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Print - 2004-06-25
Four killed in Turkey bomb blasts

Four killed in Turkey bomb blasts

Four people were killed and 17 injured in bomb blasts in Turkey's two biggest cities on Thursday just days before US President George W. Bush and other world leaders descend on Istanbul for a Nato summit.
Published 25 Jun, 2004 12:00am
15 suspects surrender over Gujarat massacre

15 suspects surrender over Gujarat massacre

The remaining suspects in the killing of 17 members of a Muslim family surrendered Thursday more than two years after the massacre took place amid riots in the Indian state of Gujarat, police said Thursday.
Published 25 Jun, 2004 12:00am
Sadr lays down arms in Baghdad bastion

Sadr lays down arms in Baghdad bastion

Shia militiamen loyal to radical Iraqi cleric Moqtada al-Sadr declared a unilateral cease-fire on Thursday in a Baghdad slum - their last holdout against US troops.
Published 25 Jun, 2004 12:00am
US immunity in Iraq to extend past handover

US immunity in Iraq to extend past handover

The United States will extend immunity from Iraqi prosecution for US and other foreign troops and personnel in Iraq beyond the handover of power next Wednesday, officials said on Thursday.
Published 25 Jun, 2004 12:00am
Ronald Reagan's son slams Bush

Ronald Reagan's son slams Bush

Ron Reagan, a son of late US president Ronald Reagan, has lashed out at the Bush administration's foreign policy, calling the war in Iraq a "terrible mistake" that his father would never have made.
Published 25 Jun, 2004 12:00am
US top court not to make Cheney's papers public

US top court not to make Cheney's papers public

The US Supreme Court refused on Thursday to require Vice President Dick Cheney to disclose the records of the controversial energy task force he headed in early 2001.
Published 25 Jun, 2004 12:00am
Iran releases eight British military servicemen

Iran releases eight British military servicemen

Eight British servicemen were freed on Thursday after three nights in the hands of Iranian Revolutionary Guards, ending a diplomatic wrangle that had threatened to inflame tensions over Britain's presence in Iraq.
Published 25 Jun, 2004 12:00am
Afghan army retakes provincial town

Afghan army retakes provincial town

To cheers and applause, hundreds of troops from Afghanistan's fledgling national army took up positions on Thursday in the capital of a remote province overrun by a renegade commander a week ago.
Published 25 Jun, 2004 12:00am
Elections possible in six months, says Erakat

Elections possible in six months, says Erakat

Palestinians are prepared to hold general elections within six months, but to do so need the support of Israel, the United States and the European Union, chief Palestinian negotiator Saeb Erakat said Thursday.
Published 25 Jun, 2004 12:00am
Indian first execution in 15 years stayed

Indian first execution in 15 years stayed

Indian authorities Thursday stayed the hanging of a Kolkata apartment guard convicted over a teenage girl's rape and murder in what would have been India's first execution in 15 years.
Published 25 Jun, 2004 12:00am
Sterling dips against euro

Sterling dips against euro

Sterling fell to two week lows against the euro on Thursday after a weaker than expected UK manufacturing survey and comments from the Bank of England that did nothing to revive aggressive rate hike expectations.
Published 25 Jun, 2004 12:00am
Dollar stumbles as yen, Swiss franc outperform

Dollar stumbles as yen, Swiss franc outperform

The dollar slid to its lowest in over two months against the yen on Thursday as economic data reinforced optimism over Japan's recovery and lifted Tokyo's stock market to an eight-week high.
Published 25 Jun, 2004 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US stocks hovered near the unchanged mark on Thursday as investors digested a mixed batch of economic data and chose to sit tight ahead of next week's Fed meeting.
Published 25 Jun, 2004 12:00am
Corporate bond market focuses new issues

Corporate bond market focuses new issues

Europe's corporate bond market was once again focussed on new issues on Thursday as further borrowers announced plans to raise debt before the summer lull.
Published 25 Jun, 2004 12:00am
Corporate bond market focuses new issues

Corporate bond market focuses new issues

Europe's corporate bond market was once again focussed on new issues on Thursday as further borrowers announced plans to raise debt before the summer lull.
Published 25 Jun, 2004 12:00am
Miners, HSBC shore up listless FTSE; Hanson cracks

