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Print - 2004-04-05
Allotment of farm lands begins

Allotment of farm lands begins

The allotment process of agriculture lands under the Chief Minister's scheme has started in tehsil Keror Lal Esan.
Published 05 Apr, 2004 12:00am
Cotton crisis further deepens for ginners

Cotton crisis further deepens for ginners

The latest cotton figures released by Pakistan Cotton Ginners' Association (PCGA) have confirmed total arrivals of 2003-04 cotton crop to exceed last year's figures, as up to April 1, 2004, total seed-cotton equivalent of 9.760 million bales had been rece
Published 05 Apr, 2004 12:00am
Cotton crisis further deepens for ginners

Cotton crisis further deepens for ginners

The latest cotton figures released by Pakistan Cotton Ginners' Association (PCGA) have confirmed total arrivals of 2003-04 cotton crop to exceed last year's figures, as up to April 1, 2004, total seed-cotton equivalent of 9.760 million bales had been rece
Published 05 Apr, 2004 12:00am
Pakistan bags trophy in weightlifting

Pakistan bags trophy in weightlifting

Pakistan lifted the trophy by winning five out of eight gold medals and three silver medals in weightlifting competition of 9th SAF Games here on Sunday.
Published 05 Apr, 2004 12:00am
Indian shuttlers dominate

Indian shuttlers dominate

India on Sunday swept badminton semi-finals of the SAF Games, thrashing Pakistan and Sri Lanka in all categories here at Rodham Hall, Pakistan Sports Complex.
Published 05 Apr, 2004 12:00am
Pakistan set up explosive football clash with India

Pakistan set up explosive football clash with India

Pakistan knocked out Sri Lanka by a whisker on Saturday night to set up a potentially explosive clash against India in Monday's final of the SAF Games Football Tournament.
Published 05 Apr, 2004 12:00am
Indian female shooters win two gold

Indian female shooters win two gold

Indian women shooters on Sunday won two golds in 50 meter Sports Rifle Prone 60-shots individual and team events in the shooting competitions of 9th SAF Games here at the Shooting Range of Pakistan Sports Complex.
Published 05 Apr, 2004 12:00am
India hopes green-top will hit on Pakistan

India hopes green-top will hit on Pakistan

Seeking to avenge the humiliating defeat at Multan, Pakistan has prepared a livelier wicket for the second Test beginning in Lahore on Monday in the hope that it will help the battery of their speedsters but the Indian side is planning to give the hosts a
Published 05 Apr, 2004 12:00am
India more balanced side for Test on April 5

India more balanced side for Test on April 5

If fashioning individual proficiency into a collective lethal force to annihilate opposition is something to be admired and talked about then India goes into the second Test on Monday (today) at Lahore in the warm sunshine of Qadhafi Stadium with their mo
Published 05 Apr, 2004 12:00am
Bowl straight, not fast, Akram tells Pakistani quickies

Bowl straight, not fast, Akram tells Pakistani quickies

Pakistan's pace bowling battery, led by Shoaib Akhtar, can demolish India in Monday's second Test here if they control their speed and bowl straight, according to the legendary Wasim Akram.
Published 05 Apr, 2004 12:00am
Rival captains term wicket sporting

Rival captains term wicket sporting

Lahore is abuzz with talk of a green top wicket prepared for the second Test between Pakistan and India being played here on Monday at Gaddafi Stadium and even both the rival captains and team officials have termed it bouncy and fast.
Published 05 Apr, 2004 12:00am
Defeat everyone's responsibility: Wasim Bari

Defeat everyone's responsibility: Wasim Bari

Chairman Pakistan Cricket Selection Committee, Wasim Bari said it is not fair to put the responsibility of a defeat on the team and its management and even selectors are also responsible.
Published 05 Apr, 2004 12:00am
Land bank - an excellent proposal

Land bank - an excellent proposal

When the government announced a substantial reduction in bank interest rates two years ago, it was hoped that the move would help prospective homeowners and land developers to borrow money on easy terms to build new houses, giving a big boost to the const
Published 05 Apr, 2004 12:00am
The milk crisis

