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Print - 2004-03-14
Encroachment at Nagaria Textile Mills

Encroachment at Nagaria Textile Mills

M/s Nagaria Textile Mills Pvt Ltd, our esteemed member complained that fruit vendors and vegetable merchants, occupied the surroundings of the mill on February 21, 2004 which is unauthorised and illegal.
Published 14 Mar, 2004 12:00am
California nears deal on workers' compensation reform

California nears deal on workers' compensation reform

California Lawmakers and Governor Arnold Schwarzenegger are near a deal to reform a workers' compensation system whose high costs, critics claim, have been a drag on the local economy, the state's Assembly speaker said on Friday.
Published 14 Mar, 2004 12:00am
Search for 700 cars from Afghanistan to be launched

Search for 700 cars from Afghanistan to be launched

The Central Board of Revenue (CBR) is preparing an action plan to search and seize over 700 vehicles temporarily imported into Pakistan from Afghanistan as these cars are plying in Pakistan on expiry of road permits.
Published 14 Mar, 2004 12:00am
Search for 700 cars from Afghanistan to be launched

Search for 700 cars from Afghanistan to be launched

The Central Board of Revenue (CBR) is preparing an action plan to search and seize over 700 vehicles temporarily imported into Pakistan from Afghanistan as these cars are plying in Pakistan on expiry of road permits.
Published 14 Mar, 2004 12:00am
Israeli troops kill two Palestinians

Israeli troops kill two Palestinians

Two Palestinians were killed by Israeli gunfire on early Saturday in the Gaza Strip, in continuing violence that UN Secretary General Kofi Annan warned stymied the search for peace in the Middle East.
Published 14 Mar, 2004 12:00am
Kabul hit by rocket attack

Kabul hit by rocket attack

A rocket was fired on the west of Kabul city on Saturday but caused no damages or injuries after it landed in a pile of garbage and did not explode, an AFP correspondent said.
Published 14 Mar, 2004 12:00am
IMF cites progress on Peru credit talks

IMF cites progress on Peru credit talks

The International Monetary Fund (IMF) said on Friday it made good progress in its first round of talks with Peru to grant it a new line of credit, which is expected to be similar to the $380 million stand-by agreement the global lender approved in 2002.
Published 14 Mar, 2004 12:00am
Large dams as solution to water crisis rejected

Large dams as solution to water crisis rejected

Environmentalists, economists, social experts and activists from civil societies have rejected on Saturday large dams as solution to water crisis for being less beneficial and more damaging to environment, ecosystem and communities.
Published 14 Mar, 2004 12:00am
Large dams as solution to water crisis rejected

Large dams as solution to water crisis rejected

Environmentalists, economists, social experts and activists from civil societies have rejected on Saturday large dams as solution to water crisis for being less beneficial and more damaging to environment, ecosystem and communities.
Published 14 Mar, 2004 12:00am
Mahar to chair meeting on March 14

Mahar to chair meeting on March 14

Sindh Chief Minister Sardar Ali Mohammed Mahar will preside over a meeting to consider matters relating to the National Economic Council at Chief Minister House on Sunday.
Published 14 Mar, 2004 12:00am
Mahar to chair meeting on March 14

Mahar to chair meeting on March 14

Sindh Chief Minister Sardar Ali Mohammed Mahar will preside over a meeting to consider matters relating to the National Economic Council at Chief Minister House on Sunday.
Published 14 Mar, 2004 12:00am
Efforts underway to enter into RTAs: Humayun

Efforts underway to enter into RTAs: Humayun

Commerce Minister Humayun Akhtar Khan on Saturday said that Pakistan was trying to enter into different regional trading arrangements (RTAs) and bilateral free trade agreements to increase its exports.
Published 14 Mar, 2004 12:00am
Efforts underway to enter into RTAs: Humayun