Miners, HSBC shore up listless FTSE; Hanson cracks

Britain's leading shares rose for the second day in a row on Thursday, boosted by strength in a raft of mining stocks, including Rio Tinto, as fears that Chinese demand may be receding were branded as overdone.
Published 25 Jun, 2004 12:00am
London cocoa lower

London cocoa lower

London cocoa futures nudged toward recent lows in mostly structural trade on Thursday, with the market stuck inside this week's tight range and a dearth of fundamental news keeping fund activity muted, dealers said.
Published 25 Jun, 2004 12:00am
Brazil and South Africa seen vying for EU sugar markets

Brazil and South Africa seen vying for EU sugar markets

Brazil and South Africa will muscle into traditional European Union sugar export markets in Africa, the Middle East and Asia if the EU Commission's reform proposals slashing sugar exports are implemented, analysts and traders said on Thursday.
Published 25 Jun, 2004 12:00am
Oil climbs near $38 as Norway oil strike escalates

Oil climbs near $38 as Norway oil strike escalates

Oil prices climbed toward $38 on Thursday as Norwegian oil firms said they would respond to a strike by locking out all workers next week, threatening to shut off almost all petroleum exports from the worlds No. 3 oil exporter.
Published 25 Jun, 2004 12:00am
London sugar higher

London sugar higher

Trade and fund buying pushed Liffe white sugar futures higher at the close on Thursday, traders said.
Published 25 Jun, 2004 12:00am
New York cotton closes higher

New York cotton closes higher

NYBOT cotton futures finished higher Thursday on speculative and options-related buying as the market unleashed a strong advance now that July has gone into its notice period, brokers said.
Published 25 Jun, 2004 12:00am
Cuba turns to US for durum wheat as trade expands

Cuba turns to US for durum wheat as trade expands

Cuba bought its first US durum wheat in more than three decades, the US Agriculture Department reported on Thursday, a sign of Cuba's growing commercial food ties to the United States.
Published 25 Jun, 2004 12:00am
Gold spikes through $400 on euro, Mideast fears

Gold spikes through $400 on euro, Mideast fears

Gold jumped more than 1.5 percent in Europe on Thursday, cracking $400 for the first time since mid April helped by a stronger euro against the dollar and Mideast violence which drew investors into the hard asset.
Published 25 Jun, 2004 12:00am
LME metals up on technicals, dollar and supply

LME metals up on technicals, dollar and supply

London Metal Exchange (LME) base metals ended higher on Thursday as technical factors, fresh dollar weakness and supply concerns combined to lift the market, traders said.
Published 25 Jun, 2004 12:00am
US MIDDAY: coffee easier on sales, small speculators

US MIDDAY: coffee easier on sales, small speculators

NYBOT arabica coffee futures closed slightly softer Thursday on sales by small speculators with the trades focus fixed on winter conditions in leading producer Brazil, brokers said.
Published 25 Jun, 2004 12:00am
US MIDDAY: sugar higher on liquidating positions

US MIDDAY: sugar higher on liquidating positions

NYBOT raw sugar futures settled firmer Thursday in activity featuring switch trade from players liquidating positions out of spot July, with more rollovers seen before the contract expires next week, brokers said.
Published 25 Jun, 2004 12:00am
US MIDDAY: wheat future drops

US MIDDAY: wheat future drops

Soft red winter wheat futures at the Chicago Board of Trade fell on Thursday following news Egypt bought 120,000 tonnes of wheat from France and none from the United States, traders said.
Published 25 Jun, 2004 12:00am
US MIDDAY: corn weaker on disappointing export sales

US MIDDAY: corn weaker on disappointing export sales

Corn futures at the Chicago Board of Trade were lower early Thursday in reaction to another week of disappointing export sales and a mild setback from the firm close on Wednesday, traders said.
Published 25 Jun, 2004 12:00am
US MIDDAY: soya rallies on worries

US MIDDAY: soya rallies on worries

Chicago Board of Trade soyabean futures firmed on Thursday on worries about tight US soyabean supplies and ahead of Friday's last trading day for CBOT July soyabean options, traders said.
Published 25 Jun, 2004 12:00am
US MIDDAY: copper gains on durable goods orders

