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Print - 2004-02-23
KEPZ dump truck importers contest CBR directive

KEPZ dump truck importers contest CBR directive

The investors/importers of dump trucks at Karachi Export Processing Zone (KEPZ) have strongly contested the involvement of manufacturers' agents in clearance of dumpers from the EPZ giving the agents a clean chit to ascertain the year of manufacture, make
Published 23 Feb, 2004 12:00am
KEPZ dump truck importers contest CBR directive

KEPZ dump truck importers contest CBR directive

The investors/importers of dump trucks at Karachi Export Processing Zone (KEPZ) have strongly contested the involvement of manufacturers' agents in clearance of dumpers from the EPZ giving the agents a clean chit to ascertain the year of manufacture, make
Published 23 Feb, 2004 12:00am
Privatisation Commission in quandary on PTA insistence to break up PTCL

Privatisation Commission in quandary on PTA insistence to break up PTCL

The Privatisation Commission appears to have been caught in the crossfire between its Advisors on the strategic management sale of Pakistan Telecommunication Company Limited, who are threatening to walk away from the deal if the government decided to brea
Published 23 Feb, 2004 12:00am
Privatisation Commission in quandary on PTA insistence to break up PTCL

Privatisation Commission in quandary on PTA insistence to break up PTCL

The Privatisation Commission appears to have been caught in the crossfire between its Advisors on the strategic management sale of Pakistan Telecommunication Company Limited, who are threatening to walk away from the deal if the government decided to brea
Published 23 Feb, 2004 12:00am
Saarc CJs call for end to delay in disposal of cases

Saarc CJs call for end to delay in disposal of cases

Chief Justices of the South Asian Association of Regional Co-operation (Saarc) have resolved to find out and introduce innovative changes in management and operation of the courts and to redefine the work patterns of the judiciaries to ensure speedy dispo
Published 23 Feb, 2004 12:00am
Saarc CJs call for end to delay in disposal of cases

Saarc CJs call for end to delay in disposal of cases

Chief Justices of the South Asian Association of Regional Co-operation (Saarc) have resolved to find out and introduce innovative changes in management and operation of the courts and to redefine the work patterns of the judiciaries to ensure speedy dispo
Published 23 Feb, 2004 12:00am
KSE moves in narrow band

KSE moves in narrow band

Share prices during last week moved in a narrow band as lack of encouraging developments forced the financial institutions and leading players of the stock market to square their positions and profit selling witnessed in nearly all sectors of the local bo
Published 23 Feb, 2004 12:00am
KSE moves in narrow band

KSE moves in narrow band

Share prices during last week moved in a narrow band as lack of encouraging developments forced the financial institutions and leading players of the stock market to square their positions and profit selling witnessed in nearly all sectors of the local bo
Published 23 Feb, 2004 12:00am
Licences of Sindh wheat traders cancelled

Licences of Sindh wheat traders cancelled

The licences of wheat traders in Sindh have been cancelled with immediate effect and now only Food Department will procure wheat crop, Sindh Secretary Food Department Muhammad Parhiyar said on Sunday
Published 23 Feb, 2004 12:00am
Licences of Sindh wheat traders cancelled

Licences of Sindh wheat traders cancelled

The licences of wheat traders in Sindh have been cancelled with immediate effect and now only Food Department will procure wheat crop, Sindh Secretary Food Department Muhammad Parhiyar said on Sunday
Published 23 Feb, 2004 12:00am
Badla rates down to single-digit level

Badla rates down to single-digit level

Slow price movement at the stock market arrested the upward movement in badla market where rates entered single-digit zone during last week.
Published 23 Feb, 2004 12:00am
Badla rates down to single-digit level

Badla rates down to single-digit level

Slow price movement at the stock market arrested the upward movement in badla market where rates entered single-digit zone during last week.
Published 23 Feb, 2004 12:00am
Conservatives emerge as winners in Iran polls

