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Print - 2004-02-01
Canadian bonds rise on US growth figures

Canadian bonds rise on US growth figures

The Canadian domestic bond prices finish higher on Friday, driven higher by the weak US data, as well as by weak Canadian growth figures.
Published 01 Feb, 2004 12:00am
Canadian bonds rise on US growth figures

Canadian bonds rise on US growth figures

The Canadian domestic bond prices finish higher on Friday, driven higher by the weak US data, as well as by weak Canadian growth figures.
Published 01 Feb, 2004 12:00am
Mexican stocks follow Wall Street to end down

Mexican stocks follow Wall Street to end down

Mexican stocks ended lower amid profit-taking on Friday, following Wall Street down after news the US economy grew slower than expected in the fourth quarter.
Published 01 Feb, 2004 12:00am
Qwest sells $1.775 billion of junk bonds

Qwest sells $1.775 billion of junk bonds

Qwest Communications International Inc, sold $1.775 billion of junk bonds on Friday, but some of the weakest conditions in the US junk bond market since last summer forced the telecom company to sweeten the deal, investors said.
Published 01 Feb, 2004 12:00am
Qwest sells $1.775 billion of junk bonds

Qwest sells $1.775 billion of junk bonds

Qwest Communications International Inc, sold $1.775 billion of junk bonds on Friday, but some of the weakest conditions in the US junk bond market since last summer forced the telecom company to sweeten the deal, investors said.
Published 01 Feb, 2004 12:00am
American credit market outlook

American credit market outlook

While the high-grade credit market saw spreads gradually widen again this week on ongoing profit-taking, some strategists and analysts once again expressed preferences for companies with ratings around junk levels.
Published 01 Feb, 2004 12:00am
American credit market outlook

American credit market outlook

While the high-grade credit market saw spreads gradually widen again this week on ongoing profit-taking, some strategists and analysts once again expressed preferences for companies with ratings around junk levels.
Published 01 Feb, 2004 12:00am
US stocks fall as fourth-quarter GDP data disappoint

US stocks fall as fourth-quarter GDP data disappoint

US stocks fell on Friday after a report showing fourth-quarter US economic growth was below Wall Street forecasts raised concerns about the strength of the recovery and prompted investors to lock in recent gains.
Published 01 Feb, 2004 12:00am
11 cleared of 'glorifying' ritual Hindu suicide

11 cleared of 'glorifying' ritual Hindu suicide

Eleven people were acquitted Saturday on charges of "glorifying" the banned practice of sati, where Hindu widows burn themselves to death on their husbands' funeral pyres, following a notorious incident in 1987.
Published 01 Feb, 2004 12:00am
Bush establishes commission for space agenda

Bush establishes commission for space agenda

President George W. Bush established a commission on Friday to make space policy recommendations about what research should be done on the moon and criteria for human space missions.
Published 01 Feb, 2004 12:00am
Rover Opportunity signals driving on Mars

Rover Opportunity signals driving on Mars

The rover Opportunity signalled to Nasa scientists on Saturday that it has driven onto the surface of Mars to begin a mission to explore the planet's geological history and search for signs of water.
Published 01 Feb, 2004 12:00am
China's chance to stop bird flu narrowing: WHO

China's chance to stop bird flu narrowing: WHO

China's window of opportunity to stop the spread of bird flu is narrowing, the World Health Organisation (WHO) said, while the country stepped up checks on poultry nation-wide for signs of the deadly virus.
Published 01 Feb, 2004 12:00am
Elections not to be held as it lacks legitimacy: Iran

Elections not to be held as it lacks legitimacy: Iran

Iran's electoral crisis deepened on Saturday with the government warning a parliamentary vote lacked legitimacy and could not be held due to the mass disqualification of reformist candidates by a hard-line watchdog.
Published 01 Feb, 2004 12:00am
US keen for Nato expansion in Afghanistan