US MIDDAY: copper gains on durable goods orders

COMEX copper prices rose early Thursday, despite a sharp drop in durable goods orders, as speculative buyers keyed on rumours of a miners strike in Chile and later on a surge in home sales, traders said.
Published 25 Jun, 2004 12:00am
US MIDDAY: precious metals strong

US MIDDAY: precious metals strong

Precious metals rallied strongly in New York futures trading Thursday morning, led by gold's rise to a two-month high above $400 an ounce, amid a confluence of technical and geopolitical factors.
Published 25 Jun, 2004 12:00am
Jamali terms MMA decision 'unfortunate'

Jamali terms MMA decision 'unfortunate'

Prime Minister Mir Zafarullah Khan Jamali on Thursday termed as "unfortunate" the decision of Muttahida Majlis-i-Amal (MMA) not to participate in National Security Council (NSC) meeting.
Published 25 Jun, 2004 12:00am
Murder of journalist continues to haunt Ukraine regime

Murder of journalist continues to haunt Ukraine regime

Nearly four years after the murder of opposition journalist Gyorgi Gongadze, the mysterious affair continues to haunt the Ukrainian regime with the approach of presidential elections in October.
Published 25 Jun, 2004 12:00am
France backs local Imams to preach Islam

France backs local Imams to preach Islam

Hidden in the Burgundy hills on the site of an old summer camp, the main institute to train Muslim prayer leaders in France hardly looks like an idea whose time has come.
Published 25 Jun, 2004 12:00am
Partly Facetious: beggars learning to ride

Partly Facetious: beggars learning to ride

"I don't believe it, you get into trouble because you block the motor cavalcade of the Finance Minister! And since when does a Finance Minister merit a cavalcade, for Pete's sake."
Published 25 Jun, 2004 12:00am
The numbers game

The numbers game

"Following my article that appeared in these columns last week, several readers have asked me to elaborate on how GoP (and its mouthpiece, the Pakistan Economic Survey 2003-04) juggles numbers to fit it's theory of tremendous economic growth during the pa
Published 25 Jun, 2004 12:00am
Facts and figures

Facts and figures

The Economic Survey 2003-04 reveals that the incidence of poverty has "significantly reduced", and, at the same time, it indicates that unemployment rate during the fiscal year 2003-04 increased to 8.27 percent as compared to the year 2000-01.
Published 25 Jun, 2004 12:00am
Enlightenment-cum-Moderation

Enlightenment-cum-Moderation

The tragic event of 9/11 will be remembered in the history of the world not only because of the destruction of the twin towers but also for the extent of the use of a weapon: The Human Bomb. The episode was unprecedented. The incident brought down the gra
Published 25 Jun, 2004 12:00am
Capital Value Tax

Capital Value Tax

The federal budget for the fiscal year 2004-05 (FY-05) presented in the National Assembly on the 12th of June,2004 contained a proposal to levy capital value tax (CVT) @ 0.1 per cent on the purchase of shares which meant that on the purchase of shares val
Published 25 Jun, 2004 12:00am
Farmers' immediate need is crop insurance

Farmers' immediate need is crop insurance

While addressing the Kissan Convention on June 10, 2004, President Musharraf announced a package of incentives for the agriculture sector to bring about a change in the condition of millions of small farmers.
Published 25 Jun, 2004 12:00am
For want of dependable tugs...!

For want of dependable tugs...!

It is distressing to learn from a report that, with its two new newly built pilot boats going out of action on June 15, Port Qasim is now threatened with a major crisis in handling shipping traffic.
Published 25 Jun, 2004 12:00am
Approval of PRGF's eighth tranche

Approval of PRGF's eighth tranche

Pakistan, once dubbed a single tranche country, has come a long way in sustaining a satisfactory relationship with the IMF. Its three-year Poverty Reduction and Growth Facility (PRGF) arrangement was approved on December 6, 2001 and about two-thirds of th
Published 25 Jun, 2004 12:00am
Pakistan Postal services appreciated

Pakistan Postal services appreciated

The Universal Postal Union (UPU) that monitors the efficiency of postal exchanges among the 198 countries through continuos testing of International Service Quality standard has appreciated Pakistan Postal services.
Published 25 Jun, 2004 12:00am
MMA asked to ensure real democracy