The milk crisis

It is, indeed, distressing to learn that the unresolved controversy over milk prices in Karachi has eventually caused consternation among the dairy farmers.
Published 05 Apr, 2004 12:00am
Iraq's Shia leaders mix politics with piety

Iraq's Shia leaders mix politics with piety

With a few terse edicts issued from his office in the holy city of Najaf, Shia cleric Ayatollah Ali Al-Sistani has repeatedly forced the United States to change its plans for Iraq.
Published 05 Apr, 2004 12:00am
EU enlargement a boon for east German firms

EU enlargement a boon for east German firms

At a bustling paint plant among the empty former communist factories on the outskirts of Dresden, one entrepreneur is looking forward to reaping the benefits of Europe's enlargement.
Published 05 Apr, 2004 12:00am
Toothless non-Nato ties

Toothless non-Nato ties

During his recent visit to Pakistan, the American Secretary of State Colin Powell mentioned that Pakistan will be offered the status of a non-Nato ally after approval by the U S Congress.
Published 05 Apr, 2004 12:00am
Smoking on flights

Smoking on flights

Through these columns of your esteemed daily, I want to invite the attention of the PIA authorities towards allowing smoking at some specific international routes.
Published 05 Apr, 2004 12:00am
Science of small things

Science of small things

"Nanotechnology," biochemistry Professor Michael Sailor said at a gathering of chemists in New York. "That's the irrational belief that something we are doing will be useful someday."
Published 05 Apr, 2004 12:00am
Dallas Fed bank president pens poetry in spare time

Dallas Fed bank president pens poetry in spare time

Global investors bet billions of dollars on the carefully crafted statements of the US Federal Reserve. So what exactly is Dallas Fed Bank President Robert McTeer doing writing limericks about the economy?
Published 05 Apr, 2004 12:00am
Special tariff rates sought for intra-Saarc trade

Special tariff rates sought for intra-Saarc trade

Pakistan Tea Association (PTA) has demanded that there should be special rates of tariff among Saarc member countries, similar to Comesa (an East African organisation) as this would help in imports from Saarc countries with whom Pakistan enjoys favourable
Published 05 Apr, 2004 12:00am
Advisory body on pesticides meeting on April 5

Advisory body on pesticides meeting on April 5

The Expert Advisory Committee on Pesticides, constituted by the federal Ministry of Commerce & Industry, is scheduled to meet on Monday in Islamabad to discuss budget proposals and ways and means for development of pesticide industry.
Published 05 Apr, 2004 12:00am
China agrees on Hong Kong law interpretation

China agrees on Hong Kong law interpretation

Chinese parliamentarians agreed on Sunday on a draft interpretation of electoral reforms laid down in Hong Kong's mini-constitution as the territory's pro-democracy camp was warned against rocking the boat.
Published 05 Apr, 2004 12:00am
Kofi Annan arrives in Russia

Kofi Annan arrives in Russia

UN Secretary General Kofi Annan arrived in Russia Sunday for a three-day visit focusing on the war in Iraq and unrest in Kosovo, amid efforts by Moscow to raise the United Nations' profile in resolving both conflicts.
Published 05 Apr, 2004 12:00am
Kumaratunga's party wins elections but no majority

Kumaratunga's party wins elections but no majority

Sri Lanka was left with a hung parliament on Sunday that may delay a resumption of peace talks with Tamil rebels after President Chandrika Kumaratunga's party won an election but fell short of an absolute majority.
Published 05 Apr, 2004 12:00am
Chen rules out polls inquiry as protest turns violent

Chen rules out polls inquiry as protest turns violent

Around 15 people were injured and around 120 arrested here early Sunday as riot police clashed with hundreds of demonstrators protesting results of Taiwan's presidential elections.
Published 05 Apr, 2004 12:00am
Israel on high alert as Palestinian shot dead

Israel on high alert as Palestinian shot dead

Israeli security forces were placed on high alert on Sunday ahead of the Passover holiday as troops shot dead a Palestinian and wounded seven others in the northern West Bank.
Published 05 Apr, 2004 12:00am
September 11 commission looks forward to Rice testimony

