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November 24, 2001 Saturday Ramazan 8, 1422 Pakistan to raise insurance cover issue with EU ISLAMABAD, Nov 23: Pakistan will try to get EU insurance cover for western investors restored during Belgian prime minister’s visit.... Trading in Hubco resumes today KARACHI, Nov 23: The Board of Directors of the Karachi Stock Exchange in its emergent meeting held on Friday, November 23 at 3:00 pm decided that trading in the shares of... Liquidity crisis delays cut in lending rates KARACHI, Nov 23: The State Bank wants banks to narrow the gap between lending and deposit rates. In more clear terms, it wants them to make more cuts in their lending... Bourses urged to expand retail base LAHORE, Nov 23: Urging the bourses to expand their base of retail investors, Finance Minister Shaukat Aziz on Friday said the government had directed its various agencies, banks and insurance companies... WB strategy for reconstruction of Afghanistan KARACHI, Nov 23: The World Bank is developing a strategy, plan and appropriate mechanism to fund and manage the reconstruction of Afghanistan.... HBFC Ordinance ISLAMABAD, Nov 23: The President has promulgated House Building Finance Corporation (Amendment) Ordinance, 2001 to further amend the House Building Finance Corporation Act, 1952.... SECP to hold inquiry into Hubco issue LAHORE, Nov 23: Describing the Hubco fiasco at the Karachi Stock Exchange (KSE) as a crime, the chairman, Securities & Exchange Commission of Pakistan (SECP), Khalid M Mirza, says the Commission... ‘Private sector lending slows down’ LAHORE, Nov 23: The banking sector failed to grow in size and advance credit (to private sector) in the 3rd quarter of FY01 at the same pace at which it had... China to allow foreign insurers greater access after WTO BEIJING, Nov 23: China has promised to allow foreign companies greater access to its insurance market, state media reported on Friday, as Beijing detailed how it will open up the sector... US, euro zone will be focus of financial markets LONDON, Nov 23: US and euro zone output data will be the focus for financial markets next week, as investors look for further indications of economic recovery in both regions.... Afghanistan, trade dominate India-EU summit NEW DELHI, Nov 23: Senior European Union officials on Friday held a summit meeting with Indian Prime Minister Atal Behari Vajpayee, with Afghanistan and bilateral trade at the top of the... ‘Gloom still to hang over Tokyo stocks in coming week’ TOKYO, Nov 23: Share prices in Tokyo will likely be under pressure in the coming week as no fresh buying incentives are in sight, brokers said.... Dollar higher against yen SINGAPORE, Nov 23: The US dollar was higher against the yen in Singapore trading on Friday although volumes were thin due to public holidays in Japan and the United States, dealers... Malaysian economy slumps 1.3 per cent KUALA LUMPUR, Nov 23: The Malaysian economy contracted 1.3 per cent year-on-year in the three months to September as the manufacturing sector reeled from the global downturn, the central bank said... Crude palm oil futures up KUALA LUMPUR, Nov 23: Malaysian crude palm oil futures lookes set to soon test a new high of 1,200 ringgit on prospects of good exports in November and falling stocks, traders... Oil prices lower in London LONDON, Nov 23: The price of oil lurched lower on Friday after Russia announced a minuscule cut in output that fell far short of the demands of rival producers, who want... Japan’s reform breakthrough still seen in doubt TOKYO, Nov 23: Japanese Prime Minister Junichiro Koizumi’s much-touted drive for reform remained in doubt Friday, a day after he brokered an accord on the future of loss-making government corporations.... Asian stock markets close higher amid thin trading HONG KONG, Nov 23: Share prices on nearly all Asian stock markets moved higher on Friday, but most traded sideways on a lack of fresh leads amid holidays in the United... China to reform gold market, open first exchange next week SHANGHAI, Nov 23: The Shanghai Gold Exchange will open its doors on a trial basis next week, marking the end of a state monopoly in China on the trading of the... POL consumption declines by 10pc: July-October KARACHI, Nov 23: The industrial consumption of petroleum, oil and lubricants (POL) has fallen by 10 per cent to 5.3 million tons in July-October 2001 as compared to six million tons...

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