Efforts underway to enter into RTAs: Humayun

Commerce Minister Humayun Akhtar Khan on Saturday said that Pakistan was trying to enter into different regional trading arrangements (RTAs) and bilateral free trade agreements to increase its exports.
Published 14 Mar, 2004 12:00am
ARD rejects Prime Minister's offer

ARD rejects Prime Minister's offer

The Alliance for the Restoration of Democracy (ARD) on Saturday rejected the offer of Prime Minister Mir Zafarullah Khan Jamali of incorporating the alliance into the government, saying the offer was nothing but a ridiculous joke.
Published 14 Mar, 2004 12:00am
Pakistan to export fruits to Iran

Pakistan to export fruits to Iran

Pakistan and Iran are to sign a protocol for allowing export of fruits and vegetables to Iran which were hitherto banned due to hygienic conditions.
Published 14 Mar, 2004 12:00am
IPI concerned over use of ads to stress newspapers

IPI concerned over use of ads to stress newspapers

The International Press Institute (IPI), the global network of editors, media executives and leading journalists in over 120 countries expressed concern over use of advertisements to pressure newspapers in Pakistan to curtail their criticism of the govern
Published 14 Mar, 2004 12:00am
MTBA clarification about Vakil's remarks

MTBA clarification about Vakil's remarks

Multan Tax Bar Association (MTBA) has strongly reacted to a news item appearing in a section of the press with reference to Naeem Shah, President, All Pakistan Tax Bar Association (APTBA), regarding his remarks against Member CBR (Direct Taxes), Vakil Ahm
Published 14 Mar, 2004 12:00am
Textile University affairs reviewed

Textile University affairs reviewed

A meeting chaired by Industries and Production Minister Liaqat Jatoi on Saturday reviewed the affairs of National Textile University, Faisalabad.
Published 14 Mar, 2004 12:00am
Public hospitals to get 100 percent DOTS coverage by 2005

Public hospitals to get 100 percent DOTS coverage by 2005

The federal government hospitals in the country would get 100 percent coverage facility of Directly Observed Treatment Short (DOTS), treatment of Tuberculosis under National TB Control Programme by 2005.
Published 14 Mar, 2004 12:00am
Government to award scholarships to faculties: minister

Government to award scholarships to faculties: minister

Federal Minister for Education Zubaida Jalal has said that the government has planned to award 'indigenous and abroad scholarships' to the faculties of private sector universities, besides the public sector universities.
Published 14 Mar, 2004 12:00am
CBR attention drawn towards high tax deduction

CBR attention drawn towards high tax deduction

Rice Exporters Association of Pakistan (Reap) Vice Chairman Shaikh Arshad Mehmood has drawn the attention of the member direct taxes, Central Board of Revenue to the fact that banks are still deducting 1.25 percent withholding tax on packing above 5 kilog
Published 14 Mar, 2004 12:00am
Peshawar Corps Commander calls on NWFP governor

Peshawar Corps Commander calls on NWFP governor

Corps Commander Peshawar Lieutenant General Safdar Hussain called on the NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd), here at the Governor's House on Saturday.
Published 14 Mar, 2004 12:00am
Dr Akram Sheikh made new DCPC

Dr Akram Sheikh made new DCPC

The federal government has appointed Dr Mohammad Akram Sheikh, a senior bureaucrat, new Deputy Chairman Planning Commission (DCPC) with immediate effects and until further orders, official sources told APP here on Saturday.
Published 14 Mar, 2004 12:00am
NTC approached to review tariff for seamless pipes

NTC approached to review tariff for seamless pipes

Huffaz Seamless Pipes Industries Ltd has applied to the National Tariff Commission under NTC Act 1990, seeking a recommendation to the government for tariff protection of indigenous industry, manufacturing seamless pipes and tubes.
Published 14 Mar, 2004 12:00am
Katchi abadis residents get lease papers

