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| December 21, 2001 | Friday | Shawwal 5, 1422 |
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Sindh FC heading for clash of interests: Rural-urban
KARACHI, Dec 20: The Sindh Finance Commission is heading towards a sharp clash of conflicting rural-urban interests, as the Sindh government wants ranking of each of 16 districts by services, and... 
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Exports fall by 7.8pc: Sept 11-Dec 8
ISLAMABAD, Dec 20: Exports fell by 7.8 per cent during the September 11-December 8, 2001 to $1.89 billion against $2.05 billion during the same period last year....
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Textile exporters fear huge loss: 300 containers held up by US customs
KARACHI, Dec 20: While the minister for commerce Abdul Razak Dawood is waiting for a ‘green single’ from the relevant US authorities for his visit, the number of detained and held-up...
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Altaf to be briefed on NITL sell-off
ISLAMABAD, Dec 20: Tariq Iqbal, chairman National Investment Trust Limited (NITL), will make a presentation to Altaf Saleem, Federal Minister for Privatization, on latest situation with regard to offloading of Government...
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Bank Asia signs pact to acquire MCB branches
KARACHI, Dec 20: Bank Asia has signed an agreement with Muslim Commercial Bank Ltd to take over Bangladesh operations of the MCB....
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Euro eases against dollar
LONDON, Dec 20: The euro eased against the dollar on Thursday as economic and political woes in Argentina mounted, causing some jitters in Spain and South Africa but a muted reaction...
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Pakistan, China firms to sign MoU
KARACHI, Dec 20: A 26-member business delegation, led by President FPCCI, Iftikhar Ali Malik is visiting China from December 22-25 that coincides with the current official visit of the president Gen...
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Remittances reach $709m in five months
KARACHI, Dec 20: Overseas Pakistanis sent back home about $709.5 million during July-November this year. In a year-ago period they had remitted only about $384.6 million....
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PS seeks ban on import of steel products
LAHORE, Dec 20: Chairman Pakistan Steel Col (Retd) Mohammad Afzal Khan has called for the provision of some protection to the PS by imposing ban on the import of secondary steel...
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Incentives for livestock business
LAHORE, Dec 20: The federal government has offered a number of incentives for the promotion of foreign investment in livestock business to help country produce surplus milk and meat for export....
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EU seeks information on Lloyd’s reserves
BRUSSELS, Dec 20: The European Commission said on Thursday it was asking Britain to furnish information on the regulation and supervision of the Lloyd’s insurance market, first stage of an inquiry...
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Institutional support drives bears out of market
KARACHI, Dec 20: Karachi stocks finished higher on Thursday as the post-Eid holiday session witnessed a good bit of two-way activity but the late advent of institutional support drove bears out...
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Another financial crisis looms over Japan
TOKYO, Dec 20: A surge in the premium demanded by investors for holding bonds issued by some major Japanese banks could be signaling the onset of a financial crisis, a senior...
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Oman pushes support for cartel’s output cut
MUSCAT, Dec 20: Independent oil producer Oman on Thursday announced it would cut output by 40,000 barrels per day (bpd) to back Opec’s bid to force up crude prices....
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China pleads for poor at WTO meeting
GENEVA, Dec 20: China on Wednesday used the first World Trade Organization (WTO) meeting it has attended as a full member to plead for richer countries in the body to offer...
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Dollar eases in Tokyo trading
TOKYO, Dec 20: The dollar firmed against the yen but was off its highs due to late profit-taking in Tokyo on Thursday after failing to break through resistance at the upper...
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Congress at impasse over economic stimulus
WASHINGTON, Dec 20: Congress appeared at an impasse on Thursday over a massive stimulus measure to help the US economy recover from recession and the September 11 attacks, with little time...
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New York cotton ends easier
NEW YORK, Dec 20: NY cotton futures closed marginally easier on Wednesday on speculative pressure caused by a higher estimate of China’s cotton crop, but trade and mill buying pared the...
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Indian rupee weaker
MUMBAI, Dec 20: The rupee snapped a three-day winning streak on Thursday to end weaker on steady dollar purchases by state-run banks, dealers said....
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Malaysian palm ends lower
KUALA LUMPUR, Dec 20: Malaysian palm oil prices ended lower on Thursday following a decline in exports for the first 20 days of December, traders said....
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