US keen for Nato expansion in Afghanistan

The United States would like to see an expansion of the Nato-led international peacekeeping force in Afghanistan but without reducing the number of US-led coalition troops here, a visiting Congresswoman said Saturday.
Published 01 Feb, 2004 12:00am
Coalition releases 120 Iraqi prisoners

Coalition releases 120 Iraqi prisoners

The US-led coalition Saturday released about 120 prisoners from the infamous Abu Ghraib jail compound near Baghdad, relatives said.
Published 01 Feb, 2004 12:00am
Saddam to be handed over to special Governing Council court

Saddam to be handed over to special Governing Council court

Ousted dictator Saddam Hussein remains in Iraq and will be handed over to a special court being set up by the US-appointed Governing Council to face charges of genocide and invasion of neighbouring countries, US administrator Paul Bremer said in an interv
Published 01 Feb, 2004 12:00am
BBC staff defends former boss

BBC staff defends former boss

Indignant BBC staff defended their ex-boss on Saturday and there were renewed demands for an inquiry into Britain's case for war in Iraq as the fallout from an explosive report showed no sign of abating.
Published 01 Feb, 2004 12:00am
Palestinians urge World Court to rule on barrier

Palestinians urge World Court to rule on barrier

The Palestinian Authority said on Saturday it had submitted a formal affidavit to the World Court supporting its right to rule on a huge barrier Israel is building in the West Bank.
Published 01 Feb, 2004 12:00am
Sikhs across Europe protest French ban

Sikhs across Europe protest French ban

A Paris boulevard became a sea of coloured turbans on Saturday as Sikhs from across Europe marched to defend their traditional headgear against a looming French ban on religious symbols in state schools.
Published 01 Feb, 2004 12:00am
PPP nominee declared successful

PPP nominee declared successful

An Election Tribunal, headed by Justice Rustam Ali Malik has rejected the petition of Syed Abbas Akbar alias Mohni Shah of a nominee of National Alliance (Pakistan Millat Party) from PP-199, Multan, against the PPPP's nominee, Syed Nazim Hussain Shah, and
Published 01 Feb, 2004 12:00am
Sacrificial animals prices go down

Sacrificial animals prices go down

Prices of cattle have begun to register decrease after the arrival of more cows and goats from the Saraiki belt of the Punjab and Sindh.
Published 01 Feb, 2004 12:00am
AKU inter-school sports tournament concludes

AKU inter-school sports tournament concludes

The inter-school/collegiate Basketball and Throwball events were completed at AKU Sports Centre Gymnasium on Thursday which were organised by the AKU Sports & Rehabilitation Centre.
Published 01 Feb, 2004 12:00am
European team visits Lakki and Bannu districts

European team visits Lakki and Bannu districts

British High Commissioner to Pakistan Mark Lyall Grant and Ambassador of European Union Ilkka Uusitalo accompanied by their team on Saturday paid a private visit to Lakki and Bannu districts of NWFP.
Published 01 Feb, 2004 12:00am
Wapda launches recovery drive

Wapda launches recovery drive

Water and Power Development Authority (Wapda) has launched a special campaign for recovery of outstanding dues from its permanently disconnected power consumers.
Published 01 Feb, 2004 12:00am
Ban imposed on use of sports grounds

Ban imposed on use of sports grounds

Sindh Minister for Sports and Youth Affairs, Naeem Ishtiaq, has imposed a ban on the use of sports grounds other than the sports activities.
Published 01 Feb, 2004 12:00am
Soil water in eight districts found contaminated

Soil water in eight districts found contaminated

The lethal and poisonous compound arsenic has been found in soil water in eight Punjab districts, causing harmful diseases especially cancer, skin diseases due to unabated use of agriculture pesticides, industrial chemicals and wastage of petroleum produc
Published 01 Feb, 2004 12:00am
Vegetable and fruit prices shoot up

Vegetable and fruit prices shoot up

Market forces that generally play havoc, resulting in high price spiral particularly in days of festivities and rituals, are again active, as prices of vegetables and fruits have witnessed sudden rise ahead of Eid.
Published 01 Feb, 2004 12:00am
Date extended

