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Print - 2004-05-06
Japan considers Afghanistan troop dispatch

Japan considers Afghanistan troop dispatch

Japan, which has some 550 troops in Iraq to help rebuild the war-torn nation, is considering sending troops to Afghanistan to take part in a similar mission, a leading daily said on Wednesday.
Published 06 May, 2004 12:00am
Nigerian Muslim leader says 300 killed in 'genocide'

Nigerian Muslim leader says 300 killed in 'genocide'

Nigeria's top Muslim leader said on Wednesday that 300 people, mostly Muslims, were killed in Sunday's attacks by Christian militia in the town of Yelwa in the central Plateau state.
Published 06 May, 2004 12:00am
Street slang proves big hit with Iran book lovers

Street slang proves big hit with Iran book lovers

Persian is famed as the melodic, courtly language of mediaeval poets such as Omar Khayyam and Hafez, but it is a dictionary of vulgar street slang that is taking Iranian literary circles by storm.
Published 06 May, 2004 12:00am
Australia committed to peacekeeping in East Timor

Australia committed to peacekeeping in East Timor

Australian peacekeeping troops will remain in East Timor if the United Nations extends its mission in the world's newest country for another year as expected, the government said on Wednesday.
Published 06 May, 2004 12:00am
Disney blocks distribution of anti-Bush documentary

Disney blocks distribution of anti-Bush documentary

Walt Disney Co has barred its Miramax film studio from distributing a documentary by director Michael Moore that is critical of President George W. Bush, Moore said on Wednesday.
Published 06 May, 2004 12:00am
Bomb blasts in Athens, government blames locals

Bomb blasts in Athens, government blames locals

Three home-made bombs exploded outside an Athens police station early Wednesday causing no injuries, but renewing fears about security in the Greek capital just 100 days before it hosts the 2004 Olympic Games.
Published 06 May, 2004 12:00am
Australia boosts spy funds

Australia boosts spy funds

Australia's spy agencies received a multimillion dollar boost on Wednesday with Prime Minister John Howard saying intelligence gathering is the most effective weapon in "the fight of our lives" against terror.
Published 06 May, 2004 12:00am
Rice apologises for Iraqi prisoner abuse

Rice apologises for Iraqi prisoner abuse

President George W. Bush's national security adviser, Condoleezza Rice, has apologised for the US abuse of Iraqi prisoners as the White House scrambled to stem growing Arab outrage.
Published 06 May, 2004 12:00am
Suharto's former party wins Indonesian polls

Suharto's former party wins Indonesian polls

The party of Indonesian President Megawati Sukarnoputri lost major ground in parliamentary polls, reflecting unpopularity that threatens her chances of re-election in July, official tallies showed on Wednesday.
Published 06 May, 2004 12:00am
Iran committed to making nuclear fuel cycle

Iran committed to making nuclear fuel cycle

Iran will continue efforts to develop a full nuclear fuel cycle, despite US pressure on Tehran to abandon a programme it fears may be used to make atomic bombs, a senior Iranian official said on Wednesday.
Published 06 May, 2004 12:00am
No quick resumption of Sri Lankan talks: peace envoy

No quick resumption of Sri Lankan talks: peace envoy

Sri Lanka's government and Tamil Tiger rebels are eager to resume stalled peace talks but face-to-face negotiations are unlikely to take place soon and will be difficult, a Norwegian peace envoy said.
Published 06 May, 2004 12:00am
Vajpayee predicts victory in election

Vajpayee predicts victory in election

Indian Prime Minister Atal Behari Vajpayee on Wednesday predicted victory for his Hindu nationalist-led coalition as up to 59 million people voted in the penultimate leg of marathon elections.
Published 06 May, 2004 12:00am
Bush vows to punish 'abhorrent' abuses of Iraqis

Bush vows to punish 'abhorrent' abuses of Iraqis

President George W. Bush vowed Wednesday to punish any US troops behind the "abhorrent" abuse of Iraqi prisoners but did not apologise for the assaults, which have drawn a global outcry and eroded US credibility in the Muslim world.
Published 06 May, 2004 12:00am
Russia wants UN to check torture reports