Conservatives emerge as winners in Iran polls

Iranian religious conservatives were on Sunday all-but confirmed as winners of controversial parliamentary polls, but drew a record low turnout as they put an end to the Islamic republic's turbulent experiment with reforms.
Published 23 Feb, 2004 12:00am
Conservatives emerge as winners in Iran polls

Conservatives emerge as winners in Iran polls

Iranian religious conservatives were on Sunday all-but confirmed as winners of controversial parliamentary polls, but drew a record low turnout as they put an end to the Islamic republic's turbulent experiment with reforms.
Published 23 Feb, 2004 12:00am
Queer ways of assessee and taxation officers

Queer ways of assessee and taxation officers

The queer behaviour of a tax assessee, and equally queer handling of the case by the taxation officers, came to light in a recent complaint heard by the Federal Tax Ombudsman, Justice Saleem Akhtar.
Published 23 Feb, 2004 12:00am
'Osama cornered in Pakistan's north-west'

'Osama cornered in Pakistan's north-west'

US and British special forces have cornered al-Qaeda leader Osama bin Laden in a mountainous area in north-west of Pakistan, near the Afghanistan border, the Sunday Express newspaper reported.
Published 23 Feb, 2004 12:00am
Russian team arriving to attend JWG meeting on February 23

Russian team arriving to attend JWG meeting on February 23

A 13-member Russian delegation led by Anatoly E Safonov, Deputy Foreign Minister, will be arriving in Islamabad on Monday (Today) to participate in the 2nd session of the Pak-Russia Joint Working Group (JWG) on Counter-Terrorism.
Published 23 Feb, 2004 12:00am
White oil sales growth points to economic acceleration

White oil sales growth points to economic acceleration

An upbeat trend witnessed in the white oil sales during the first half of current fiscal year showed that most of the macro-economic targets set by government planners would to be achieved during the current year as growth is visible in key industrial sec
Published 23 Feb, 2004 12:00am
'Sabeels' set up in large numbers

'Sabeels' set up in large numbers

A large number of 'sabeels' have been put up in different parts of the city to mark the beginning of the month of Muharram and to provide the general public with cold drinking water and in many cases with 'Sherbet' made from milk and dry fruits, re
Published 23 Feb, 2004 12:00am
Illegal trade brings WMD close to terrorists: Singapore

Illegal trade brings WMD close to terrorists: Singapore

Terrorists can obtain nuclear and biological devices due to a thriving illicit trade in the technology to make weapons of mass destruction, Singapore Defence Minister Teo Chee Hean warned on Sunday.
Published 23 Feb, 2004 12:00am
SSGC half-yearly results on February 23

SSGC half-yearly results on February 23

Sui Southern Gas profit in the first half of the current fiscal year may grow as much as 16 percent because of higher sales.
Published 23 Feb, 2004 12:00am
SSGC half-yearly results on February 23

SSGC half-yearly results on February 23

Sui Southern Gas profit in the first half of the current fiscal year may grow as much as 16 percent because of higher sales.
Published 23 Feb, 2004 12:00am
SSGC half-yearly results on February 23

SSGC half-yearly results on February 23

Sui Southern Gas profit in the first half of the current fiscal year may grow as much as 16 percent because of higher sales.
Published 23 Feb, 2004 12:00am
World renowned economist coming to Pakistan

World renowned economist coming to Pakistan

Peruvian born world renowned economist, Henando De Soto, is coming to Pakistan to discuss country's economic issues on the invitation of President General Pervez Musharraf.
Published 23 Feb, 2004 12:00am
World renowned economist coming to Pakistan

World renowned economist coming to Pakistan

Peruvian born world renowned economist, Henando De Soto, is coming to Pakistan to discuss country's economic issues on the invitation of President General Pervez Musharraf.
Published 23 Feb, 2004 12:00am
Eight killed in Jerusalem suicide attack

Eight killed in Jerusalem suicide attack

A Palestinian suicide bomber killed eight people on a crowded Jerusalem bus on Sunday on the eve of World Court hearings into a controversial barrier Israel says will ensure its security against such attacks.
Published 23 Feb, 2004 12:00am
Eight killed in Jerusalem suicide attack

