News Archives for Print - 2004-01-27

Print - 2004-01-27

Toyota overtakes Ford as world's second

It's official: Japan's Toyota Motor Corp has unseated Ford Motor Co as the world's second-biggest auto maker.

Published 27 Jan, 2004 12:00am

PSF asked to host South Asian social forum

International Council of the World Social Forum (WSF) has requested Pakistan Social Forum (PSF) to host South Asian Social Forum by the end of this year.

Published 27 Jan, 2004 12:00am

CDGL launches School Health Service programme

City District Government Lahore (CDGL) has launched 'School Health Service' (SHS) programme under which satisfactory health of under-15 students studying in the government schools, would be ensured.

Published 27 Jan, 2004 12:00am

LHC office returns writ for scientists' recovery

The Lahore High Court (LHC) office returned a petition filed by Pakistan Muslim League PML(N) Secretary General, Punjab, Khawaja Saad Rafiq for the recovery of nuclear scientists.

Published 27 Jan, 2004 12:00am

Pilot project for drip irrigation system approved

Sindh University has approved a pilot project to introduce Drip Irrigation System at Sindh University Campus on Monday.

Published 27 Jan, 2004 12:00am

PTCL to set up one-window camps in Punjab

In a bid to facilitate its consumers, Pakistan Telecommunication Company Limited (PTCL) has decided to hold one-window camps in various residential areas of the province.

Published 27 Jan, 2004 12:00am

Firm de-listed from Lahore Stock Exchange

Following the Lahore High Court (LHC) decision to sanction the scheme of arrangement for merger of Kohinoor Genertek Ltd with and into Kohinoor Weaving Mills Ltd, the former will be de-listed from ready board quotation of the Lahore Stock Exchange (LSE) f

Published 27 Jan, 2004 12:00am

PPCBL disburses Rs two billion for Rabi crop

The Punjab Provincial Co-operative Bank Ltd (PPCBL) has disbursed Rs two billion loans to small farmers till January 24 for cultivation of Rabi crop 2003-04.

Published 27 Jan, 2004 12:00am

Quality management imperative for good governance

Quality management is imperative for good governance in the private sector and to improve the efficiency and effectiveness of different services offered by the government.

Published 27 Jan, 2004 12:00am

AGP urges greater co-operation among ECO countries

The Auditor General of Pakistan (AGP) Mohammad Younis Khan has called for greater co-operation among ECO (Economic Co-operation Organisation) member countries in the field of audit for transparency and good governance in the region.

Published 27 Jan, 2004 12:00am

Union Bank announces PLS profit rates

Union Bank Limited has declared the following profit rates on PLS Deposits applicable as on 31st December 2003.

Published 27 Jan, 2004 12:00am

Corps Commander visits DHA

Corps Commander Lieutenant General Ahsan Saleem Hayat visited the Defence Housing Authority (DHA) main office here on Monday.

Published 27 Jan, 2004 12:00am

NDC signs accord with CWI

The National Data Corporation (NDC), a leading IT consultancy organisation for the financial sector, announces the formal signing of a significant distribution and implementation partner agreement with the Collective Works International, Inc (CWI), a US-b

Published 27 Jan, 2004 12:00am

Resolution moved

A member of the Lahore High Court Bar Association (LHCBA) has moved a resolution, seeking amendment in the bar rules, to check the practice on the part of bar office-bearers from misusing their offices.

Published 27 Jan, 2004 12:00am

CA Final and Professional Exams Winter 2003 results announced

The Council of the Institute of Chartered Accountants of Pakistan has declared the results of the following examinations held from December 01, 2003

Published 27 Jan, 2004 12:00am

Water resources to be augmented to boost agri products

A medium term plan for radically augmenting water resources is being undertaken for sustainable development of agriculture sector in the country.

Published 27 Jan, 2004 12:00am

Musharraf's Davos address

President General Pervez Musharraf's address to the World Economic Forum in Davos, Switzerland, touched on a number of his pet themes and also on some issues concerning Pakistan that have been in the news of late.

