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January 4, 2002 Friday Shawwal 19, 1422 Conflicting views on economic situation KARACHI, Jan 3: Two conflicting perceptions on Pakistan’s current economic and management mess were offered on Thursday before an audience of professional managers. The occasion was a seminar of the Management... Govt asks miners to reduce coal prices ISLAMABAD, Jan 3: The federal government has directed coal miners to reduce their prices immediately to contain its import.... Trade with South Asian states up ISLAMABAD, Jan 3: Pakistan total trade with Saarc countries registered an increase of 18.12 per cent to $573.47 million in 2000-01 against $469.52 million in 1999-2000.... Saarc moot set to put off free trade deal KATHMANDU, Jan 3: South Asian leaders meeting in Nepal are set to put off their ambitious plans to turn the region into a free trade area amid political bickering that has... Regulations to monitor quality of audits KARACHI, Jan 3: The Board of Directors of Karachi Stock Exchange on Thursday announced that it ‘welcomed and appreciated’ the efforts of the Securities and Exchange Commission of Pakistan (SECP) in... Oil flirts with 7-week highs LONDON, Jan 3: Oil prices flirted with their highest level since mid-November on Thursday, holding firm around the 21-dollar mark as cold weather in Europe and the United States continued to... KSE records net inflow of Rs2.29bn KARACHI, Jan 3: The KSE recorded net inflow of Rs2.29 billion and outflow of Rs10 billion in foreign investment in securities during the year 2001.... UK shares surge LONDON, Jan 3: Britain’s FTSE 100 surged 1.9 per cent to its highest closing level for four weeks on Thursday as technology stocks such as ARM Holdings were revived by signs... Euro rally falters LONDON, Jan 3: A euro rally inspired by the physical launch of the currency petered out on Thursday, as a more sober tone crept into foreign exchange dealing after the ‘europhoria’... Heavy buying in Hubco pushes index up by 1.45pc KARACHI, Jan 3: All roads on the Karachi Stock Exchange on Thursday led to Hub-Power as investors were not inclined to miss the bandwagon followed by strong rumours of an imminent... Joint venture prospects bright for UK, Pakistan SIALKOT, Jan 3: The chairman, international association of British Pakistanis Khurshid Ahmad, has offered full cooperation and some direct trade relationship to the business community of Sialkot for enhancing bilateral trade... Easy conditions on cotton market KARACHI, Jan 3; Cotton market on Thursday showed easy trend as ginners further lowered their asking prices to get out of the large unsold inventories.... SECP imposes Rs1m fine on listed company ISLAMABAD, Jan 3: The Securities and Exchange Commission of Pakistan (SECP) has imposed a fine of Rs1 million on the chief executive of a listed company for unlawful transfer of funds... Kuwait needs economic reforms KUWAIT CITY, Jan 3: Kuwait economic situation needs immediate adoption of comprehensive economic reforms that eliminates the use of monetary policies to solve the country’s economic difficulties, said top Kuwaiti economist... Probe into Enron collapse WASHINGTON, Jan 3: The US Congress said it will launch a fourth inquiry into the “troubling” collapse of Texas-based energy giant Enron and the “ripple effects” its bankruptcy has had on... Completion of tax survey demanded FAISALABAD, Jan 3: All Pakistan Sizing Industries Association has demanded of the government to expedite the registration of sizing units and powerlooms factories and save their owners from the excesses of... Exporters issued show-cause notices KARACHI, Jan 3: A large number of exporters have been served upon show-cause notices by the sales tax authorities, accusing them of claiming double refund of sales tax some about six... Asian stock markets mixed HONG KONG, Jan 3: Asian share prices were mixed on Thursday with many investors in the region awaiting fresh data on the state of the world’s number one economy.... Malaysian palm oil steady KUALA LUMPUR, Jan 3: Malaysian crude palm oil futures ended steady in choppy trading on Thursday with dealers waiting for news of China’s import quota for 2002.... New York cotton futures close firmer NEW YORK, Jan 3: NY cotton futures closed firmer on Wednesday as speculative and fund buying wiped out losses from an early downturn to shove the market into positive territory after...

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