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Print - 2004-04-05
Lahore High Court benches for this week

Lahore High Court benches for this week

As many as nine division benches and 26 single benches will work at principal seat of the Lahore High Court (LHC) during the week commencing from Monday (April 5, 2004).
Published 05 Apr, 2004 12:00am
Prices depict mixed trend on commodity markets

Prices depict mixed trend on commodity markets

Tea and milk powder depicted low profile while other commodities fluctuated both ways on the wholesale markets during the week ended on April 3, 2004.
Published 05 Apr, 2004 12:00am
Legal notice served

Legal notice served

The convener of Machinery, Tools and Hardware Standing Committee of Lahore Chamber of Commerce and Industry's (LCCI), Sheikh Shafiq Riaz, has sent a legal notice to The Founders' chairman Pervez Hanif and Tahir Chaudhry of Liver Engineering Industries.
Published 05 Apr, 2004 12:00am
Two-way curbs drive cotton prices down

Two-way curbs drive cotton prices down

The cotton trading was denied the pace due to buyers/sellers attitude to see abrupt turn in their favour which never came their way.
Published 05 Apr, 2004 12:00am
Nazims accused of breaking PML-Q discipline

Nazims accused of breaking PML-Q discipline

Socio-political circles have appealed to the Punjab Chief Minister and President Pakistan Muslim League to take immediate steps for purging double-faced so-called Muslim League leaders, who are involved in breaking the party discipline.
Published 05 Apr, 2004 12:00am
Christians celebrate Palm Sunday

Christians celebrate Palm Sunday

The Christian community on Sunday celebrated the Palm Sunday which is an opening the Easter celebration.
Published 05 Apr, 2004 12:00am
Poverty to be eliminated on top priority basis

Poverty to be eliminated on top priority basis

Speaker National Assembly Chaudhry Amir Hussain has said that the present government is making strenuous efforts for banishing the poverty and backwardness from the neglected areas of the country on top priority basis.
Published 05 Apr, 2004 12:00am
Bhutto's 25th death anniversary observed

Bhutto's 25th death anniversary observed

The 25th death anniversary of Zulfikar Ali Bhutto was observed throughout the country and flower wreaths were laid at the grave of late Zulfikar Ali Bhutto in Garhi Khuda Bux.
Published 05 Apr, 2004 12:00am
ABN Amro to launch credit card

ABN Amro to launch credit card

Boe Pahari, Chief Executive officer, Emerging Growth Markets, ABN Amro, has confirmed that the bank would launch its credit card in the last quarter of 2004 and will increase the branch network in Pakistan.
Published 05 Apr, 2004 12:00am
ACE to have vigilance wing shortly

ACE to have vigilance wing shortly

Punjab Anti-Corruption Director Brigadier Aslam Ghumman (Retd) has said that a vigilance wing was being established in the Anti-Corruption Establishment (ACE) to purge this department of black sheep, and it would be made the Establishment in real shape, w
Published 05 Apr, 2004 12:00am
Longest debate in Parliament over president's address

Longest debate in Parliament over president's address

Speaker National Assembly Chaudhry Amir Hussain has said that as many as 150 members of the National Assembly have expressed their views on President Musharraf's address to the joint sitting of the Parliament.
Published 05 Apr, 2004 12:00am
BoP pledges loans to small traders

BoP pledges loans to small traders

Both the small industrialists and the traders are the first priority of the Bank of Punjab (BoP) in extending loans as recovery rate in this sector is higher.
Published 05 Apr, 2004 12:00am
National Assembly session on April 5

National Assembly session on April 5

The National Assembly will resume sitting here on Monday evening in the Parliament House Building here after an interval of two days.
Published 05 Apr, 2004 12:00am
MMA's protest movement from April 5

MMA's protest movement from April 5

A countrywide protest movement of Muttahida Majlis-i-Amal (MMA) against Wana operation, price hike, unemployment, corruption, and government's pro-US policies will begin on Monday from Sindh.
Published 05 Apr, 2004 12:00am
KESC refuses to provide load to new towel factory

KESC refuses to provide load to new towel factory

The Karachi Electric Supply Corporation (KESC) has refused to provide load to a new towel factory set up in Federal B. Area by a leading textile exporter in preparation for the quota-free regime commencing from January 2005.
Published 05 Apr, 2004 12:00am
War veteran passes away

War veteran passes away

Air Vice Marshal Abdul Masood Khan, 1965 war veteran, died in USA on Saturday.
Published 05 Apr, 2004 12:00am
Pida launches 'contact' drive