Russia wants UN to check torture reports

The United Nations should investigate the allegations of torture against US and British forces in Iraq, a top Russian diplomat was quoted as saying on Wednesday.
Published 06 May, 2004 12:00am
Abuse of Iraqi prisoners unacceptable: France

Abuse of Iraqi prisoners unacceptable: France

France said on Wednesday the reported abuse of Iraqi prisoners by US forces was "totally unacceptable" and if confirmed would clearly violate international conventions.
Published 06 May, 2004 12:00am
Two Britons, interpreter killed in Afghanistan

Two Britons, interpreter killed in Afghanistan

Two Britons helping with upcoming Afghan elections and their interpreter were killed by unidentified attackers in north-eastern Afghanistan, a government official and Western diplomat told AFP Wednesday.
Published 06 May, 2004 12:00am
Israeli jets bomb south Lebanon

Israeli jets bomb south Lebanon

Israeli warplanes bombed southern Lebanon on Wednesday in what the Jewish state called a retaliation against Hizbollah targets for a strike on a collective farm.
Published 06 May, 2004 12:00am
Israel kills top Hamas man, frees another

Israel kills top Hamas man, frees another

Israel released a cofounder of Hamas to the Gaza Strip but shot and killed another leader of the group in the West Bank on Wednesday, witnesses and a military source said.
Published 06 May, 2004 12:00am
PPO allowed 4-week time in Kutchery post office fraud case

PPO allowed 4-week time in Kutchery post office fraud case

A division bench of High Court of Sindh (SHC) comprising Justice Shabbir Ahmed and Justice Khilji Arif Hussain on Wednesday allowed four weeks time to Pakistan Post Office in Kutchery post office fraud case.
Published 06 May, 2004 12:00am
Gang-rape victim strangulated to death

Gang-rape victim strangulated to death

Police failed to arrest the alleged rapists-cum-killers in spite of elapsing 24 hours. However, Vehari District Police Officer Syed Mujahid Ali Shah assured that culprits would soon be arrested.
Published 06 May, 2004 12:00am
Rs 90 million being spent on livestock output

Rs 90 million being spent on livestock output

Provincial parliamentary secretary for livestock Mian Khalid Mehmood has said an amount of Rs 90 million is being spent on livestock production programme while another amount of Rs 80 million has been allocated for education and training in this sector.
Published 06 May, 2004 12:00am
PPCB extends credit facility to farmers

PPCB extends credit facility to farmers

The management of the Punjab Provincial Co-operative Bank (PPCB) Attock has extended the credit facility to the growers for purchase of fertiliser and seeds for cultivation of their forthcoming Kharif corp.
Published 06 May, 2004 12:00am
CIRC makes 158 sick units operational

CIRC makes 158 sick units operational

Corporate Industrial Restructuring Corporation (CIRC) has made 158 sick industrial units operational throughout the country during the last couple of years, said Punjab Minister for Industry, Trade and Investment, Ajmal Cheema on Wednesday.
Published 06 May, 2004 12:00am
Roads blocked against power outage in Hyderabad

Roads blocked against power outage in Hyderabad

Hundreds of residents of various localities came out on roads on Wednesday and blocked them by staging Dharna (sit-in) against the continued power breakdown which has now become order of the day.
Published 06 May, 2004 12:00am
Foolproof enforcement of law to protect seafood stressed

Foolproof enforcement of law to protect seafood stressed

Chief Secretary Sindh Dr Mutawakkil Kazi on Wednesday advised the Fisheries and Livestock Department, Government of Sindh to ensure foolproof enforcement of law to protect "Sea Food" in territories of Sindh oceanic waters as it is the national wealth, whi
Published 06 May, 2004 12:00am
160 Kashmiris martyred in April

160 Kashmiris martyred in April

The Indian troops, in their continued state terrorism, arrested 504 and martyred 160 Kashmiris, 18 of them in custody, in the month of April.
Published 06 May, 2004 12:00am
Who is Shaheed?

Who is Shaheed?