September 11 commission looks forward to Rice testimony

Members of the commission investigating the September 11 attacks said Sunday they were looking forward to US national security advisor Condoleezza Rice's upcoming public testimony as they criticised US authorities' handling of threats to the United States
Published 05 Apr, 2004 12:00am
Suspected Madrid bombing mastermind killed in raid

Suspected Madrid bombing mastermind killed in raid

The alleged mastermind of last month's train bombings in Madrid was among four terror suspects who blew themselves up during a police stakeout in a suburb of the Spanish capital, officials said Sunday.
Published 05 Apr, 2004 12:00am
Russia hopes to sign new co-operation deal with Nato

Russia hopes to sign new co-operation deal with Nato

Moscow hopes this year to strike an unprecedented deal with Nato, which would allow Cold War foes to deploy combat units on each other's territories, Itar-Tass news agency quoted Russia's defence chief as saying on Sunday.
Published 05 Apr, 2004 12:00am
France discovers suspected ETA weapons factory

France discovers suspected ETA weapons factory

French police said on Sunday they had discovered a major arms factory in south-western France, believed to belong to armed Spanish Basque separatist movement ETA, and arrested two men.
Published 05 Apr, 2004 12:00am
No hidden nuclear sites from UN: Tehran

No hidden nuclear sites from UN: Tehran

Iran, under renewed pressure to prove it is not seeking an atomic bomb, said on Sunday it had no clandestine nuclear sites hidden from UN inspectors.
Published 05 Apr, 2004 12:00am
ECB monetary policy stance flexible: Constancio

ECB monetary policy stance flexible: Constancio

The European Central Bank is flexible over where interest rates are headed next and does not want to be restricted by rigid word formulas, an ECB governor said on Saturday.
Published 05 Apr, 2004 12:00am
Serbia hopes for IMF agreement by May

Serbia hopes for IMF agreement by May

Serbia hopes to reach agreement with the International Monetary Fund (IMF) over its budget deficit by May, Branko Lukovac, the minister for international economic relations for Serbia and Montenegro said on Sunday.
Published 05 Apr, 2004 12:00am
Jobs boom ignites US rate rise speculation

Jobs boom ignites US rate rise speculation

An American jobs boom has ignited speculation that key interest rates - once thought to be frozen at a 46-year low until 2005 - may rise within months.
Published 05 Apr, 2004 12:00am
Japan, South Korea and China to develop 4G mobile technology

Japan, South Korea and China to develop 4G mobile technology

Japan, China and South Korea have agreed to jointly develop communications and other technologies for fourth-generation (4G) mobile phones, Japanese business daily Nihon Keizai Shimbun (Nikkei) reported on Sunday.
Published 05 Apr, 2004 12:00am
High oil prices to dampen not derail world economy

High oil prices to dampen not derail world economy

Surging oil prices still pack a punch for the world economy but estimates of their impact on either inflation or growth are unlikely to faze Western economic policymakers yet.
Published 05 Apr, 2004 12:00am
Cyprus targets eurozone in 2007

Cyprus targets eurozone in 2007

Cyprus aims to meet EU economic convergence criteria in 2007 but a widening public deficit is hampering efforts to meet the target date for eurozone membership.
Published 05 Apr, 2004 12:00am
Sri Lanka faces economic shift with new government

Sri Lanka faces economic shift with new government

Sri Lanka was likely to shift its economic focus after the election of a new, more left-leaning government at the weekend that could alter the island's two-year programme of privatising state assets and courting investment.
Published 05 Apr, 2004 12:00am
Australian growth seen boosted by A$ strength

Australian growth seen boosted by A$ strength

The surging Australian dollar has lifted the growth outlook for the nation's economy in 2004, but the gains could dampen economic prospects for 2005, private forecaster Access Economics said on Monday.
Published 05 Apr, 2004 12:00am
Chinese demand for steel weighs on global industry

