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| December 7, 2001 | Friday | Ramazan 21, 1422 |
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Five-month trade deficit at $434m
ISLAMABAD, Dec 6: Amid strong indications that exports would remain $1.5-2 billion short of annual target, Pakistan’s trade deficit has reached $434 million during first five months (July- November) of the... 
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SBP buys $900m from banks: Reserves at $4.4bn
KARACHI, Dec 6: The State Bank purchased at least $900 million from the inter-bank market in the last two months. Bankers close to SBP said the central bank bought a small...
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Listed firms need not make Q2 accounts
KARACHI, Dec 6: Companies listed on the stock exchanges are not required to prepare quarterly accounts for the second quarter of the year, as half-yearly accounts are already being prepared instead,...
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Iran to purchase 45,000 tons rice
ISLAMABAD, Dec 6: Iran has agreed to procure 45,000 tons of rice from Pakistan....
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Engro’s TFC issue oversubscribed
KARACHI, Dec 6: Engro Chemical Pakistan has received Rs290 million, against its offer of Rs100 million TFCs to the general public, the company said in a press statement on Thursday....
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Stocks maintain upward thrust
KARACHI, Dec 6: Stocks on Thursday maintained their upward drive as selective support figured prominently on the blue chip counters aided largely by the PTCL board meeting next Monday and market...
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Afghani Declines on panic selling
 PESHAWAR, Dec 6: The Afghan national currency — afghani — underwent major slide in its exchange value against Pakistani rupee as small investors went for panic selling, according to market sources....
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Euro debt-yields rise as investors sense economic recovery
LONDON, Dec 6: Yields on European government bonds surged for a second consecutive day on Thursday as investors sensed that economic recovery could be in the air and as stocks rallied...
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Japan’s PM rules out tax hikes to make up revenue shortfalls
TOKYO, Dec 6: Japan’s Prime Minister Junichiro Koizumi pledged on Thursday not to raise taxes to make up for revenue shortfalls....
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Yen lower against dollar in Tokyo trading
TOKYO, Dec 6: The yen fell against the dollar Thursday on reports a Japanese construction firm filed for court protection from creditors under a mountain of debt, dealers said....
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European buyers wary amid good coconut oil supply
AMSTERDAM, Dec 6: European consumers are wary of paying premiums for forward coconut oil due to plentiful supplies and are only likely to increase buying once an expected downturn in output...
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‘Malaysia’s economy performing well’
KUALA LUMPUR, Dec 6: Prime Minister Mahathir Mohamad said on Thursday that October data showed Malaysia’s economy was performing well and the country could achieve positive growth in the fourth quarter....
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Asia’s major exchanges bouyed by Wall Street surge
TOKYO, Dec 6: Asia’s main stock exchanges made good gains on Thursday, bouyed by a Wall Street rally on optimism over a recovery for the US economy....
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Steel companies shares surge on merger speculation
NEW YORK, Dec 6: Shares of steel companies rallied on Wednesday, a day after USX-US Steel Corp. and Bethlehem Steel Corp. said they were in merger talks with several others to...
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Bayer board meets to decide group structure
FRANKFURT, Dec 6: Bayer AG’s supervisory board met on Thursday to approve a new group structure which is expected to transform its four divisions into separate legal entities, a move that...
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China to lift diamond import duty in 2002
SHANGHAI, Dec 6: China will lift its import tax on uncut diamonds imported by the customs of Shanghai Diamond Exchange from January next year, the Liberation Daily reported on Thursday....
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Cotton prices ease on hasty selling
KARACHI, Dec 6: Cotton prices on Thursday slightly eased as ginners holding long unsold positions indulged in hasty selling despite an upward revision of over Rs300 per maund by the TCP...
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Govt to root out corruption from tax machinery
ISLAMABAD, Dec 6: The government has decided to weed out corruption from the tax machinery in the next two to three years, claimed Central Board of Revenue (CBR) chairman, Riaz Ahmed...
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30pc fall in Sialkot exports feared
LAHORE, Dec 6: Businessmen from Sialkot fear a 30 per cent plunge in the total annual exports of about $650 million from their city due to massive cancellation of orders in...
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UN experts meet money changers: Money laundering
KARACHI, Dec 6: A three-member team of the United Nations met money changers at a local hotel here on Thursday to find some clue about money laundering in Pakistan....
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