Eight killed in Jerusalem suicide attack

A Palestinian suicide bomber killed eight people on a crowded Jerusalem bus on Sunday on the eve of World Court hearings into a controversial barrier Israel says will ensure its security against such attacks.
Published 23 Feb, 2004 12:00am
The Weather

The Weather

The weather report of Sunday (February 22) and the forecast for Monday (February 23, 2004).
Published 23 Feb, 2004 12:00am
Your rupee last Week

Your rupee last Week

Following currency fluctuations took place in foreign exchange rates during the last Week. (February 16 to 21, 2004).
Published 23 Feb, 2004 12:00am
Textile Weaving: ICC TEXTILES LIMITED - Year Ended 30-09-2003

Textile Weaving: ICC TEXTILES LIMITED - Year Ended 30-09-2003

During the year the company registered sales at Rs 583.16 million showing 19.4% growth over preceding year's. But gross profit sharply declined by 17.5% to Rs 67.42 million from the preceding year's Rs 81.75 million due to a higher increase in the materia
Published 23 Feb, 2004 12:00am
Textile Weaving: ICC TEXTILES LIMITED - Year Ended 30-09-2003

Textile Weaving: ICC TEXTILES LIMITED - Year Ended 30-09-2003

During the year the company registered sales at Rs 583.16 million showing 19.4% growth over preceding year's. But gross profit sharply declined by 17.5% to Rs 67.42 million from the preceding year's Rs 81.75 million due to a higher increase in the materia
Published 23 Feb, 2004 12:00am
Indian bonds to consolidate

Indian bonds to consolidate

Indian federal bonds are expected to be steady early this week on some profit-taking after surplus cash fuelled a rally in the last two sessions, dealers said.
Published 23 Feb, 2004 12:00am
Indian bonds to consolidate

Indian bonds to consolidate

Indian federal bonds are expected to be steady early this week on some profit-taking after surplus cash fuelled a rally in the last two sessions, dealers said.
Published 23 Feb, 2004 12:00am
Indian shares seen choppy, issues awaited

Indian shares seen choppy, issues awaited

Indian shares may trend lower in thin trading this week as cautious investors, unnerved by the recent sharp fall, await large public issues that are slated to hit the market shortly, analysts said.
Published 23 Feb, 2004 12:00am
Hong Kong stocks to gauge dollar, earnings and China IPOs

Hong Kong stocks to gauge dollar, earnings and China IPOs

Hong Kong stocks could be vulnerable this week to a reversal in the weak US dollar, but corporate results may provide some support as investors also gauge demand for China initial public offerings.
Published 23 Feb, 2004 12:00am
Taiwan stocks seen powering ahead as techs revive

Taiwan stocks seen powering ahead as techs revive

Taiwan stocks, trading at a 40-month high, are expected to muscle past profit-taking pressure this week as dormant technology shares regain momentum on upbeat economic data and pre-election optimism.
Published 23 Feb, 2004 12:00am
FTSE-100 on tenterhooks as insurers report

FTSE-100 on tenterhooks as insurers report

A heavy dose of earnings from financial companies, including insurers Prudential and Aviva will be scanned this week for signs the sector has turned the corner, as Britain's top shares continue to rise.
Published 23 Feb, 2004 12:00am
Egypt interbank rate edges up

Egypt interbank rate edges up

The median overnight interbank rate on Egypt's pound nudged up to seven percent on Sunday from 6-3/4 percent the previous session, encouraged by rising rates accepted at recent central bank deposit auctions, traders said.
Published 23 Feb, 2004 12:00am
IPO bonanza seen for Southeast Asia in 2004

IPO bonanza seen for Southeast Asia in 2004

Large Southeast Asian initial public offerings are expected to more than double this year as investors scouring for Asian bargains eye a fresh wave of privatisation's, say investment bankers.
Published 23 Feb, 2004 12:00am
Sainsbury nears 230 million sterling deal for TM