Date extended

KESC has announced that electricity bills, of which, the last date is falling during Eid-ul-Azha holidays may be paid on February 6, 2004 without late payment charges, a KESC spokesman said on Saturday.
Published 01 Feb, 2004 12:00am
Delegation to visit Kabul after Eid, says Faisal

Delegation to visit Kabul after Eid, says Faisal

Interior Minister Faisal Saleh Hayat has said a delegation will travel to Afghanistan soon after Eid to finalise the training and assistance to their armed forces and police personnel.
Published 01 Feb, 2004 12:00am
Present rulers to face action for anti-national policies: PML-N

Present rulers to face action for anti-national policies: PML-N

The present rulers would be tried in the squares of major cities for giving Pakistan's air-bases, sea-ports, and intelligence network to United States for attacking Afghanistan, the operation in south Waziristan, allowing the India for erecting fences on
Published 01 Feb, 2004 12:00am
The bird flu

The bird flu

The recent outbreak of the bird flu only brings to light the dismal conditions the chickens are kept in, not to mention the unhealthy, artificial feed they are given.
Published 01 Feb, 2004 12:00am
Public holidays

Public holidays

Nazim Haji has very rightly called for a reduction in the number of public holidays we are observing in Pakistan.
Published 01 Feb, 2004 12:00am
Draft sales tax refund rules

Draft sales tax refund rules

The draft Sales Tax Rules 2004 has been prepared and proposed to replace, by 15 January 2004, the existing Sales Tax Refund Rules 2002 with the basic objectives (1) to mitigate risk by stopping leakages of massive revenue through millions of rupees in ill
Published 01 Feb, 2004 12:00am
Welcome reprieve for Pak Basmati

Welcome reprieve for Pak Basmati

Pakistan's efforts to contest the European Union Commission's decision last December to withdraw the concession of abatement of import duty on exports of Super Basmati rice from Pakistan has ultimately been rewarded with success.
Published 01 Feb, 2004 12:00am
Pakistan must join the war against flu virus

Pakistan must join the war against flu virus

Coming at the heels of the Thai government's desperate decision to include the soldiers and prisoners in the gigantic task of destroying all the flue stricken chickens, indications of the growing controversy over the causes and consequences of the epidemi
Published 01 Feb, 2004 12:00am
Call for promoting Punjabi literature and culture

Call for promoting Punjabi literature and culture

Intellectuals, writers and critics of Punjabi language both from India and Pakistan have called for waging concerted efforts for promoting Punjabi literature and culture.
Published 01 Feb, 2004 12:00am
Section 9 (2) B: FTO's statement welcomed

Section 9 (2) B: FTO's statement welcomed

The Federal Tax Ombudsman, Justice Saleem Akhtar's statement that he would recommend review of Section 9 (2) B has been widely acclaimed by members of business community.
Published 01 Feb, 2004 12:00am
Aptma lauds government on debt prepayment

Aptma lauds government on debt prepayment

The apex body of textile industry, All Pakistan Textile Mills Association (Aptma), has appreciated government's effort to improve the balance sheet of the country by paying back the costly debt of Asian Development Bank ahead of schedule.
Published 01 Feb, 2004 12:00am
PUJ holds demonstration

PUJ holds demonstration

Punjab Union of Journalists (PUJ) on Saturday held a protest meeting to press the government to hold trial of murderer of journalist Sajid Tanuli in Terrorist Court.
Published 01 Feb, 2004 12:00am
No big deal to pay off ADB debt: PPP

No big deal to pay off ADB debt: PPP

Pakistan People's Party (PPP) Spokesman Senator Farhatullah Babar said on Saturday there was no big deal in repaying loan to the Asian Development Bank (ADB).
Published 01 Feb, 2004 12:00am
RCCI lauds repayment of debt to ADB