MMA asked to ensure real democracy

The representatives of the lawyers' community have asked the Muttahida Majlis-i-Amal (MMA) leadership to play their due role for the establishment of true democracy in the country.
Published 25 Jun, 2004 12:00am
Rules framed for new private schemes

Rules framed for new private schemes

The Punjab government has framed the rules and parameters required for the approval of private housing societies.
Published 25 Jun, 2004 12:00am
Regularisation of daily-wages workers of PTCL demanded

Regularisation of daily-wages workers of PTCL demanded

The Pakistan Telecom Employees Union (CBA) has demanded of the government to regularise the services of nearly 10,000 daily wages workers of Pakistan Telecommunication Company Limited (PTCL).
Published 25 Jun, 2004 12:00am
SDC and LCCI hold workshop

SDC and LCCI hold workshop

Skill Development Council (SDC) and the Lahore Chamber of Commerce and Industry (LCCI) arranged a one-day workshop on 'Skill Development for Entrepreneur-ship' here on Thursday.
Published 25 Jun, 2004 12:00am
Power shutdown

Power shutdown

Karachi Electric Supply Corporation is replacing its 20 MVA power transformer with the new 40 MVA power transformer at Gulistan-e-Jauhar grid station for system improvement.
Published 25 Jun, 2004 12:00am
'HBFC victims ignored in budget'

'HBFC victims ignored in budget'

Federal government should review the so-called relief given to the House Building Finance Corporation (HBFC) victims and write off the interest on small loans up to Rs 200,000, where the principal amount has been re-paid.
Published 25 Jun, 2004 12:00am
LHC moved against Pakistani embassy staff in Saudi Arabia

LHC moved against Pakistani embassy staff in Saudi Arabia

A member of the Lahore High Court Bar Association (LHCBA) has approached the Lahore High Court (LHC) with prayer to direct the respondent government to take necessary action against staff of Pakistan embassy in Saudi Arabia on their failure in performance
Published 25 Jun, 2004 12:00am
LCCI team leaves for Dushanbe

LCCI team leaves for Dushanbe

A 60-member delegation of the Lahore Chamber of Commerce and Industry (LCCI), led by its chief Mian Anjum Nisar left here Thursday for Dushanbe (Tajikistan).
Published 25 Jun, 2004 12:00am
Seminar on culture promotion in July

Seminar on culture promotion in July

Provincial Culture and Youth Affairs Department, in collaboration with Unesco, is organising a seminar on 'Policy for the Preservation and Promotion of Culture' here on July 6.
Published 25 Jun, 2004 12:00am
KCCI rejects Maggon's resignation

KCCI rejects Maggon's resignation

The Karachi Chamber of Commerce and Industry (KCCI) has not accepted the resignation of Mian Naseer Hyatt Maggon, former KCCI President and member of the managing committee of the chamber.
Published 25 Jun, 2004 12:00am
No fresh appointments made in Sindh fisheries department

No fresh appointments made in Sindh fisheries department

Sindh Chief Minister Dr Arbab Ghulam Rahim informed the Sindh Assembly on Thursday that no appointments had been made in the Fisheries Department as there was complete ban on fresh recruitment.
Published 25 Jun, 2004 12:00am
Corporate sector urged to invest in security systems

Corporate sector urged to invest in security systems

Founder Chairman of the Citizens-Police Liaison Committee (CPLC) Jamil Yousuf has stressed the need for making investment in security by the corporate sector as well as by the government to ensure safety of life and property of the people.
Published 25 Jun, 2004 12:00am
Security beefed up in twin cities

Security beefed up in twin cities

Law Enforcement Agencies (LEAs) in Rawalpindi and Islamabad were put on high alert to avert any terrorist strike, target killing and any other untoward incident.
Published 25 Jun, 2004 12:00am
International day against drug trafficking on June 26

International day against drug trafficking on June 26

The International Day against Drug Abuse and Illicit Drug Trafficking is being celebrated on June 26 like every year to mark the signing of the declaration adopted at the International Conference against Drug Abuse and Illicit Trafficking on June 26, 1987
Published 25 Jun, 2004 12:00am
15 percent GST on raw wool import by unregistered sector demanded