Sainsbury nears 230 million sterling deal for TM

British food retailer J. Sainsbury Plc is in exclusive talks to buy TM Group, the convenience store and newsagent chain, for about 230 million pounds ($433 million), according to The Sunday Times.
Published 23 Feb, 2004 12:00am
Cairo shares slide, OT news disappoints

Cairo shares slide, OT news disappoints

Egyptian shares ended lower on Sunday after Orascom Telecom (OT) came under pressure from recent downbeat news including comments that the firm expected subscriber growth to dip in 2004, traders said.
Published 23 Feb, 2004 12:00am
Most Asian currencies fall against dollar

Most Asian currencies fall against dollar

Most regional currencies fell against the US dollar over the week, reflecting the yen's slide against the greenback. The Philippine peso fell to a record low, while the Australian dollar consolidated after touching a seven-year high.
Published 23 Feb, 2004 12:00am
Alitalia chief set to resign

Alitalia chief set to resign

Alitalia Chief Executive Francesco Mengozzi is set to resign at a board meeting this week rather than bow to government demands to water down a plan to overhaul the carrier, Italian newspapers said on Sunday.
Published 23 Feb, 2004 12:00am
BAE injects cash into UAE leasing firm

BAE injects cash into UAE leasing firm

Defence and aerospace giant BAE Systems is to pump 10 million dollars into Oasis International Leasing, the Abu Dhabi-based firm announced Sunday.
Published 23 Feb, 2004 12:00am
BAE injects cash into UAE leasing firm

BAE injects cash into UAE leasing firm

Defence and aerospace giant BAE Systems is to pump 10 million dollars into Oasis International Leasing, the Abu Dhabi-based firm announced Sunday.
Published 23 Feb, 2004 12:00am
Tax cuts top Singapore budget agenda and deficit looms

Tax cuts top Singapore budget agenda and deficit looms

Income and corporate tax cuts, the final step in an overhaul of Singapore's taxation system, could lead to a record fourth straight deficit when the government unveils its budget this week, analysts said.
Published 23 Feb, 2004 12:00am
Indian ONGC finds gas in deep-sea region

Indian ONGC finds gas in deep-sea region

State-run Oil and Natural Gas Corp (ONGC) said on Sunday it had discovered gas in a deep-water exploration block in the Bay of Bengal.
Published 23 Feb, 2004 12:00am
Big euro zone countries bid to dominate ECB board

Big euro zone countries bid to dominate ECB board

European finance ministers are considering reserving seats for big countries on the powerful European Central Bank board, allowing their candidates to dominate monetary policymaking.
Published 23 Feb, 2004 12:00am
Armani to open 14 hotels and resorts

Armani to open 14 hotels and resorts

Giorgio Armani SpA and EMAAR Properties announced Sunday they have signed a letter of intent to create a world-wide collection of Armani luxury hotels and resorts.
Published 23 Feb, 2004 12:00am
Emerging demand lends support to Asian LNG price

Emerging demand lends support to Asian LNG price

Strong global demand is likely to limit the downtrend in Asian prices for liquefied natural gas (LNG), but abundant new capacity and the bargaining power of energy-thirsty China will keep the market under pressure.
Published 23 Feb, 2004 12:00am
India approves rules for telecom mergers

India approves rules for telecom mergers

India approved rules on Sunday allowing telecoms operators to buy local rivals in an attempt to encourage consolidation of the booming but fragmented industry.
Published 23 Feb, 2004 12:00am
South Korea to help new firms to aid growth

South Korea to help new firms to aid growth

South Korea plans to help new companies through tax benefits and deregulation in a move to spur economic growth, the Yonhap News reported on Sunday.
Published 23 Feb, 2004 12:00am
Lebanese hope for big Saudi investments in services and IT