Katchi abadis residents get lease papers

The government was determined to regularise all katchi abadis and provide the poor masses with all basic facilities, said Sindh Chief Minister's Advisor for local government, Wasim Akhter on Saturday.
Published 14 Mar, 2004 12:00am
Health and education sectors priority areas: Durrani

Health and education sectors priority areas: Durrani

NWFP Chief Minister Akram Khan Durrani has said that health and education sectors are priority areas of his government and regretted that uplift works in these sectors are not up to the mark.
Published 14 Mar, 2004 12:00am
Awards to create trend of healthy business: SCCI chief

Awards to create trend of healthy business: SCCI chief

President Sarhad Chamber of Commerce & Industry (SCCI) Adeel Rauf has said that the granting of Businessman of the Year and Export Trophy Award would help create a trend of the healthy business competition among the business community of the province.
Published 14 Mar, 2004 12:00am
Pakistan week starts in Colombo

Pakistan week starts in Colombo

Pakistan week started in Colombo on Saturday including a Pakistani food festival and cultural show as its main events.
Published 14 Mar, 2004 12:00am
APNS executive meeting on March 15

APNS executive meeting on March 15

The Executive Committee of the APNS will meet on March 15, 2004, at Islamabad to discuss the present state of government-press relations along with other organisational issues, stated a spokesman of the APNS.
Published 14 Mar, 2004 12:00am
US Assistant State Secretary meets Sindh governor

US Assistant State Secretary meets Sindh governor

The US Assistant Secretary of State, Torkel Patterson, accompanied by Consul General Douglas C. Rohn met Sindh Governor, Dr Ishratul Ibad Khan, here at the Governor House on Saturday and discussed matters of mutual interests.
Published 14 Mar, 2004 12:00am
World standard emergency services in Punjab hospitals soon

World standard emergency services in Punjab hospitals soon

With a view to extending international standard emergency services to people and strengthening the emergency medical services, the provincial government has provided a special grant of Rs one billion to the teaching hospitals.
Published 14 Mar, 2004 12:00am
PPA meeting on March 15

PPA meeting on March 15

A meeting of the Central Executive Committee of Pakistan Poultry Association (PPA) will be held on March 15 at Poultry Research Institute, Rawalpindi.
Published 14 Mar, 2004 12:00am
CAA's emergency exercise on March 15

CAA's emergency exercise on March 15

Civil Aviation Authority (CAA), Allama Iqbal International Airport, will undertake an airport emergency exercise (full scale) on March 15 to test the response of all agencies working there.
Published 14 Mar, 2004 12:00am
Romanian Glass Art Exhibition

Romanian Glass Art Exhibition

The embassy of Romania organised Romanian Glass Art Exhibition in connection with Jashn-e-Baharan here on Saturday.
Published 14 Mar, 2004 12:00am
Arrangements on for quick issuance of Indonesian visa

Arrangements on for quick issuance of Indonesian visa

Indonesia's Acting Consul-General Hikmat Moeljama has said that arrangements are being made for quick issuance of visas to businessmen, and that multiple visa would also be considered for Pakistani businessmen on priority basis.
Published 14 Mar, 2004 12:00am
Seminar on 'Rabies in Asia'

Seminar on 'Rabies in Asia'

The seminar on 'Rabies in Asia', jointly organised by The Helpline Trust, Pakistan Medical Association and Sindh Rabies Forum will be held in PMA House on Wednesday, March 17, at 3.30 pm.
Published 14 Mar, 2004 12:00am
ANF seizes 41kg heroin

ANF seizes 41kg heroin

Anti-Narcotics Force (ANF) Punjab foiled a bid to smuggle 41 kg's white crystals heroin abroad and arrested a Nigerian Yemi red handedly from the Lahore airport.
Published 14 Mar, 2004 12:00am
Local holiday to affect economy: FPCCI VP

Local holiday to affect economy: FPCCI VP

The local holiday in Karachi on March 13th, resulting in the closure of commercial and service activities, will have an overall adverse effect on the revenue generation, which in the country is about Rs 1.5 billion a day, based on 300 working days.
Published 14 Mar, 2004 12:00am
NPO to promote upgradation in power loom sector