Published 27 Jan, 2004 12:00am

CBR's investment-friendly gesture

The Central Board of Revenue (CBR) has really done well to help facilitate prospective investors set up manufacturing units by allowing the facility of provisional sales tax registration, thereby, entitling them to tax-free import of plant and machinery f

Published 27 Jan, 2004 12:00am

How many holidays can we afford?

As often happens according to our tradition of sighting of the moon, the three days of forthcoming Eid-ul-Azha from February 2 to 4 will, with the addition of February 1 being Sunday, eventually mean a closure of four consecutive days, beginning the next

Published 27 Jan, 2004 12:00am

Pak participation in Iraq's reconstruction needed

While on the one hand reconstruction of Iraq presents enormous challenges to the Iraqi people and international community, on the other, it provides vast opportunities to both as massive reconstruction programmes are to be undertaken in the country.

Published 27 Jan, 2004 12:00am

Partly Facetious: foreign investors and our speech writers

"This is indeed cool!"

Published 27 Jan, 2004 12:00am

Doctors fear untreatable Russian tuberculosis epidemic

Tuberculosis, long ago subdued by Western doctors, is not only rampant in Russia but increasingly mutating into terrifying new forms that even the most powerful new medicines cannot kill.

Published 27 Jan, 2004 12:00am

Afghan female presidential candidate seeks support

Afghanistan's first female presidential candidate doctor Massouda Jalal sits in her comfortable apartment in Kabul's Microrayon district and tries to estimate the political support she will receive in the country's upcoming elections.

Published 27 Jan, 2004 12:00am

Visa facility

The popular demand for the opening of the Indian consulate-General office in Karachi should be heeded by the two south Asian countries as part of the confidence-building measures.

Published 27 Jan, 2004 12:00am

Poor chickens

The risk of a major bird flu epidemic spreading throughout Asia needs a serious research to come up with a vaccine or a treatment that can help save people's lives.

Published 27 Jan, 2004 12:00am

Sugarcane cess fund: over Rs 235 million to be spent on repair and construction of Faisalabad roads

An amount of Rs 235.232 million would be spent on repairs, construction, improvement and widening of different roads/link roads and repair/construction of bridges from sugarcane cess fund in the different areas of Faisalabad.

Published 27 Jan, 2004 12:00am

Efforts for economic development to continue: Prime Minister

Prime Minister Zafarullah Khan Jamali has said that the government would continue to make efforts for sustainable economic development of the country and improving the quality of life of its people.

Published 27 Jan, 2004 12:00am

Nawaz vows to return with full force

Pakistan Muslim League (N) chief and former premier Mian Nawaz Sharif has said that he will be coming to Pakistan with full force and as soon as he will land, all opponents will flee from the country.

Published 27 Jan, 2004 12:00am

NWFP to recruit 5,000 policemen this year

An informal meeting of the provincial cabinet, presided over by NWFP Chief Minister Akram Khan Durrani here at Frontier House on Monday discussed the implementation of police order, website on NWFP and Khyber Bank affairs.

Published 27 Jan, 2004 12:00am

C&CE department's role highlighted for generating 45 percent revenue

Customs has become one of the biggest revenue contributory heads generating 45 percent toward national revenue.

Published 27 Jan, 2004 12:00am

Inflows and outflows of rivers

The position of water inflows/outflows at Mangla and Tarbela along with the reservoir levels and the barrages at 6.00 am on Monday.

Published 27 Jan, 2004 12:00am

Pakistani pavilion at DITF most crowded

Pakistan's pavilion at DITF (Dhaka International Trade Fair) is most crowded among all others participants.

Published 27 Jan, 2004 12:00am

Pakistan not to change its defence policy: minister

Defence Minister, Rao Sikander Iqbal has said that present government is fully capable and competent to solve the internal and external problems facing the country.

Published 27 Jan, 2004 12:00am

Government urged to treat scientists according to rule of law

Human Rights Commission of Pakistan (HRCP) demanded of the government to treat the nuclear scientists, currently detained on charge of transferring nuke technology, in accordance with the law.