Lebanese hope for big Saudi investments in services and IT

Saudi and Lebanese businessmen opened a two-day forum here on Sunday which both sides said aimed at boosting already strong links, with the Lebanese looking to attract more Saudi investments in their tourism and service sectors.
Published 23 Feb, 2004 12:00am
Hitachi to enter growing market of medicare products

Hitachi to enter growing market of medicare products

Japan's Hitachi Ltd will enter the growing market of home medical care products next year, launching a device to gauge blood sugar levels of diabetic patients without drawing their blood, a report said Sunday.
Published 23 Feb, 2004 12:00am
SK Corp revamps scandal-tainted board

SK Corp revamps scandal-tainted board

SK Corp's board decided Sunday to oust three members in a reshuffle aimed at improving governance in a battle with foreign shareholders over management control at the lucrative South Korean oil refiner, officials said.
Published 23 Feb, 2004 12:00am
SK Corp revamps scandal-tainted board

SK Corp revamps scandal-tainted board

SK Corp's board decided Sunday to oust three members in a reshuffle aimed at improving governance in a battle with foreign shareholders over management control at the lucrative South Korean oil refiner, officials said.
Published 23 Feb, 2004 12:00am
Nato needs time to plan Iraq mission

Nato needs time to plan Iraq mission

A top Nato general was quoted on Saturday saying it would take time to plan any mission in Iraq even if Nato leaders gave the go ahead for an operation in June.
Published 23 Feb, 2004 12:00am
Opposition members and offices attacked in Georgia

Opposition members and offices attacked in Georgia

Thugs beat up opposition members and destroyed two offices of groups opposed to the leader of Georgia's semi-autonomous region of Adjara, the groups said Saturday, pinning the blame on the regional government.
Published 23 Feb, 2004 12:00am
Chen ready to make peace with Chinese leader

Chen ready to make peace with Chinese leader

Taiwan President Chen Shui-bian offered on Saturday to shake hands and make peace with Chinese leader Hu Jintao, in an apparent bid to reassure voters that bilateral ties would not worsen if he is re-elected next month.
Published 23 Feb, 2004 12:00am
Britain plans big boost to domestic spy agency

Britain plans big boost to domestic spy agency

Britain intends to boost the size of its domestic intelligence service MI5 by hiring 1,000 new staff to counter the threat of terrorism, British news media reported Saturday.
Published 23 Feb, 2004 12:00am
Libya secretly made bomb-grade plutonium

Libya secretly made bomb-grade plutonium

Over two decades, Libya secretly produced weapons grade nuclear material in a programme to make an atomic bomb that was more extensive than previously believed, the UN nuclear watchdog said in a report on Friday.
Published 23 Feb, 2004 12:00am
US diplomats to return to Saudi Arabia

US diplomats to return to Saudi Arabia

The United States has authorised non-essential diplomats and families to return to Saudi Arabia, two months after it allowed them to leave because of security fears, the US embassy in Riyadh said on Saturday.
Published 23 Feb, 2004 12:00am
Two Chinese men to be sent on space in 2005

Two Chinese men to be sent on space in 2005

China, which last year became the third nation to blast a man into space, plans to send two astronauts up on a five-to-seven-day mission in 2005 and later build a space station, state television reported on Saturday.
Published 23 Feb, 2004 12:00am
Taleban losing strength: US

Taleban losing strength: US

The United States military in Afghanistan Saturday ruled out reports that members of the ousted Taleban regime were regrouping in the south-east of the country to launch a major attack.
Published 23 Feb, 2004 12:00am
Ten Moroccans jailed

Ten Moroccans jailed

A court in Morocco's capital Rabat has jailed 10 people for eight years on conviction of belonging to a banned fundamentalist movement and terrorist offences, a legal source said Saturday.
Published 23 Feb, 2004 12:00am
Russia to support Iraq polls under UN aegis

Russia to support Iraq polls under UN aegis

Russia, a leading opponent of the US-led invasion of Iraq, said on Saturday that it did not support holding Iraqi elections until the end of the US military occupation and a hand-over to Iraqi sovereignty.
Published 23 Feb, 2004 12:00am
Saudi Arabian academics call for stepped up political reform