NPO to promote upgradation in power loom sector

The National Productivity Organisation (NPO), under the Federal Ministry of Industries and Production, is reported to have taken up the task of facilitating modernisation, up-gradation and replacement of old and obsolete power looms which are operating mo
Published 14 Mar, 2004 12:00am
Liberal flow of housing loans

Liberal flow of housing loans

Pakistan Industrial Credit and Investment Corporation (PICIC) - one of the oldest development finance institutions in the country - has ventured into housing financing with fairly sizeable loans over Rs 100 million to Aga Khan Ismailia Charitable Trust an
Published 14 Mar, 2004 12:00am
Race row hits Chirac party before regional polls

Race row hits Chirac party before regional polls

They are the sons and daughters of immigrants and were President Jacques Chirac's foot soldiers in the battle to win the votes of their communities in France's bleak city suburbs.
Published 14 Mar, 2004 12:00am
Russia's liberal presidential candidate on the stump

Russia's liberal presidential candidate on the stump

With no hope of beating Russian President Vladimir Putin in this weekend's election, liberal contender Irina Khakamada is campaigning on a "no to authoritarianism" platform - with humour, elegance and a common touch.
Published 14 Mar, 2004 12:00am
Hong Kong container port traffic up

Hong Kong container port traffic up

Sea container traffic through Hong Kong, the world's busiest container port, rose seven percent to 20.4 million twenty-foot equivalent units (TEUs) in 2003, the Census and Statistics Department said on Thursday.
Published 14 Mar, 2004 12:00am
US corporate bond spreads tighten as stocks rise

US corporate bond spreads tighten as stocks rise

US corporate bond spreads narrowed in on Friday as the stock market rose and investors looked past Thursday's bombings in Madrid and focused on the relatively strong US corporate profit outlook.
Published 14 Mar, 2004 12:00am
Euro zone government bond yields fall

Euro zone government bond yields fall

Euro zone government bond yields fell on Friday as investors ploughed into safe haven assets amid uncertainty about who planted bombs which claimed nearly 200 lives in Madrid a day ago.
Published 14 Mar, 2004 12:00am
Euro zone government bond yields fall

Euro zone government bond yields fall

Euro zone government bond yields fell on Friday as investors ploughed into safe haven assets amid uncertainty about who planted bombs which claimed nearly 200 lives in Madrid a day ago.
Published 14 Mar, 2004 12:00am
Chile stocks slip

Chile stocks slip

Chile's stocks fell on Friday in low volume as Thursday's deadly train bombings in Madrid weighed on investor sentiment, analysts said.
Published 14 Mar, 2004 12:00am
Argentina shares make gains

Argentina shares make gains

Argentine stocks rose 1.78 percent on Friday as investors regained confidence a day after bomb attacks in Madrid that killed nearly 200 people, traders said.
Published 14 Mar, 2004 12:00am
American credit market outlook

American credit market outlook

Georgia-Pacific offered a pleasant surprise for credit investors on Friday by selling its building products distribution business for an after-tax gain of $780 million, to be used for debt reduction.
Published 14 Mar, 2004 12:00am
American credit market outlook

American credit market outlook

Georgia-Pacific offered a pleasant surprise for credit investors on Friday by selling its building products distribution business for an after-tax gain of $780 million, to be used for debt reduction.
Published 14 Mar, 2004 12:00am
Japan small-cap shares seen extending bull run

Japan small-cap shares seen extending bull run

Japanese blue chip stocks may struggle to move higher in coming months as Wall Street falters but a bull run in the shares of smaller firms, whose market index is near three-and-a-half-year highs, shows little sign of ending.
Published 14 Mar, 2004 12:00am
More corrections in store for Indian stocks