15 percent GST on raw wool import by unregistered sector demanded

The Woollen Mills Owners (WMO) have demanded the imposition of 15 percent General Sales Tax (GST) on the import of the raw wool on the unregistered wool sector, while the registered sector would be given a zero rate sales tax on import of the raw wool.
Published 25 Jun, 2004 12:00am
Sindh MPAs briefed on lapse of uplift funds

Sindh MPAs briefed on lapse of uplift funds

Sindh Finance Minister Syed Sardar Ahmed made it clear to the MPAs that all development funds lapse after the closure of a financial year.
Published 25 Jun, 2004 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 25 Jun, 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 25 Jun, 2004 12:00am
Body to evolve strategy for LTU staff training

Body to evolve strategy for LTU staff training

For smooth working at Large Taxpayer Unit (LTU), Karachi, the Central Board of Revenue (CBR) has constituted a committee to devise strategy for training of LTU officials.
Published 25 Jun, 2004 12:00am
EU team meets Kashmiri leaders

EU team meets Kashmiri leaders

The European Union (EU) parliamentary delegation currently on a visit of occupied Kashmir and led by John Cushnahan, member of the Foreign Affairs Committee of European Parliament on Thursday met with Democratic Freedom Party (DFP) Chairman, Shabbir Ahmad
Published 25 Jun, 2004 12:00am
Ghauri stops land allotment along highways

Ghauri stops land allotment along highways

Minister for Communications, Baber Khan Ghauri on Thursday asked National Highway Authority (NHA) to stop land allotment along national highways till a new standard operational procedure is introduced.
Published 25 Jun, 2004 12:00am
KWSB chief for improvement in water meter testing

KWSB chief for improvement in water meter testing

KW&SB Managing Director Brigadier Iftikhar Hyder on Thursday called for improving the meter testing system and proper cleaning of chambers where meters are installed.
Published 25 Jun, 2004 12:00am
The Weather

The Weather

The weather report on Thursday (June 24) and the forecast for Friday (June 25, 2004).
Published 25 Jun, 2004 12:00am
JKLL hails Pak-India efforts for peace

JKLL hails Pak-India efforts for peace

Former chief Justice of Azad Jammu Kashmir High Court and President Jammu & Kashmir Liberation League (JKLL) Justice Abdul Majeed Malick (Retd), has said durable peace cannot be establish in South Asia unless and until the Indian occupied Kashmir issue is
Published 25 Jun, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Thursday.
Published 25 Jun, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Thursday.
Published 25 Jun, 2004 12:00am
Gas supply at cheaper rates assured

Gas supply at cheaper rates assured

The five-year period for supply of gas at concessional rates for Balancing, Modernisation, Rehabilitation and Expansion (BMRE) of existing fertiliser plants will be increased to encourage investment in this sector.
Published 25 Jun, 2004 12:00am
Key stock market movements at 1700 GMT on June 24

Key stock market movements at 1700 GMT on June 24

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 25 Jun, 2004 12:00am
Punjab to set up special kids academies

Punjab to set up special kids academies

The Punjab government has decided to establish educational institutions for special children at tehsil level during next fiscal year in the province.
Published 25 Jun, 2004 12:00am
Former minister gets four-year RI and Rs 36.2 million fine

Former minister gets four-year RI and Rs 36.2 million fine

An accountability court presided over by Judge Attaullah Khan convicted and sentenced Syed Qasim Shah, former Senator and minister for Kashmir Affairs and Northern Areas for four years rigorous imprisonment (RI) and Rs 36.2 million fine for accumulating a
Published 25 Jun, 2004 12:00am
Balochistan LG polls schedule announced

Balochistan LG polls schedule announced

Chief Election Commissioner Chief Justice Irshad Hasan Khan (Retd), on Thursday notified to hold by-elections for Nazim and Naib Nazims in two union councils of Balochistan.
Published 25 Jun, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (June 24, 2004)
Published 25 Jun, 2004 12:00am
Thaw in Pak-India ties seen leading to Kashmir solution

Thaw in Pak-India ties seen leading to Kashmir solution

Terming resumption of peace process between Pakistan and India as positive, Toronto-based Kashmiri Leader, Mushtaq A. Jeelani on Thursday hoped the thaw could lead to resolution of all disputes including the Indian occupied Kashmir issue.
Published 25 Jun, 2004 12:00am
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