In the wake of army operations in Wana a debate has crept up in the press as to who is the Shaheed, the Jihadis or the army men killed in the operations?
Published 06 May, 2004 12:00am
Security around US consulate

Security around US consulate

I would like to bring to the notice of all the authorities concerned, the acute hardship and inconvenience being caused to the public in Karachi on account of the stringent security measures introduced on Abdullah Haroon Road, between Hoshang Road and Hot
Published 06 May, 2004 12:00am
China eyes West as education revolution takes hold

China eyes West as education revolution takes hold

China's robust economic revival combined with a desire for improved standards of living has triggered a quiet revolution in its education system as a boom of foreign schools and programs gathers pace.
Published 06 May, 2004 12:00am
The two Cs of Sales Tax Act

The two Cs of Sales Tax Act

The Sales Tax Act, 1990 seems to be a prescription of a doctor (Central Board of Revenue) whereby around 90% sections of the first six chapters contains the word "as may be prescribed" while around 70% section in the whole ordinance contains similar wordi
Published 06 May, 2004 12:00am
The terrorist attack in Gwadar

The terrorist attack in Gwadar

Monday's car bomb attack at Gwadar that resulted in the death of three Chinese engineers, their Pakistani driver and a police security guard, also causing injuries to nine others, is nearly as bewildering as it is appalling.
Published 06 May, 2004 12:00am
EU expansion

EU expansion

As the European Union celebrated its historic expansion last Saturday, having swelled from 15 members to a 25-member bloc with a 450 million common market, a single currency (used by 12 of the previous 15 members) and a new constitution in the making, the
Published 06 May, 2004 12:00am
Rs 1500 prize bond draw on May 15

Rs 1500 prize bond draw on May 15

The 18th draw of Rs 1,500 denomination prize bonds will be held on May 15 at Gulshan-e-Halar Memon Hall, Bunder Road, Sukkur.
Published 06 May, 2004 12:00am
Gilani and Shah under house arrest

Gilani and Shah under house arrest

In occupied Kashmir, the Chairman of All Parties Hurriyat Conference, Syed Ali Gilani and Democratic Freedom Party chief Shabbir Ahmad Shah, have been put under house arrest.
Published 06 May, 2004 12:00am
Magisterial powers to ROs for by-polls

Magisterial powers to ROs for by-polls

Chief Election Commissioner, Chief Justice Irshad Hassan Khan (Retd) has authorised the magisterial powers to District Returning Officers, Returning Officers and Assistant Returning Officers for by-elections in five National Assembly and two Sindh Assembl
Published 06 May, 2004 12:00am
Probe into marketing of pesticides an exercise in futility

Probe into marketing of pesticides an exercise in futility

A two-member committee inquiry report on large-scale marketing of spurious and substandard pesticides and fertiliser in Hyderabad, Badin, Thatta, Sanghar, Mirpurkhas districts with the connivance of officials of Agriculture Department and Police may prove
Published 06 May, 2004 12:00am
ZTBL earns Rs 1 billion net profit in 2003

ZTBL earns Rs 1 billion net profit in 2003

With over Rs one billion net profit, earned by Zarai Taraqqiati Bank Limited (ZTBL) during 2003 and the repayment of Rs 1.7 billion to the State Bank (SBP), the bank has achieved a turn-around in terms of financial performance and fiscal management.
Published 06 May, 2004 12:00am
ZTBL earns Rs 1 billion net profit in 2003

ZTBL earns Rs 1 billion net profit in 2003

With over Rs one billion net profit, earned by Zarai Taraqqiati Bank Limited (ZTBL) during 2003 and the repayment of Rs 1.7 billion to the State Bank (SBP), the bank has achieved a turn-around in terms of financial performance and fiscal management.
Published 06 May, 2004 12:00am
Golf tourney starts from May 6

Golf tourney starts from May 6

The President of Pakistan Gold Medal Golf Championship will start from Thursday at the Islamabad Golf Club.
Published 06 May, 2004 12:00am
Indian polls no substitute for plebiscite: Sultan

Indian polls no substitute for plebiscite: Sultan

The former prime minister of Azad Jammu and Kashmir (AJK), Sultan Mahmud, said the masses in Indian occupied Kashmir by boycotting the so-called elections in occupied valley have proved they are not equivalent to plebiscite.
Published 06 May, 2004 12:00am
Piaf resents car snatching

Piaf resents car snatching

Pakistan Industrial and Traders Associations Front (Piaf) has strongly reacted to the incident of snatching of car from a former President of the Lahore Chamber of Commerce and Industry (LCCI) Sheikh Mushtaq Ahmed and alleged that such incidents would cre
Published 06 May, 2004 12:00am
Hearing put off

