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<font size="2" face="Verdana"><b>
January 15, 2002
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Tuesday
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Shawwal 30, 1422
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IPBCC lines cut war risk surcharge
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 KARACHI, Jan 14: The India, Pakistan, Bangladesh, Ceylon Conference (IPBCC) lines have reduced war risk insurance surcharge between $25 to $65 per container from Tuesday, on all cargo destined to and...
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Govt committed to structural reforms
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ISLAMABAD, Jan 14: The government has decided to assess all existing regulations and procedures with a view to eliminating red tape and corruption by pursuing further deregulation and removing irritants....
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Use of loans should be closely monitored
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ISLAMABAD, Jan 14: The government needs to closely monitor the use of loans and to adopt systematic thinking to avoid getting bad loans, says a senior economist....
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Dewan Farooque Motors
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 KARACHI, Jan 14: Dewan Farooque Motors — the producers of Hyundai and KIA vehicles in Pakistan — said the company planned to introduce KIA Sportage Wagon, powered by a two-litre turbo-charged...
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CBR sets up working group on investment
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KARACHI, Jan 14: The Central Board of Revenue (CBR) has set up a working group to undertake studies for the promotion of investment, trade sources said....
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Rupee gains
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 KARACHI, Jan 14: The rupee on Monday gained five paisa against the dollar on speculative selling triggered by the perception that the current border tension with India may be defused after...
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Two US firms join Indian leather boycott
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 LAHORE, Jan 14: As a result of the decision by a couple of US companies to stop sourcing leather from India in the wake of reports of cruel treatment of animals,...
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Libyan dinar
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TRIPOLI, Jan 14: Libya has slashed the value of its dinar against the dollar and lowered customs tariffs at the same time, officials said on Monday....
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Corporate defaults
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 NEW YORK, Jan 14: A record number of companies defaulted on their debt in 2001 around the world, and the number could be even greater in 2002, the credit rating firm...
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Index up by 53 points on president’s speech
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 KARACHI, Jan 14: Stocks on Monday reacted bullishly to the president’s speech and made an extensive short-covering in the pivotals on the perception that the goal of peace now may not...
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World Bank chief for steps to improve strategies
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WASHINGTON, Jan 14: Country-owned poverty reduction strategies are critical in attacking world poverty and enhancing global security and peace...
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Cotton market lacks buying interest
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 KARACHI, Jan 14: Trading on the cotton market on Monday lacked normal buying interest as spinners kept to the sidelines most of the time, awaiting some positive developments on the export...
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Three banks PLS rates
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 KARACHI, Jan 14: The Bank of Ceylon has declared 8.50 per cent and the Industrial Development Bank of Pakistan 8 per cent rate of profit on PLS saving accounts for the...
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Karachi Port operations
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KARACHI, Jan 14: Nine ships including two carrying vehicles and trucks are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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FPCCI seeks refund of war risk surcharge
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KARACHI, Jan 14: Pakistani importers and exporters have paid $100-120 million to the foreign shipping lines in terms of war risk surcharge (WRS) from October to December 2,001....
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CED exemption
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ISLAMABAD, Jan 14: The Central Board of Revenue has extended the central excised duty exemption offered to investors in the Special Industrial Zones (SIZs) till December 31, 2002....
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China FDI up 14.9pc
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SHANGHAI, Jan 14: China’s foreign direct investment rose 14.9 per cent in 2001 compared with the previous year, the Ministry of Foreign Trade and Economic Cooperation website said on Monday....
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Asian stock markets  mostly lower
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HONG KONG, Jan 14: Share prices in Asia mostly traded lower on Monday after Wall Street losses amid concerns about the US economy....
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Palm oil prices down
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KUALA LUMPUR, Jan 14: Malaysia’s crude palm oil futures fell after CBOT electronic trading shed earlier gains and due to bearish December crop data, traders said on Monday....
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Dollar weaker against yen
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SINGAPORE, Jan 14: The dollar was weaker against the yen in Singapore trading late Monday as it succumbed to profit-taking in light trading, dealers here said....
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