More corrections in store for Indian stocks

Indian stocks, already down $16 billion in market capitalisation in 2004, are bracing for further falls as the benchmark index is set to breach a key support level, analysts said on Friday.
Published 14 Mar, 2004 12:00am
US Treasuries softer after week of huge gains

US Treasuries softer after week of huge gains

Treasury prices retreated on Friday as an essentially stable reading on US consumer confidence gave bond traders an excuse to sell after a giant rally over the past week.
Published 14 Mar, 2004 12:00am
US Treasuries softer after week of huge gains

US Treasuries softer after week of huge gains

Treasury prices retreated on Friday as an essentially stable reading on US consumer confidence gave bond traders an excuse to sell after a giant rally over the past week.
Published 14 Mar, 2004 12:00am
Mexico stocks end little changed

Mexico stocks end little changed

Mexican stocks erased early gains on Friday while the peso currency partially recovered from initial losses after Mexico's central bank tightened monetary policy to check inflation.
Published 14 Mar, 2004 12:00am
Bargain-hunting, techs lift Toronto stocks

Bargain-hunting, techs lift Toronto stocks

Toronto stocks closed higher for the first time in five sessions on Friday as bargain hunters descended on the market and stemmed its slide, helping offset a weak Canadian employment report and jitters over the Madrid bomb attacks.
Published 14 Mar, 2004 12:00am
US stocks stage comeback as security fears subside

US stocks stage comeback as security fears subside

US stocks staged a robust recovery on Friday from four days of heavy losses as investors put aside security fears triggered by the attacks in Madrid and bought heavyweight technology stocks.
Published 14 Mar, 2004 12:00am
Kerry challenges Bush to monthly debates

Kerry challenges Bush to monthly debates

Democratic presidential candidate John Kerry, visiting the site of one of the most famous political debates in US history, planned to challenge President George W. Bush on Saturday to a "real discussion about America's future" in a monthly series of debat
Published 14 Mar, 2004 12:00am
US Marines kill two gunmen in Haiti

US Marines kill two gunmen in Haiti

US Marines have killed two more gunmen after coming under fire in Haiti as US forces struggled to restore order in the tense Caribbean nation, US Marines said on Saturday.
Published 14 Mar, 2004 12:00am
Bosnian Serb police search for Karadzic

Bosnian Serb police search for Karadzic

Under Western pressure to hunt down one of the world's most wanted men, Bosnian Serb police said they launched a large-scale search on Saturday for war crimes fugitive Radovan Karadzic.
Published 14 Mar, 2004 12:00am
UN atomic agency sharply reprimand Iran

UN atomic agency sharply reprimand Iran

The UN atomic watchdog sharply reprimanded Iran on Saturday for withholding sensitive nuclear information, in a resolution that diplomats said left open the option of UN sanctions if Tehran did not co-operate.
Published 14 Mar, 2004 12:00am
Arab militant vows attacks on Russia: Al Jazeera

Arab militant vows attacks on Russia: Al Jazeera

Arab television channel Al Jazeera broadcast a videotape on Saturday of the man it said was the leader of Arab fighters in Chechnya, vowing to stage a new wave of attacks inside Russia.
Published 14 Mar, 2004 12:00am
Spainish spies see Islamic group behind attack

Spainish spies see Islamic group behind attack

Spain's intelligence service is "99 percent certain" that radical group and not the Basque separatist group ETA are responsible for train bombings that killed 200 people, a Spanish radio station said on Saturday.
Published 14 Mar, 2004 12:00am
Thousands rally against Roh impeachment

Thousands rally against Roh impeachment

Tens of thousands of South Koreans held a candlelit rally in the capital on Saturday to protest against the impeachment of President Roh Moo-hyun, hours after the acting leader appealed for calm.
Published 14 Mar, 2004 12:00am
US to improve Iraq's border security

US to improve Iraq's border security

The US-led authority in Iraq said on Saturday it would introduce a new border policy to try to keep out foreign insurgents, including closing off most of the official crossing points from Iran.
Published 14 Mar, 2004 12:00am
PSA shifts more containers in January-February