Hearing put off

The Lahore High Court (LHC) adjourned the proceedings in a petition filed by Registrar LHC against the encroachments in and around Chief Justice House.
Published 06 May, 2004 12:00am
Fresh elections inevitable: Qasim

Fresh elections inevitable: Qasim

Qasim Zia, head of Pakistan Peoples Party Parliamentarian (PPPP) Punjab and Leader of Opposition in Punjab Assembly, addressing a meeting of parliamentarians of his party in Punjab Assembly, has said that with political uncertainty reaching apex point, fr
Published 06 May, 2004 12:00am
Writ filed against deporting Shahbaz

Writ filed against deporting Shahbaz

A petition has been filed before the Lahore High Court (LHC) against the government, prays for refraining the respondent officials from deporting Pakistan Muslim League (PML-N) President, Shahbaz Sharif on arrival in the provincial metropolis.
Published 06 May, 2004 12:00am
LSE board finalises name of new managing director

LSE board finalises name of new managing director

The Governing Board of the Lahore Stock Exchange (LSE) in its meeting held on Wednesday, finalised the name of the new managing director/chief executive of the LSE.
Published 06 May, 2004 12:00am
Cut in telephone call charges demanded

Cut in telephone call charges demanded

Former Chairman Pakistan Sugar Mills Association and Member Executive Committee LCCI, Chaudhry Zaka Ashraf has urged the government to announce significant reduction in call charges so that economic activities could boost with the broadening of communicat
Published 06 May, 2004 12:00am
PML-N activists arrest resented

PML-N activists arrest resented

The Lahore High Court Bar Association (LHCBA), while condemning the police raids and arrests of PML-N workers, has asked the police officials to refrain from accepting illegal orders of their high-ups.
Published 06 May, 2004 12:00am
GBHP 5th unit starts operation

GBHP 5th unit starts operation

The fifth and last unit of the Ghazi Barotha Hydropower Project (GBHP) has gone into commercial operation on Wednesday after reliability test as planned and scheduled.
Published 06 May, 2004 12:00am
The Weather

The Weather

The weather report on Wednesday (May 05) and the forecast for Thursday (May 06, 2004).
Published 06 May, 2004 12:00am
PNCC organises convention

PNCC organises convention

Punjab NGO Co-ordination Council (PNCC) organised a 2-day convention from May 5-6, which was attended by about 461 civil society organisations belonging to 36 districts all over the Punjab here on Wednesday.
Published 06 May, 2004 12:00am
Key stock market movements at 1700 GMT on May 05

Key stock market movements at 1700 GMT on May 05

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 06 May, 2004 12:00am
Jalib's widow to get plot possession

Jalib's widow to get plot possession

The Chief Justice of the Lahore High Court (LHC) on Wednesday directed Director General, Lahore Development Authority (LDA), to give possession of plot to the petitioner Mumtaz Begum, widow of renowned poet late Habib Jalib.
Published 06 May, 2004 12:00am
Parliamentary internship programme to be launched

Parliamentary internship programme to be launched

Pakistan Institute of Legislative Development and Transparency (Pildat) is launching a Parliamentary Internship Programme (PIP) through which students of 16th year of education will be placed as interns with 60 standing committees of the Senate and the Na
Published 06 May, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (May 05, 2004)
Published 06 May, 2004 12:00am
Poultry prices go up

Poultry prices go up

Once again the poultry prices have gone beyond the reach of the middle class families and only the privileged class can afford it.
Published 06 May, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 05, 2004).
Published 06 May, 2004 12:00am
Perpetual power shortage belies KESC claims

Perpetual power shortage belies KESC claims

Power shortage continued on the second day on Wednesday despite the claim of the Karachi Electric Supply Corporation that it has managed the shortage through periodical load-shedding in different areas.
Published 06 May, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (May 05) and rates for Thursday (May 06, 2004).
Published 06 May, 2004 12:00am
'Vast scope for leather exports to new EU members'

'Vast scope for leather exports to new EU members'

The Pakistan Leather Garment Manufacturers and Exporters Association (Plgmea) has spoken of great scope for leather and leather garments export to the ten newly inducted European Union (EU) members.
Published 06 May, 2004 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, May 06, 2004.
Published 06 May, 2004 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, May 06, 2004.
Published 06 May, 2004 12:00am
Master motors workshop service

