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October 12, 2002 Saturday Sha'aban 5, 1423 Edible oils share in import bill up to 4.36pc ISLAMABAD, Oct 11: Edible oils almost doubled their share in total import bill ($2.78 billion) to 4.36 per cent during the first quarter of 2002-03, from about 2.88 per cent for... US investors see great scope in Pakistan KARACHI, Oct 11: Economic Counsellor of the US Embassy in Islamabad, Douglas Climan has said there is a great scope for investment by the US companies in Pakistan in sectors like... Oil demand recovery slows: IEA report LONDON, Oct 11: World oil demand growth is stalling, hit by a deceleration in the global economic recovery, the International Energy Agency said on Friday.... Saudi Railways invites EoIs: Consultancy contract RIYADH, Oct 11: Dammam based Saudi Railways Organization has invited foreign firms to submit expressions of interest (EoIs) for a consultancy contract for the proposed almost 1,600km east-west coast rail line,... Budget policies challenged PARIS, Oct 11: Top central bankers from France and Italy publicly challenged their governments’ budget policies on Friday, weighing into a raging controversy over the trade-off between steps to revive economic... Initial poll results send stock market reeling KARACHI, Oct 11: The initial election results failed to find favour with the investors as the post-election session witnessed panic selling amid fears of confrontation between the contenders of power leading... Razak optimistic about exports LAHORE, Oct 11: Federal Minister for Commerce, Industries and Production, Abdul Razak Dawood has said that annual exports of the country could be enhanced manifold and a competitive edge could be... Oil price rises LONDON, Oct 11: The price of oil rose on Friday after the US Congress gave President George W. Bush authority to go to war against Iraq, citing a “continuing threat” posed... ICP Funds transfer deal signed ISLAMABAD, Oct 11: A management rights transfer agreement was signed here on Friday between the Privatization Commission, ICP and the successful bidder, ABAMCO Limited, for the transfer of management rights of... US consumer sentiment hits 9-year low in Oct NEW YORK, Oct 11: A moribund job market and punishing stock market losses pushed US consumer sentiment in early October to its lowest level in nine years, raising concerns the consumer-driven... BoJ seeks more govt funds for ailing banks TOKYO, Oct 11: The Bank of Japan (BoJ) ignored political pressure to ease monetary policy Friday and urged the government to consider pumping more money into ailing banks to help speed... Dull session on cotton market KARACHI, Oct 11: Cotton market on Friday passed through a dull session as spinners and ginners remained busy in discussing the post-election political scenario and its impact on the textile trade.... European stocks surge LONDON, Oct 11: European stocks stormed back on Friday as Wall Street headed towards a second day of strong gains, helped by encouraging results from US giant General Electric.... Asian stocks rebound TOKYO, Oct 11: Many Asian share markets rebounded mildly on Friday inspired by Wall Street’s gains but rises were curbed with investors remaining gloomy over the outlook for stocks.... Karachi Port operations KARACHI, Oct 11: Five ships carrying containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... MobilCom to get loan extension LONDON, Oct 11: Stricken German telecoms group MobilCom is set to clinch a two-to-four-week extension to a 4.7 billion euro ($4.64 billion) loan which was due to be repaid on Monday,... Yen remains under pressure LONDON, Oct 11: The yen remained under pressure on Friday after an announcement by the Bank of Japan that it would spend $16.1 billion to buy stocks held by Japanese banks,... Palm oil prices KUALA LUMPUR, Oct 11: Crude palm oil (CPO) prices on Malaysia’s Derivatives Exchange are expected to be rangebound in the coming days after rising 0.5 per cent this week, dealers said... Opec leaders to discuss oil market VIENNA, Oct 11: Opec is to hold “informal” meetings in Doha this weekend on oil prices and production levels, an Opec source said at the organization’s headquarters in Vienna.... Global banks settlement sought BOCA RATON, Oct 11: The goals of the widespread investigation by securities regulators and law enforcement officials into abusive Wall Street practices are to produce a global enforcement settlement with errant...

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