Saudi Arabian academics call for stepped up political reform

Hundreds of Saudi academics and professionals sent a petition Saturday to Crown Prince Abdullah bin Abdul Aziz urging him to speed up political reforms in Saudi Arabia, according to a copy received by AFP in neighbouring Bahrain.
Published 23 Feb, 2004 12:00am
Iraq may lay claim to Jordan and Kuwait

Iraq may lay claim to Jordan and Kuwait

The president of the Iraqi interim Governing Council said Saturday that Baghdad could consider territorial claims over neighbouring Jordan and Kuwait in the future.
Published 23 Feb, 2004 12:00am
'UN peacekeepers need more training'

'UN peacekeepers need more training'

United Nations peacekeepers need more training to do their jobs effectively in the face of growing challenges, Bangladesh's foreign minister told a conference on peacekeeping operations Sunday.
Published 23 Feb, 2004 12:00am
Rebels take airport in Cap-Haitien

Rebels take airport in Cap-Haitien

Armed rebels who control part of Haiti's north moved Sunday into the airport in Cap-Haitien, the country's second largest city, and seized an aircraft, witnesses said.
Published 23 Feb, 2004 12:00am
Curfew slapped in Ujjain after Hindu and Muslim clashes

Curfew slapped in Ujjain after Hindu and Muslim clashes

A curfew has been ordered on a central Hindu pilgrimage town after Hindus and Muslims clashed over the demolition of buildings near a mosque ahead of a major Hindu festival, a police official said on Sunday.
Published 23 Feb, 2004 12:00am
Al Qaeda involved in Iraq attacks: Rumsfeld

Al Qaeda involved in Iraq attacks: Rumsfeld

US Defence Secretary Donald Rumsfeld, arriving on an unannounced visit to the Gulf, said on Sunday al Qaeda group were among insurgents launching deadly attacks in Iraq to spark civil war there.
Published 23 Feb, 2004 12:00am
IAF to take part in Nato exercises in Alaska

IAF to take part in Nato exercises in Alaska

India's air force will take part, for the first time, in military exercises with Nato countries in July in Alaska, a newspaper report said on Sunday.
Published 23 Feb, 2004 12:00am
Attackers kill more than 190 civilians in Uganda

Attackers kill more than 190 civilians in Uganda

Suspected rebels of the Lord's Resistance Army (LRA) have massacred civilians at a refugee camp in northern Uganda, sources said Sunday, with a local politician putting the death toll at 192.
Published 23 Feb, 2004 12:00am
Nader announces another White House run in 2004

Nader announces another White House run in 2004

Ralph Nader, whose third-party White House bid in 2000 was blamed by some Democrats for helping elect President George W. Bush, said on Sunday he will try again this year as an independent.
Published 23 Feb, 2004 12:00am
Nuclear parts bought from sub-continent dealers: Iran

Nuclear parts bought from sub-continent dealers: Iran

Iran acknowledged on Sunday that it bought nuclear components on a shady black market amid mounting concern that the Islamic Republic may still be concealing sensitive nuclear research.
Published 23 Feb, 2004 12:00am
Sheikh Zayed to fund repairs Al-Aqsa Mosque

Sheikh Zayed to fund repairs Al-Aqsa Mosque

United Arab Emirates (UAE) President Sheikh Zayed bin Sultan al-Nahyan is paying for repairs to Jerusalem's Al-Aqsa Mosque, which sustained some damage during an earthquake earlier this month, the official WAM news agency reported Sunday.
Published 23 Feb, 2004 12:00am
Pilot killed as helicopter fired at in Afghanistan

Pilot killed as helicopter fired at in Afghanistan

A pilot was killed and a US passenger critically injured in southern Afghanistan on Sunday when their helicopter came under fire in an attack claimed by rebels from the ousted Taleban militia.
Published 23 Feb, 2004 12:00am