PSA shifts more containers in January-February

Singapore's PSA Corp Ltd, which runs the world's second-busiest container port after Hong Kong, said it handled 18 percent more containers in the first two months of this year compared with the same period a year earlier.
Published 14 Mar, 2004 12:00am
Northland Port cuts profit forecast

Northland Port cuts profit forecast

New Zealand port operator Northland Port Corporation reduced its annual profit forecast by 21 percent on Thursday on advice from its auditors.
Published 14 Mar, 2004 12:00am
Brazil's corn vessels line-up falls

Brazil's corn vessels line-up falls

The line-up of vessels to load corn in Brazil's ports fell to 24 this week, down from 41 two weeks ago, as soybeans start to arrive at ports and take priority, a Sao Paulo-based brokerage said on Thursday.
Published 14 Mar, 2004 12:00am
Mani hails contest

Mani hails contest

International Cricket Council (ICC) president Ehsan Mani on Saturday hailed the revival of cricket ties between India and Pakistan, saying it has given the sport a boost.
Published 14 Mar, 2004 12:00am
Sri Lankan economy growing, stability essential: IMF

Sri Lankan economy growing, stability essential: IMF

Sri Lanka's economy is healing as it emerges from 20 years of civil war, but the country must curb political instability and may have to raise interest rates again, the International Monetary Fund said on Friday.
Published 14 Mar, 2004 12:00am
Iraqi Council chief starts bilateral talks with Iran

Iraqi Council chief starts bilateral talks with Iran

The head of Iraq's interim Governing Council went to Iran Saturday for talks on bilateral co-operation over oil and control of the two countries' mutual border, Baghdad officials said.
Published 14 Mar, 2004 12:00am
Microsoft's Hotmail users shut out for hours

Microsoft's Hotmail users shut out for hours

The Hotmail online e-mail service, operated by Microsoft Corp, was down for most of the working day on Friday, affecting "a significant portion of MS customers."
Published 14 Mar, 2004 12:00am
South Korea urges state fund to stabilise market

South Korea urges state fund to stabilise market

South Korea's vice finance minister has urged the national pension fund to help stabilise the stock market after shares tumbled on the unprecedented impeachment of President Roh Moo-hyun, media reported on Saturday.
Published 14 Mar, 2004 12:00am
South Korea urges state fund to stabilise market

South Korea urges state fund to stabilise market

South Korea's vice finance minister has urged the national pension fund to help stabilise the stock market after shares tumbled on the unprecedented impeachment of President Roh Moo-hyun, media reported on Saturday.
Published 14 Mar, 2004 12:00am
EC objects to Oracle and PeopleSoft agreement

EC objects to Oracle and PeopleSoft agreement

Oracle Corp said on Friday it received a statement of objections from the European Commission related to its proposed $9.4 billion bid to aquire rival PeopleSoft Inc.
Published 14 Mar, 2004 12:00am
Attendance in offices remains thin

Attendance in offices remains thin

The attendance at various federal government office in Karachi city including the Post Offices was very low on Saturday while work at bank branches was also very sparse due to the engagement of almost all the staff in the commentary of the Pak-India ODI.
Published 14 Mar, 2004 12:00am
Inzamam's ton goes in vain as India snatch win

Inzamam's ton goes in vain as India snatch win

Pakistan captain Inzamam-ul-Haq struck a masterly 122 but was unable to prevent a thrilling five-run victory for India in the highest scoring match in one-day international history on Saturday.
Published 14 Mar, 2004 12:00am
Inzamam's ton goes in vain as India snatch win

Inzamam's ton goes in vain as India snatch win

Pakistan captain Inzamam-ul-Haq struck a masterly 122 but was unable to prevent a thrilling five-run victory for India in the highest scoring match in one-day international history on Saturday.
Published 14 Mar, 2004 12:00am
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