Published 27 Jan, 2004 12:00am

Scientists' debriefing almost completed, says Rashid

Minister for Information and Broadcasting, Sheikh Rashid Ahmed has said that debriefing session of nuclear scientists has almost been completed.

Published 27 Jan, 2004 12:00am

10,500 computer laboratories to be set up in schools in five years

Federal Government has decided to set up more than ten thousand computer laboratories in government high schools round the country during coming five years.

Published 27 Jan, 2004 12:00am

Benazir hails unseating of PML-F MNA

The Chairperson, Pakistan Peoples Party (PPP), Benazir Bhutto, on Monday welcomed the decision of the Sindh High Court (SHC), unseating member, National Assembly, Muhammad Khan Junejo, of Pakistan Muslim League (Functional).

Published 27 Jan, 2004 12:00am

Iranian parliamentarians on verge of resigning: polls in doubt

Iran's political crisis deepened Monday as hard-liners stuck by their power to bar thousands of candidates from next month's parliamentary polls, prompting a government threat not to organise the vote.

Published 27 Jan, 2004 12:00am

Cheney defends Iraq war, skirts arms issue

US Vice President Dick Cheney defended the US-led Iraq war on Monday amid mounting criticism over failure to find unconventional weapons.

Published 27 Jan, 2004 12:00am

Blair thought Chirac 'out to get him'

British Prime Minister Tony Blair thought French leader Jacques Chirac was "out to get him" by exploiting acrimony over Iraq to supersede him in Europe, according to extracts of a new biography of Blair published on Monday.

Published 27 Jan, 2004 12:00am

Two shot dead at German mosque

A man shot dead two people at point blank range early Monday at a mosque in the western German city of Gelsenkirchen, police said.

Published 27 Jan, 2004 12:00am

US to review pre-war intelligence on Iraqi weapons

The White House on Monday pledged to review pre-war intelligence that pointed toward the presence of weapons of mass destruction in Iraq after the top US weapons hunter concluded Iraq had no stockpiles of biological and chemical weapons.

Published 27 Jan, 2004 12:00am

Two Iraqis killed in explosion

Two Iraqis were killed and two injured Monday when an improvised bomb exploded on a busy highway in Baghdad, an Iraqi civil defence officer said, adding the device was probably intended for US troops.

Published 27 Jan, 2004 12:00am

Four Iraqi cops killed in shooting

Four Iraqi police officers were killed when a convoy of attackers pulled up outside a police station in the volatile western city of Ramadi and sprayed it with bullets, police said Monday.

Published 27 Jan, 2004 12:00am

Iraqi invasion justified: Straw

British Foreign Secretary Jack Straw said Monday the US-led invasion of Iraq was justified despite the continuing failure to find any weapons of mass destruction.

Published 27 Jan, 2004 12:00am

EU brakes French push to end China arms trade ban

A French bid to lift the European Union's arms embargo on China by April 1 was rebuffed by the bloc's foreign ministers on Monday due to concerns about the Communist-ruled country's human rights record.

Published 27 Jan, 2004 12:00am

Greece will not give UN carte blanche on Cyprus

Greece declined on Monday to match Turkey's offer to allow UN secretary-general Kofi Annan to bridge the final gaps in a peace plan to reunite Cyprus.

Published 27 Jan, 2004 12:00am

World let slaughters happen in Yugoslavia and Rwanda: Annan

UN Secretary General Kofi Annan said Monday that the slaughters in Yugoslavia and Rwanda in the 1990s could have been prevented if the world had taken action as he opened the first international genocide conference in over 50 years.

Published 27 Jan, 2004 12:00am

Israel scorns Hamas proposal of 10-year truce

Israel dismissed as ridiculous on Monday a proposal from Hamas to declare a 10-year truce if the Jewish state withdrew from territory occupied since 1967.

Published 27 Jan, 2004 12:00am

Powell fears about Russian democracy

US Secretary of State Colin Powell said on Monday he was worried about Russia's democracy, in unusually blunt comments that underscored widespread concerns the Kremlin is turning increasingly autocratic.