Chinese demand for steel weighs on global industry

Industries world-wide that need steel are alarmed by a sudden shortage sparked by surging Chinese demand for all kinds of the increasingly precious metal and raw materials used to produce it.
Published 05 Apr, 2004 12:00am
Eurostocks: new US results season eyed

Eurostocks: new US results season eyed

European investors will be looking to the United States this week for fresh guidance on the economy as heavyweights Alcoa, Yahoo! and General Electric kick off a new earnings season.
Published 05 Apr, 2004 12:00am
Canadian stock market likely to rally this week

Canadian stock market likely to rally this week

Toronto stocks are likely to rally this week on Friday's spectacular US jobs data but it may not be long before the flip side of the strong figures sinks into investors' minds - the possibility of higher US interest rates.
Published 05 Apr, 2004 12:00am
FTSE-100 index to hinge on rates, economic data

FTSE-100 index to hinge on rates, economic data

A decision on UK interest rates and economic data from both sides of the Atlantic are likely to drive British share market activity in the run-up to Easter this week.
Published 05 Apr, 2004 12:00am
UK fund manager New Star to float this year

UK fund manager New Star to float this year

British fund manager New Star Asset Management will float in the third quarter of this year with a market value of about 400 million pounds ($739 million), the Sunday Times reported.
Published 05 Apr, 2004 12:00am
UK fund manager New Star to float this year

UK fund manager New Star to float this year

British fund manager New Star Asset Management will float in the third quarter of this year with a market value of about 400 million pounds ($739 million), the Sunday Times reported.
Published 05 Apr, 2004 12:00am
US stock investors turn eyes to earning reports

US stock investors turn eyes to earning reports

Wall Street will get its first real taste of first-quarter earnings this week in the hope that they will show corporate America remains on the road to recovery.
Published 05 Apr, 2004 12:00am
Indian shares seen firm on earnings optimism

Indian shares seen firm on earnings optimism

Indian shares are seen rising for the third straight week as traders buy metal, automobile and cement stocks, betting on strong quarterly earnings in one of the world's fastest growing economies, brokers said.
Published 05 Apr, 2004 12:00am
Marks & Spencer's trading stalls

Marks & Spencer's trading stalls

Britain's biggest clothing retailer Marks & Spencer Group Plc will say that growth has stalled when it reports fourth quarter sales later this month, the Sunday Telegraph reported.
Published 05 Apr, 2004 12:00am
Tokyo stocks seen rising after strong US jobs data

Tokyo stocks seen rising after strong US jobs data

Japanese stocks may rise above the 12,000 mark this week as investors buy shares in exporters and technology companies after surprisingly strong US jobs data buoyed Wall Street and boosted the dollar against the yen.
Published 05 Apr, 2004 12:00am
Taiwan stocks seen range-bound as poll row drags

Taiwan stocks seen range-bound as poll row drags

Taiwan stocks are seen range-bound this week, caught between caution over ongoing post-election political disputes and support from Friday's Wall Street gains.
Published 05 Apr, 2004 12:00am
Strong data seen depressing Indian bonds

Strong data seen depressing Indian bonds

Indian bonds are likely to lose ground after a robust performance last week as investors digest a flood of strong domestic and global economic data, which have sparked concerns about interest rate trends.
Published 05 Apr, 2004 12:00am
Strong data seen depressing Indian bonds

Strong data seen depressing Indian bonds

Indian bonds are likely to lose ground after a robust performance last week as investors digest a flood of strong domestic and global economic data, which have sparked concerns about interest rate trends.
Published 05 Apr, 2004 12:00am
Steel firms help Cairo bourse to four-year high

Steel firms help Cairo bourse to four-year high

Egyptian steel companies and some other stocks expected to benefit from an improvement in Egypt's real estate sector helped lead the stock market to a more than four-year closing high on Sunday.
Published 05 Apr, 2004 12:00am
Egypt interbank rate unchanged

Egypt interbank rate unchanged

The median overnight rate on Egypt's pound was unchanged at 8-1/8 percent on Sunday, the same level as the previous two sessions, as banks awaited results of the latest central bank deposit auction, traders said.
Published 05 Apr, 2004 12:00am
Your rupee last Month