RCCI lauds repayment of debt to ADB

Hussain Ahmed Ozgen, President, Rawalpindi Chamber of Commerce and Industry (RCCI), has lauded the repayment of 1.17 billion dollars debt to Asian Development Bank (ADB) and hoped that this would certainly improve the socio-economic structure of the count
Published 01 Feb, 2004 12:00am
Shahani's kidnapping has defamed Waziristan: NWFP governor

Shahani's kidnapping has defamed Waziristan: NWFP governor

NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) has urged the tribesmen to realise need of the hours and bring changes in their thoughts and behaviours so as to facilitate the process of progress and prosperity.
Published 01 Feb, 2004 12:00am
Iranian exhibition on February 5

Iranian exhibition on February 5

Chairman Export Promotion Bureau (EPB) Tariq Ikram will inaugurate Iran solo trade exhibition at Karachi Expo Center on February 5.
Published 01 Feb, 2004 12:00am
NWFP governor inaugurates various schemes in Fata

NWFP governor inaugurates various schemes in Fata

The NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd), on the second day of his two-day tour of North Waziristan Agency, on Saturday inaugurated the up-gradation of Government Commercial Institute Miran Shah to the College of Management S
Published 01 Feb, 2004 12:00am
Samosas and pakoras cause diabetes, heart diseases

Samosas and pakoras cause diabetes, heart diseases

British physicians have determined that 'samosas' and 'pakoras', rather all deep-fried eatables from the orient, are dangerous and one of the causes of heart diseases and diabetes.
Published 01 Feb, 2004 12:00am
Excessive use of mutton and beef harmful to health

Excessive use of mutton and beef harmful to health

Health experts have warned people to abstain from eating mutton and beef in excessive quantity on the occasion of Eid ul Azha, as it may lead towards problem of gastro-enteritis, ulcer, skin allergy, hypertension, acidity, joint pains and other health pro
Published 01 Feb, 2004 12:00am
Water not to be released till removal of illegal pumps

Water not to be released till removal of illegal pumps

Water and Power Development Authority (Wapda) and Irrigation Departments of Punjab and NWFP, while taking a serious note over the reports that waster is being stolen through illegal pumps and pipes installed along the Chashma Right Bank Canal (CRBC), have
Published 01 Feb, 2004 12:00am
Tanvir elected PBC vice chairman

Tanvir elected PBC vice chairman

Tanvir Randhawa has been elected vice chairman of the Punjab Bar Council (PBC) by securing 56 votes while his rival candidate Zia Ullah Niazi could bag 42 votes.
Published 01 Feb, 2004 12:00am
Air travellers not to worry about bird flu

Air travellers not to worry about bird flu

The International Air Transport Association (lATA) told Asia-bound air travellers that they need not worry about the outbreak of Avian influenza.
Published 01 Feb, 2004 12:00am
Lahore Chamber management flayed

Lahore Chamber management flayed

Opposition leader in Lahore Chamber of Commerce and Industry (LCCI) and leader of The Founders, Chaudhry Manzoor Tahir has flayed the management of the LCCI for raising the salary of the executive secretary for what he said "at the expense of the rest of
Published 01 Feb, 2004 12:00am
Transfers and postings of judges

Transfers and postings of judges

The Chief Justice of the Lahore High Court made transfers and postings among 19 additional district and session judges (AD&SJ).
Published 01 Feb, 2004 12:00am
PML-N seeks review of foreign policy

PML-N seeks review of foreign policy

The government should review and redefine its foreign policy measures in accordance with the changing scenario so as to redress follies of the past.
Published 01 Feb, 2004 12:00am
Turkish minister meets Rao

Turkish minister meets Rao

Turkish Finance Minister Kemal Unakitan, called on Senior Federal Minister and Minister for Defence Rao Sikandar Iqbal here on Saturday.
Published 01 Feb, 2004 12:00am
Ms Akhtar assumes charge as ADB DG

Ms Akhtar assumes charge as ADB DG

Ms Shamshad Akhtar assumed the position of the director-general of the Asian Development Bank's (ADB) Southeast Asia Department in January 2004.
Published 01 Feb, 2004 12:00am
Gwadar being developed as commercial port: foreign office