Published 27 Jan, 2004 12:00am

Japan orders ground troop dispatch to Iraq

Japan ordered the dispatch of its main army contingent to help rebuild Iraq on Monday after the junior party in the ruling coalition approved the mission.

Published 27 Jan, 2004 12:00am

'I told you so', Mahathir says over Iraq weapons

The failure to find weapons of mass destruction in Iraq proved that opponents of the US-led invasion were right, former Malaysian prime minister Mahathir Mohamad said in remarks published Monday.

Published 27 Jan, 2004 12:00am

Poll shows many Europeans think Jews 'different'

A poll on anti-Semitism in Europe on Monday showed 46 percent of those asked said Jews in their nations were "different," and 35 percent said Jews should stop "playing the victim" for the Holocaust.

Published 27 Jan, 2004 12:00am

Young Sikhs face tough choices under new French law

Prabhjit Singh is 10 years old and worries he might have to leave France to continue his schooling. Manprit Singh, 19, wants to stay but doesn't know if he'll be allowed to go to business college here.

Published 27 Jan, 2004 12:00am

West lacks will ever to catch Karadzic: UN prosecutor

Top Bosnian Serb war crimes suspect Radovan Karadzic is unlikely ever to be arrested as the West lacks the political will to do it, the UN's deputy prosecutor at The Hague was quoted as saying on Monday.

Published 27 Jan, 2004 12:00am

Iraq declines responsibility for massive dinar airlift to Beirut

Iraq's interior ministry said Monday it could not be held responsible for the decision of Lebanese businessmen to fly to Beirut with billions of Iraqi dinars they had cashed for a procurement contract.

Published 27 Jan, 2004 12:00am

Sri Lanka seeks to end political feud before Washington aid meet

Sri Lanka's government Monday said it hoped to end its power struggle that threatens to jeopardise a vital 4.5-billion-dollar aid package before donor nations meet in Washington next month.

Published 27 Jan, 2004 12:00am

Russian arms sales in 2003 top $5 billion

Russia notched up record weapons sales of more than five billion (four billion euros) dollars in 2003, the arms export company Rosoboronexport said on Monday.

Published 27 Jan, 2004 12:00am

Uprising leader to remain isolated in Israel jail

An Israeli court on Monday ordered Palestinian uprising leader Marwan Barghouthi held in isolation in prison for another six months.

Published 27 Jan, 2004 12:00am

Syrian cartoonist snubs UN prize over Israel link

A Syrian cartoonist said on Monday he had rejected a United Nations Correspondents Association award named after Ranan Lurie, after he discovered the world renowned cartoonist was of Israeli origin.

Published 27 Jan, 2004 12:00am

EU constitution talks resume with Irish push

The Irish presidency of the EU began a big push on Monday to revive talks on a new constitution for the bloc, with foreign ministers discussing it "positively" for the first time since negotiations collapsed last month.

Published 27 Jan, 2004 12:00am

Palestinians hail Hizbollah, await prisoners release

Families of Palestinians jailed by Israel awaited word on Monday on whether their loved ones would be among those included in a swap with Hizbollah and urged the Lebanese guerrilla group to keep on kidnapping Israeli soldiers.

Published 27 Jan, 2004 12:00am

Armed attackers kidnap 20 Iranian pilgrims in Iraq

A group of 20 Iranian pilgrims were kidnapped in Iraq by a gang of armed assailants who opened fire to halt their convoy, the official news agency IRNA reported Monday.

Published 27 Jan, 2004 12:00am

US delegation says Gaddafi doing the 'right thing'

A delegation of visiting US lawmakers said on Monday they had told Libyan leader Muammar Gaddafi they were impressed with his moves to rid his country of weapons of mass destruction.

Published 27 Jan, 2004 12:00am

Euro and dollar seesaw, US against Europe policy eyed

The euro and the dollar seesawed in volatile trade on Monday and the greenback slid towards three year lows on the yen, as Europe and US officials lined up on opposite sides of currency policy ahead of a key G7 meeting.

