar in the inter-bank market to close at Rs60.80/60.85 for ready buying and selling.... Oil prices rally above $20 LONDON, Nov 22: Oil prices surged above $20 a barrel for the first time in a week on Thursday as Norway said it was ready to cut output by up to... Exports down by $260m after Sept 11 ISLAMABAD, Nov 22: Exports declined by 20.98 per cent during September 11- November 10, 2001 to $1 billion against $1.26 billion during the same period last year.... ‘India an economic elephant rather than Asian tiger’ NEW DELHI, Nov 22: India has been a “sleeping elephant” in economic reforms, Indian Commerce and Industry Minister Murasoli Maran said on Thursday.... Japan’s trade surplus plunges TOKYO, Nov 22: The global economic slump hit Japan’s trade surplus hard in October, depressing it by 32.9 per cent from a year earlier to $3.8 billion, the finance ministry said... ‘WTO meeting in Qatar had a win-win outcome’ NEW DELHI, Nov 22: European Union Trade Commissioner Pascal Lamy, who led the EU delegation to last week’s WTO meeting, said Thursday it had resulted in a “win-win outcome” for the... WB favours BD’s controversial natural gas export plan DHAKA, Nov 22: Bangladesh could benefit from export of its natural gas through well-executed deals and efficient management of the revenues earned from such export, a visiting senior World Bank official... NY cotton ends flat to higher NEW YORK, Nov 22: NY cotton futures settled flat to higher on Wednesday on spread and rollover activity ahead of the US Thanksgiving holiday as players moved out of spot December... Tokyo stocks rebound TOKYO, Nov 22: Tokyo stocks rebounded in late trading on Thursday as investors hunted for bargains among hi-techs after the collapse of a Japanese non-life insurer dampened sentiment, brokers said.... Dollar firms against yen TOKYO, Nov 22: The dollar firmed against the yen late on Thursday after fluctuating from the collapse of a Japanese insurer and reports about the Bank of Japan’s (BoJ) possible purchase...