Gwadar being developed as commercial port: foreign office

The Foreign Office spokesman on Saturday said that the Gwadar Port was being developed as commercial port and that would enhance country's economic and trade relations with countries of Central Asia, Middle East and Europe.
Published 01 Feb, 2004 12:00am
SAI hails debt prepayment

SAI hails debt prepayment

Muhammad Nisar Shekhani, Chairman, Site Association of Industry (SAI), has hailed the ahead of schedule payment of $ 1.17 billion debt.
Published 01 Feb, 2004 12:00am
Tajik foreign minister meets President

Tajik foreign minister meets President

Foreign Minister of Tajikistan, Talbak Nazarov, who is on three-day official visit to Pakistan, on Saturday met President Pervez Musharraf.
Published 01 Feb, 2004 12:00am
ECO meeting decisions welcomed

ECO meeting decisions welcomed

Manzar Alam, Chairman, Advisory Board, Korangi Association of Trade and Industry (Kati), commenting on the joint communiqué issued by the Finance Ministers of the Economic Co-operation Organisation (ECO) at the conclusion of their meeting in Islamabad, ha
Published 01 Feb, 2004 12:00am
Pakistan not to give up nuclear capability: minister

Pakistan not to give up nuclear capability: minister

Federal Minister for Information and Broadcasting Sheikh Rashid Ahmed has categorically said Pakistan will neither give up its nuclear capability nor would transfer the sensitive technology to others.
Published 01 Feb, 2004 12:00am
Supreme Court to reopen on February 6

Supreme Court to reopen on February 6

The Supreme Court's four benches that rose with the conclusion of the working hours on Friday last will now return here on Friday in the next week.
Published 01 Feb, 2004 12:00am
Security tightened in Islamabad

Security tightened in Islamabad

Islamabad police have made elaborate security arrangements in the capital for Eid-ul-Azha to avoid any untoward situation, said Senior Superintendent Police (SSP), Islamabad on Saturday.
Published 01 Feb, 2004 12:00am
Mozambique invites Pakistani investors to set up banks

Mozambique invites Pakistani investors to set up banks

Egas Mussanhane, Chairman of Mozambique Federation of Chambers of Commerce, on Saturday invited the Pakistani investors to avail the opportunities to set up industrial, business and banking ventures in his country.
Published 01 Feb, 2004 12:00am
Four killed in occupied Kashmir

Four killed in occupied Kashmir

Three suspected freedom fighters were killed in a shoot-out with occupation security forces after taking refuge in a mosque in occupied Kashmir, the occupation army said on Saturday.
Published 01 Feb, 2004 12:00am
Four killed in occupied Kashmir

Four killed in occupied Kashmir

Three suspected freedom fighters were killed in a shoot-out with occupation security forces after taking refuge in a mosque in occupied Kashmir, the occupation army said on Saturday.
Published 01 Feb, 2004 12:00am
British Home Secretary due on February 2

British Home Secretary due on February 2

British Home Secretary David Blunkett arrives in Islamabad on February 2 on two-day visit to strengthen co-operation on issues including migration, counter-terrorism and policing, a statement from the British Home department has said.
Published 01 Feb, 2004 12:00am
British Home Secretary due on February 2

British Home Secretary due on February 2

British Home Secretary David Blunkett arrives in Islamabad on February 2 on two-day visit to strengthen co-operation on issues including migration, counter-terrorism and policing, a statement from the British Home department has said.
Published 01 Feb, 2004 12:00am
No more bird flu in country: PPA

No more bird flu in country: PPA

Pakistan Poultry Association (PPA), Sindh, on Saturday said that local poultry farms were no more in the grip of bird flu.
Published 01 Feb, 2004 12:00am
Karzai confirms 10 Afghans killed in US raid

Karzai confirms 10 Afghans killed in US raid

About 10 Afghan villagers were killed in a US air raid two weeks ago in Uruzgan province in the centre of the country, Afghanistan's US-backed president said on Saturday.
Published 01 Feb, 2004 12:00am
Karzai confirms 10 Afghans killed in US raid