Published 27 Jan, 2004 12:00am

Pound eases against dollar and euro

Sterling eased against the dollar and euro on Monday as markets weighed up UK political risks to the pound at the start of the most perilous week of Tony Blair's 6-1/2 year premier-ship.

Published 27 Jan, 2004 12:00am

Hong Kong dollar ends up but off morning highs

The Hong Kong dollar edged higher on Monday, reflecting continued weakness in the US dollar and as the market dismissed fears about the spread of bird flu that drove Southeast Asian currencies down.

Published 27 Jan, 2004 12:00am

Russian rouble firms against US dollar

The Russian rouble rose against the dollar in early official trade on Monday to a weighted average for tomorrow settlement of 28.4963 per dollar compared with 28.5514 the previous session, the exchange said.

Published 27 Jan, 2004 12:00am

Asian currencies: Baht and rupiah hurt by bird flu worry

The baht and the rupiah fell over half a percent each on Monday as regional markets returned after a long Lunar New Year holiday to news a deadly bird flu had spread to Thailand and Indonesia.

Published 27 Jan, 2004 12:00am

Dollar edges down, but pre-G7 wariness limits moves

The dollar slipped against the euro and the yen on Monday, but investors were careful about heavily selling the US currency due to wariness about how the Group of Seven (G7) would react to the greenback's recent weakness.

Published 27 Jan, 2004 12:00am

Swiss franc mixed ahead of data

The Swiss franc eased on the dollar on Monday and firmed slightly on the euro with the market looking ahead to fresh Swiss economic data later this week and any reaction from the Swiss National Bank.

Published 27 Jan, 2004 12:00am

Bangladeshi taka ends weaker on import needs

The Bangladeshi taka ended slightly weaker against the dollar on Monday after the demand for the US currency rose for import-related payments, dealers said.

Published 27 Jan, 2004 12:00am

Sri Lankan rupee firms against US dollar

The Sri Lankan rupee strengthened on Monday, bouncing back after political uncertainty that drove the currency down more than 80 cents last week.

Published 27 Jan, 2004 12:00am

Weak insurers lead FTSE-100 index to third day of losses

Britain's top shares suffered a third straight day of losses on Monday, hit by weak insurers as an update from Legal & General failed to impress and by BAE Systems after a rival was chosen for talks on a key contract.

Published 27 Jan, 2004 12:00am

Closing stock market indices

Here is how major stock markets outside the United States ended on Monday.

Published 27 Jan, 2004 12:00am

Bonds: Aventis and Parmalat hit, deal pipeline healthy

The average value of European corporate bonds fell on Monday as merger concerns hit Aventis and Parmalat revealed a huge net debt figure, but new issues are building in a healthy pipeline.

Published 27 Jan, 2004 12:00am

Bonds: Aventis and Parmalat hit, deal pipeline healthy

The average value of European corporate bonds fell on Monday as merger concerns hit Aventis and Parmalat revealed a huge net debt figure, but new issues are building in a healthy pipeline.

Published 27 Jan, 2004 12:00am

Monday's unofficial close: US blue chips rise, Merck boosts Dow

US blue chips ticked up on Monday as a bullish report on Merck & Co Inc boosted the Dow and investors sifted through positive earnings reports and anticipated favourable news on the economy. The Nasdaq pared earlier declines and hovered close to unchanged

Published 27 Jan, 2004 12:00am

Thai stocks decline on bird flu outbreak

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Mar 28	149.88
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
India Sensex / Mar 28	77,414.92
Tokyo Nikkei / Mar 28	37,120.33
Nasdaq / Mar 28	17,322.99
Hang Seng / Mar 28	23,426.60
FTSE 100 / Mar 28	8,658.85
Dow Jones / Mar 28	41,583.90
Germany DAX 30 / Mar 28	22,461.52
France CAC40 / Mar 28	7,916.08

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Crude Oil USD/Barrel / Mar 28	69.10
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Gold Spot USD/Ounce / Mar 28	3,117.20
Cotton US¢/pound / Mar 28	66.90
Petrol/Litre / Mar 31	255.63
Diesel/Litre / Mar 31	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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