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November 27, 2001 Tuesday Ramazan 11, 1422 No delay in PRGF plan: Shaukat ISLAMABAD, Nov 26: Minister for Finance Shaukat Aziz on Monday said that there was no delay in IMF’s poverty reduction and growth facility programme, and that it was on track.... Palm oil imports may reach 220,000 tons KUALA LUMPUR, Nov 26: Pakistan’s palm oil imports may reach 220,000 tons a month over the next few months because of the prospect of exports to neighbouring Afghanistan and a reduced... ATT goods may be sold in Pakistan ISLAMABAD, Nov 26: A proposal is under consideration of the government to allow Afghan traders to sell their goods, imported under Afghan Transit Trade (ATT), in the local market after paying... Lloyds reluctant to notify 75pc cut in WRP KARACHI, Nov 26: The War Risk Committee of Lloyds, which had reached an understanding with Pakistan’s High Commission to UK two weeks back to reduce War Risk Premium (WRP) rates by... Stocks extend weekend gains amid slow trading KARACHI, Nov 26: Stocks on Monday extended the weekend gains but trading remained relatively sluggish in the absence of strong demand from any quarter including the institutional traders. The KSE 100-share... Australian firm wins gas project contract PERTH, Nov 26: Australian construction and engineering group Clough Ltd has won the first phase of an onshore gas project in Pakistan worth 194 million dollars (US$97 million).... Shipment returns to normal: Junejo SINGAPORE, Nov 26: Commodities trade is slowly emerging from a harsh period as shipment schedules return to normal after an easing of war risk premiums, Food and Agriculture Minister Khair Mohammad... Habib Bank sets up export processing unit KARACHI, Nov 26: The Habib Bank Ltd has set up a central processing unit at its foreign exchange branch here at a cost of Rs5 million to reduce 10 days processing... Fitch cuts Japan’s debt ratings to AA TOKYO, Nov 26: Global risk evaluator Fitch cut Japan’s local and foreign currency debt ratings on Monday amid growing alarm over mounting debts and a crippling price slide in the world’s... Jakarta sees fall in current account surplus JAKARTA, Nov 26: The Indonesian government expects the country’s current account surplus to fall significantly this year mainly due to lower oil prices, and to narrow further in 2002 with exports... Palm oil futures fall KUALA LUMPUR, Nov 26: Malaysian crude palm oil futures fell across the board in choppy on Monday trading on worries about output and talk that India plans to raise its RBD... Isuzu posts $189m loss, plans job cuts TOKYO, Nov 26: Japanese truck maker Isuzu Motor Ltd. on Monday posted a $189.5 million net loss in six months to September and said it would cut a further 3,300 jobs... British economy sets to grow at 2.3pc this year PARIS, Nov 26: The British economy has outperformed most other leading economies and is set for 2.3-per cent growth this year, an OECD report said on Monday, signalling that sterling is... Asian stock markets rally TOKYO, Nov 26: Share prices in Asia rallied on Monday after a solid performance on Wall Street at the end of last week on mounting hopes the United States economy will... Dollar eases against yen TOKYO, Nov 26: The dollar eased here on Monday after gaining ground against the yen on the downgrade in Japan’s sovereign rating by a credit evaluator, but it was expected to... Bajaj, Kawasaki plan new bike MUMBAI, Nov 26: Bajaj Auto Ltd, India’s second-largest two-wheeler maker, and Japan’s Kawasaki Heavy Industries Ltd are collaborating on a new 125cc bike for the world and domestic markets, a senior... US economy plunges into recession WASHINGTON, Nov 26: The US economy has plunged into a recession, ending a record 10-year expansion, the US National Bureau of Economic Research announced here on Monday.... Slow trading on cotton market KARACHI, Nov 26: Trading activity on the cotton market remained slow as the leading spinners were again conspicuous by their absence in bid to outwit ginners.... Japanese banks expect $51bn loan-loss charges TOKYO, Nov 26: Japan’s top banks provided more evidence that they were knuckling down to their bad-loan problems on Monday, drastically raising their provisions against risky debt and scaling down their... Oil price down as output cuts stay remote LONDON, Nov 26: IPE Brent crude futures extended Friday’s losses on Monday with little sign of an early Opec/non-Opec agreement on output cuts....

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