Your rupee last Month

Following currency fluctuations took place in foreign exchange rates during the last Month.
Published 05 Apr, 2004 12:00am
The Weather

The Weather

The weather report on Sunday (April 04) and the forecast of Monday (April 05, 2004).
Published 05 Apr, 2004 12:00am
Badla values touch seven-month high

Badla values touch seven-month high

The continuous price appreciation in share market helped the badla rates to enter the double-digit zone where values changed hands and crossed the coveted mark of Rs 25 billion, touching almost seven-month high level.
Published 05 Apr, 2004 12:00am
Badla values touch seven-month high

Badla values touch seven-month high

The continuous price appreciation in share market helped the badla rates to enter the double-digit zone where values changed hands and crossed the coveted mark of Rs 25 billion, touching almost seven-month high level.
Published 05 Apr, 2004 12:00am
30 killed in Iraq clashes

30 killed in Iraq clashes

At least 28 people were killed, including four Salvadoran soldiers, and 200 people wounded on Sunday as backers of a Shia leader clashed with troops of the US-led coalition in Iraq.
Published 05 Apr, 2004 12:00am
30 killed in Iraq clashes

30 killed in Iraq clashes

At least 28 people were killed, including four Salvadoran soldiers, and 200 people wounded on Sunday as backers of a Shia leader clashed with troops of the US-led coalition in Iraq.
Published 05 Apr, 2004 12:00am
Gunmen storm police station, kill 5 cops

Gunmen storm police station, kill 5 cops

Five policemen were killed and another injured when unidentified armed persons stormed a police station in Gulistan-e-Jauhar and opened indiscriminate fire. The incident took place at around 4:30am on Sunday, police sources said.
Published 05 Apr, 2004 12:00am
Gunmen storm police station, kill 5 cops

Gunmen storm police station, kill 5 cops

Five policemen were killed and another injured when unidentified armed persons stormed a police station in Gulistan-e-Jauhar and opened indiscriminate fire. The incident took place at around 4:30am on Sunday, police sources said.
Published 05 Apr, 2004 12:00am
Sassui Bridge inaugurated

Sassui Bridge inaugurated

Federal Minister for Communications Senator Babar Khan Ghauri on Sunday inaugurated a flyover at Ghaghar Phattak railway crossing on National Highway (N-5) in Thatta district.
Published 05 Apr, 2004 12:00am
IKEA founder world's richest man

IKEA founder world's richest man

Ingvar Kamprad, the Swede who founded furniture retail chain IKEA, has overtaken Microsoft's Bill Gates as the world's richest man, Swedish TV news reported on Sunday.
Published 05 Apr, 2004 12:00am
'Jihadi outfits behind police station attack'

'Jihadi outfits behind police station attack'

Convener of Muttahida Qaumi Movement Dr Imran Farooq, strongly condemning the armed attack on Gulistan-e-Jauhar police station and the tragic loss of five cops, has termed it an open act of terrorism.
Published 05 Apr, 2004 12:00am
THE RUPEE: gaining spree on money market

THE RUPEE: gaining spree on money market

The completion of third quarter payments of the current fiscal helped the rupee recover its value versus the dollar in the currency market last week.
Published 05 Apr, 2004 12:00am
THE RUPEE: gaining spree on money market

THE RUPEE: gaining spree on money market

The completion of third quarter payments of the current fiscal helped the rupee recover its value versus the dollar in the currency market last week.
Published 05 Apr, 2004 12:00am
Mutual funds to boost stock market to new highs

Mutual funds to boost stock market to new highs

The stock market in the last quarter of the current fiscal year would witness a fresh liquidity of as much as Rs 10 billion in the shape of mutual funds to be floated by financial institutions, banks and leading brokerage houses of the country.
Published 05 Apr, 2004 12:00am
Mutual funds to boost stock market to new highs