Karzai confirms 10 Afghans killed in US raid

About 10 Afghan villagers were killed in a US air raid two weeks ago in Uruzgan province in the centre of the country, Afghanistan's US-backed president said on Saturday.
Published 01 Feb, 2004 12:00am
FPCCI body seeks 10 percent withholding tax relief on BSCs

FPCCI body seeks 10 percent withholding tax relief on BSCs

Dr Mirza Ikhtiar Baig, chairman, standing committee on banking, credit and finance of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has requested Finance Minister Shaukat Aziz not to levy 10 percent withholding tax on Bahbood Saving
Published 01 Feb, 2004 12:00am
FPCCI body seeks 10 percent withholding tax relief on BSCs

FPCCI body seeks 10 percent withholding tax relief on BSCs

Dr Mirza Ikhtiar Baig, chairman, standing committee on banking, credit and finance of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has requested Finance Minister Shaukat Aziz not to levy 10 percent withholding tax on Bahbood Saving
Published 01 Feb, 2004 12:00am
PCGA opposes cotton import from India

PCGA opposes cotton import from India

Some textile millers have booked 300,000 bales of cotton of Shankar-6 quality when the prices of Indian cotton were 65 to 70 cent per pound, mostly for February and March delivery, of which, 50,000 bales were delivered in January.
Published 01 Feb, 2004 12:00am
PCGA opposes cotton import from India

PCGA opposes cotton import from India

Some textile millers have booked 300,000 bales of cotton of Shankar-6 quality when the prices of Indian cotton were 65 to 70 cent per pound, mostly for February and March delivery, of which, 50,000 bales were delivered in January.
Published 01 Feb, 2004 12:00am
National Bank promotes six executives

National Bank promotes six executives

National Bank of Pakistan (NBP) has promoted six senior vice presidents (SVPs) to the post of senior executive vice presidents (SEVPs).
Published 01 Feb, 2004 12:00am
National Bank promotes six executives

National Bank promotes six executives

National Bank of Pakistan (NBP) has promoted six senior vice presidents (SVPs) to the post of senior executive vice presidents (SEVPs).
Published 01 Feb, 2004 12:00am
Boeing 777 given vociferous reception in Karachi

Boeing 777 given vociferous reception in Karachi

The first of the three newly acquired Boeing 777-200ER flew into Karachi on Saturday afternoon to a vociferous reception at the airport arranged by PIA management.
Published 01 Feb, 2004 12:00am
Boeing 777 given vociferous reception in Karachi

Boeing 777 given vociferous reception in Karachi

The first of the three newly acquired Boeing 777-200ER flew into Karachi on Saturday afternoon to a vociferous reception at the airport arranged by PIA management.
Published 01 Feb, 2004 12:00am
11 feared dead in UK care home fire

11 feared dead in UK care home fire

At least 11 elderly residents were feared to have died in a fire at a care home in Scotland on Saturday, a fire service spokesman said.
Published 01 Feb, 2004 12:00am
$261 million contracts awarded for repair of highways

$261 million contracts awarded for repair of highways

The National Highway Authority (NHA) on Saturday awarded three contracts worth $261 million to Hussnain Cotex Limited, M Ayub Limited and Caster International for expansion, surfacing and rehabilitation of 856 km long highways.
Published 01 Feb, 2004 12:00am
$261 million contracts awarded for repair of highways

$261 million contracts awarded for repair of highways

The National Highway Authority (NHA) on Saturday awarded three contracts worth $261 million to Hussnain Cotex Limited, M Ayub Limited and Caster International for expansion, surfacing and rehabilitation of 856 km long highways.
Published 01 Feb, 2004 12:00am
German industry split on emissions trading

German industry split on emissions trading

German industry is set to pull out of government talks over the allocation of emissions trading certificates because the firms involved cannot agree, weekly magazine Der Spiegel said on Saturday.
Published 01 Feb, 2004 12:00am