Pida launches 'contact' drive

The Punjab Irrigation and Drainage Authority (Pida) has launched a comprehensive 'contact campaign' aimed at improving relations and enhancing co-operation between farmers and the officials of irrigation and other relevant public departments.
Published 05 Apr, 2004 12:00am
Syrian team meets Prime Minister and Soomro

Syrian team meets Prime Minister and Soomro

A six-member Syrian delegation headed by Dr. Muhammad Al-Habash, Chairman of Syria-Pakistan Parliamentary Friendship Society Member called on Prime Minister Mir Zafarullah Khan Jamali at the Prime Minister's House on Sunday and discussed with him matters
Published 05 Apr, 2004 12:00am
'Parliament to complete term'

'Parliament to complete term'

Senator Muhammad Ali Durrani, Secretary General, Millat Party, addressing a press conference here on Sunday said that after approval of the National Security Council (NSC), affects of 58(2)B would evanesce.
Published 05 Apr, 2004 12:00am
Availability of spurious pesticides common in Sindh

Availability of spurious pesticides common in Sindh

Marketing of sub-standard and spurious pesticides is a common phenomenon in Sindh, which could be judged by the fact that during the last three months 242 pesticides' samples were collected from all over the province and after laboratory analysis 24 of th
Published 05 Apr, 2004 12:00am
Chinese defence team arrives

Chinese defence team arrives

A 15-member Chinese defence delegation, led by Vice Minister of Commission of Science Technology and Industry for National Defence, Zhang Weimin, arrived here on Sunday on a five-day official visit to Pakistan.
Published 05 Apr, 2004 12:00am
UAE freezes assets of firm linked to Pakistani nuclear leak

UAE freezes assets of firm linked to Pakistani nuclear leak

The UAE central bank said on Sunday that it has frozen the assets of a company linked to a Sri Lankan named by Western intelligence agencies as a middleman in the sale of Pakistani nuclear secrets and parts to Libya, Iran and North Korea.
Published 05 Apr, 2004 12:00am
UAE freezes assets of firm linked to Pakistani nuclear leak

UAE freezes assets of firm linked to Pakistani nuclear leak

The UAE central bank said on Sunday that it has frozen the assets of a company linked to a Sri Lankan named by Western intelligence agencies as a middleman in the sale of Pakistani nuclear secrets and parts to Libya, Iran and North Korea.
Published 05 Apr, 2004 12:00am
PTCL privatisation mode to be decided in three months

PTCL privatisation mode to be decided in three months

Federal Minister for Information Technology and Telecommunication Owais Ahmed Khan Leghari has said that it is yet to be decided whether PTCL would be sold out in the shape of a company or would be privatised in parts.
Published 05 Apr, 2004 12:00am
PTCL privatisation mode to be decided in three months

PTCL privatisation mode to be decided in three months

Federal Minister for Information Technology and Telecommunication Owais Ahmed Khan Leghari has said that it is yet to be decided whether PTCL would be sold out in the shape of a company or would be privatised in parts.
Published 05 Apr, 2004 12:00am
Big Lebanese banks seek mergers

Big Lebanese banks seek mergers

The largest merger in Lebanon's banking history could trigger consolidation among the country's big players eyeing the entire Middle East, where they are dwarfed by rivals, analysts say.
Published 05 Apr, 2004 12:00am
Algerian minister says oil prices to fall further

Algerian minister says oil prices to fall further

Algerian Energy and Mines Minister Chakib Khelil said on Sunday oil prices will fall further even after Opec decided last week to go ahead with an output cut of one million barrels per day.
Published 05 Apr, 2004 12:00am
Algerian minister says oil prices to fall further

Algerian minister says oil prices to fall further

Algerian Energy and Mines Minister Chakib Khelil said on Sunday oil prices will fall further even after Opec decided last week to go ahead with an output cut of one million barrels per day.
Published 05 Apr, 2004 12:00am
New Malta President sworn in

New Malta President sworn in

Former Prime Minister Eddie Fenech Adami was sworn in as Malta's President on Sunday, succeeding Guido de Marco to the mostly ceremonial role.
Published 05 Apr, 2004 12:00am
Mubarak tries to break deadlock on Arab summit

Mubarak tries to break deadlock on Arab summit

Egyptian President Hosni Mubarak offered Sunday to meet fellow Arab leaders anywhere, "even on the moon," in order to settle on a venue that has eluded them since their summit collapsed in Tunis last week.
Published 05 Apr, 2004 12:00am
White House to vet September 11 report before release

White House to vet September 11 report before release

The White House will vet "line by line" the report of an independent commission investigating the September 11, 2001, attacks before it is publicly released, the commission chairman said on Sunday.
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
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
'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
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
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
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
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
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
'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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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