Master motors workshop service

Chinese engineers handed over keys of mobile workshop van to Master Motor Corporation recently.
Published 06 May, 2004 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, May 06, 2004.
Published 06 May, 2004 12:00am
Gang selling smuggled POL products busted

Gang selling smuggled POL products busted

The Collectorate of Customs, Sales Tax and Excise, Quetta, busted a gang selling smuggled Pakistan Oilfields Limited (POL) products on fake invoices.
Published 06 May, 2004 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (May 05, 2004).
Published 06 May, 2004 12:00am
Mango exports to Sweden double

Mango exports to Sweden double

The export of Pakistani mango to Sweden has doubled knocking Indian fruit out of the market completely due to its superb quality and taste.
Published 06 May, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 05, 2004).
Published 06 May, 2004 12:00am
Atlas Bank ratings maintained

Atlas Bank ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of Atlas Investment Bank (AIBL) at 'A-' (Single A Minus) and 'A 2' (A Two) for the long-term and short-term, respectively.
Published 06 May, 2004 12:00am
Atlas Bank ratings maintained

Atlas Bank ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of Atlas Investment Bank (AIBL) at 'A-' (Single A Minus) and 'A 2' (A Two) for the long-term and short-term, respectively.
Published 06 May, 2004 12:00am
Tripartite MoU inked on corrosion control

Tripartite MoU inked on corrosion control

A new beginning in collaborative research between the industry and academia was made when the Institute of Chemical Engineering and Technology, Lahore, the Sui Southern Gas Co and Pakistan Science Foundation signed an MoU for studying the menace of corros
Published 06 May, 2004 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 06 May, 2004 12:00am
THE RUPEE: 65 paisa loss versus euro

THE RUPEE: 65 paisa loss versus euro

The rupee on Wednesday failed to come out of its persistent weakness versus the euro in the open market, losing 65 paisa for buying and selling at Rs 70.32 and Rs 70.62, dealers said.
Published 06 May, 2004 12:00am
PPP MNA's pre-arrest bail extended

PPP MNA's pre-arrest bail extended

Anti Terrorist Court (ATC) Rawalpindi has extended the pre-arrest bail of PPP leader and MNA Zamrud Khan, up to May 11, in a case registered against him by a driver of Varan Tours for blazing a bus of the company.
Published 06 May, 2004 12:00am
THE RUPEE: 65 paisa loss versus euro

THE RUPEE: 65 paisa loss versus euro

The rupee on Wednesday failed to come out of its persistent weakness versus the euro in the open market, losing 65 paisa for buying and selling at Rs 70.32 and Rs 70.62, dealers said.
Published 06 May, 2004 12:00am
SNGPL assures help to revive sick units

SNGPL assures help to revive sick units

Managing Director Sui Northern Gas Pipe Lines (SNGPL) Abdur Rashid Loan on Wednesday reiterated to help revive sick units of the country to boost economic activities.
Published 06 May, 2004 12:00am
Commercial Banks: BANK AL HABIB LIMITED - Year Ended 31-12-2003

Commercial Banks: BANK AL HABIB LIMITED - Year Ended 31-12-2003

The results of the year under review show rapid growth and can be termed astonishing. On almost all counts the performance was very high rather record highest of its career. Apart from conducive business environment, the leadership in the bank took severa
Published 06 May, 2004 12:00am
Attackers chop off opponents limbs

Attackers chop off opponents limbs

Some attackers armed with Klashinkov and sharp weapons intercepted a Khanewal-bound bus near Rajput Nagar some 70-km east of Multan, and forced their opponents to come out of the bus then they chopped off the two legs and one arm of three persons, Muhamma
Published 06 May, 2004 12:00am
Commercial Banks: BANK AL HABIB LIMITED - Year Ended 31-12-2003

Commercial Banks: BANK AL HABIB LIMITED - Year Ended 31-12-2003

The results of the year under review show rapid growth and can be termed astonishing. On almost all counts the performance was very high rather record highest of its career. Apart from conducive business environment, the leadership in the bank took severa
Published 06 May, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (May 05, 2004).
Published 06 May, 2004 12:00am
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