Mutual funds to boost stock market to new highs

The stock market in the last quarter of the current fiscal year would witness a fresh liquidity of as much as Rs 10 billion in the shape of mutual funds to be floated by financial institutions, banks and leading brokerage houses of the country.
Published 05 Apr, 2004 12:00am
Mutual funds to boost stock market to new highs

Mutual funds to boost stock market to new highs

The stock market in the last quarter of the current fiscal year would witness a fresh liquidity of as much as Rs 10 billion in the shape of mutual funds to be floated by financial institutions, banks and leading brokerage houses of the country.
Published 05 Apr, 2004 12:00am
Share prices enter consolidation phase

Share prices enter consolidation phase

The stock market during the week closed on a positive note where trading and investment stocks consolidated their positions, especially in fuel, gas, energy, banking and cement sectors, with index closing on a historic high level.
Published 05 Apr, 2004 12:00am
Share prices enter consolidation phase

Share prices enter consolidation phase

The stock market during the week closed on a positive note where trading and investment stocks consolidated their positions, especially in fuel, gas, energy, banking and cement sectors, with index closing on a historic high level.
Published 05 Apr, 2004 12:00am
Small investors earn over Rs 10 billion through state-run IPOs

Small investors earn over Rs 10 billion through state-run IPOs

The banks, mutual funds, financial institutions and others including small investors would have earned over Rs 10 billion in the shape of capital gains after investing in National Bank of Pakistan, Oil and Gas Development Co, and additional shares of Sui
Published 05 Apr, 2004 12:00am
Small investors earn over Rs 10 billion through state-run IPOs

Small investors earn over Rs 10 billion through state-run IPOs

The banks, mutual funds, financial institutions and others including small investors would have earned over Rs 10 billion in the shape of capital gains after investing in National Bank of Pakistan, Oil and Gas Development Co, and additional shares of Sui
Published 05 Apr, 2004 12:00am
OGDC movement to effect 19-point change

OGDC movement to effect 19-point change

The Oil and Gas Development Company has become a trend-setter of the market following its inclusion in the KSE-100 index of the Karachi Stock Exchange and rupee movement would be expected to result in 19 points change.
Published 05 Apr, 2004 12:00am
OGDC movement to effect 19-point change

OGDC movement to effect 19-point change

The Oil and Gas Development Company has become a trend-setter of the market following its inclusion in the KSE-100 index of the Karachi Stock Exchange and rupee movement would be expected to result in 19 points change.
Published 05 Apr, 2004 12:00am
OGDC movement to effect 19-point change

OGDC movement to effect 19-point change

The Oil and Gas Development Company has become a trend-setter of the market following its inclusion in the KSE-100 index of the Karachi Stock Exchange and rupee movement would be expected to result in 19 points change.
Published 05 Apr, 2004 12:00am
'We are nuclear power and will remain so'

'We are nuclear power and will remain so'

"We are nuclear power, will remain so, and further develop our assets in this regard," said Foreign Minister Khurshid Mahmud Kasuri at a meet-the-press at State Guest House here on Sunday, dispelling doubts on roll-back of country's nuclear assets.
Published 05 Apr, 2004 12:00am
Jirga calls for immediate halt to Wana operation

Jirga calls for immediate halt to Wana operation

The Grand Islamic Tribal Jirga on Sunday called for immediate halt of military operation in tribal areas and demanded of the federal government to tender apology for the insult inflicted on the tribesmen in the name of the operation against foreign milita
Published 05 Apr, 2004 12:00am
Jirga calls for immediate halt to Wana operation

Jirga calls for immediate halt to Wana operation

The Grand Islamic Tribal Jirga on Sunday called for immediate halt of military operation in tribal areas and demanded of the federal government to tender apology for the insult inflicted on the tribesmen in the name of the operation against foreign milita
Published 05 Apr, 2004 12:00am
Shell to transfer Bangladesh operations to Cairn

Shell to transfer Bangladesh operations to Cairn

The Royal Dutch/Shell Group said on Sunday it would transfer its operations and sell its upstream assets in Bangladesh to joint venture partner British oil and gas firm Cairn Energy PLC.
Published 05 Apr, 2004 12:00am