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Print - 2004-07-30
'Country witnessing rise in poverty'

'Country witnessing rise in poverty'

The country was witnessing unprecedented increase in poverty, price hike and unemployment, making the life of common man miserable.
Published 30 Jul, 2004 12:00am
PHDEB hires consultant

PHDEB hires consultant

Pakistan Horticulture Development & Export Board (PHDEB) has hired the services of a consultant from Holland, to develop the flora culture industry in the country, in accordance with the international standards.
Published 30 Jul, 2004 12:00am
Architectural structure to be restored

Architectural structure to be restored

Architectural structure of the historical gates that still exist in some shape in the walled city would be restored and rehabilitated.
Published 30 Jul, 2004 12:00am
MMA condemns killing of Pakistani hostages

MMA condemns killing of Pakistani hostages

Muttahida Majlis-i-Amal (MMA) Faisalabad chapter has expressed grave concern over the brutal killing of two Pakistanis in Iraq and strongly demanded of the government to announce a clear-cut policy that Pakistan would not send troops to Iraq for the prote
Published 30 Jul, 2004 12:00am
SECP presents report on outsourcing to Iosco panel

SECP presents report on outsourcing to Iosco panel

Chairman of Securities and Exchange Commission of Pakistan (SECP) Dr Tariq Hassan has presented a report to the Standing Committee-3 (SC-3) of the International Organisation of Securities Commissions (Iosco) on the draft principles of outsourcing of finan
Published 30 Jul, 2004 12:00am
Water line bursts at Dhabeji

Water line bursts at Dhabeji

A 72-inches diameter concrete pipeline burst on Thursday morning in Dhabeji Pumping Station due to repeated power breakdown, resulting discontinuation of 70 million gallon water to Karachi.
Published 30 Jul, 2004 12:00am
One hurt in explosion

One hurt in explosion

One person was seriously injured in an explosion here at a house in Sector 1-8/3 on Thursday night, police said.
Published 30 Jul, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 29, 2004).
Published 30 Jul, 2004 12:00am
IHFL ratings maintained at BBB+

IHFL ratings maintained at BBB+

The JCR-VIS Credit Company has maintained the medium- to long-term entity ratings of International Housing Finance Ltd (IHFL) at 'BBB+' (triple B plus), and the short term rating at 'A3' (A three). Outlook on the medium to long-term rating has been revise
Published 30 Jul, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 29, 2004).
Published 30 Jul, 2004 12:00am
IHFL ratings maintained at BBB+

IHFL ratings maintained at BBB+

The JCR-VIS Credit Company has maintained the medium- to long-term entity ratings of International Housing Finance Ltd (IHFL) at 'BBB+' (triple B plus), and the short term rating at 'A3' (A three). Outlook on the medium to long-term rating has been revise
Published 30 Jul, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 29, 2004).
Published 30 Jul, 2004 12:00am
Supreme Court gets three new judges

Supreme Court gets three new judges

Three new judges, one from Peshawar and two from Lahore High Courts, have been elevated to fill in three of the four vacant positions in the Supreme Court.
Published 30 Jul, 2004 12:00am
Textile exporters resent rebate reduction

Textile exporters resent rebate reduction

One after another all steps taken by the Central Board of Revenue (CBR) to slash the duty drawback is producing harsh reaction from the exporters demanding its withdrawal.
Published 30 Jul, 2004 12:00am
Nespak awarded BUITMS project

Nespak awarded BUITMS project

The defunct Bolan Textile Mills near Quetta is being converted into a modern campus for Balochistan University of Information Technology and Management Sciences (BUITMS).
Published 30 Jul, 2004 12:00am
Pakistan Steel capacity to be raised to over 3 million tons: Jatoi

Pakistan Steel capacity to be raised to over 3 million tons: Jatoi

Federal Minister for Industries and Production Liaquat Ali Jatoi said on Thursday that Pakistan Steel's production capacity will be increased beyond 3 million tons per annum within next three years from the present 1.1 million tones.
Published 30 Jul, 2004 12:00am
Acting US CG assures Pakistani businessmen of support

Acting US CG assures Pakistani businessmen of support

The Acting Consul General of United States, Ms Kay L. Anske, while visiting the Site Association of Trade & Industry on Thursday had assured Pakistani business community of full co-operation and support to meet the challenges of WTO regime.
Published 30 Jul, 2004 12:00am
AIOU Admissions from August 2

AIOU Admissions from August 2

The Allama Iqbal Open University (AIOU) will start admissions for the semester 'Autumn 2004' from August 2.
Published 30 Jul, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (July 29, 2004).
Published 30 Jul, 2004 12:00am
US embassy appoints new courier service for visa handling

US embassy appoints new courier service for visa handling

The US consular services announced here on Saturday that from Monday next week, the American Express and Standard Charter Bank will be its couriers for the visa applications and interview appointment dates.
Published 30 Jul, 2004 12:00am
Fire breaks out in Lakson Square

Fire breaks out in Lakson Square

Fire broke out in 11-storeyed Lakson Square Building No 1, situated at Sarwar Shaheed Road on Thursday morning.
Published 30 Jul, 2004 12:00am
First Equity Modaraba declares 42.50 percent dividend

First Equity Modaraba declares 42.50 percent dividend

The First Equity Modaraba (FEM), one of the leading Modarabas in Pakistan and a member of the Modaraba Association of Pakistan based on the results as on June 30, 2004, has declared cash dividend of 42.50 percent as compared to 22.50 percent last year.
Published 30 Jul, 2004 12:00am
First Equity Modaraba declares 42.50 percent dividend

First Equity Modaraba declares 42.50 percent dividend

The First Equity Modaraba (FEM), one of the leading Modarabas in Pakistan and a member of the Modaraba Association of Pakistan based on the results as on June 30, 2004, has declared cash dividend of 42.50 percent as compared to 22.50 percent last year.
Published 30 Jul, 2004 12:00am
PSO sets new dividend record

PSO sets new dividend record

Pakistan State Oil (PSO) total dividend in the year ended June 30, 2004 exceed previous year's pay out following a significant increase in the sales and profits for the period.
Published 30 Jul, 2004 12:00am
Groups supporting extremists criticised

Groups supporting extremists criticised

A ruling party lawmaker alleged on Thursday that certain elements in political groups, bureaucracy and even military have soft corner for extremist elements.
Published 30 Jul, 2004 12:00am
PSO sets new dividend record

PSO sets new dividend record

Pakistan State Oil (PSO) total dividend in the year ended June 30, 2004 exceed previous year''s pay out following a significant increase in the sales and profits for the period.
Published 30 Jul, 2004 12:00am
PSO sets new dividend record

PSO sets new dividend record

Pakistan State Oil (PSO) total dividend in the year ended June 30, 2004 exceed previous year's pay out following a significant increase in the sales and profits for the period.
Published 30 Jul, 2004 12:00am
NHA stance stirs controversy over Bhasha dam project

NHA stance stirs controversy over Bhasha dam project

National Highway Authority (NHA) has informed that it would not renovate or redesign the portion of Karakoram Highway (KKH) that will be affected by the construction of Bhasha dam as the government is planning to shortly launch the detailed design of the
Published 30 Jul, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 29, 2004).
Published 30 Jul, 2004 12:00am
NHA stance stirs controversy over Bhasha dam project

NHA stance stirs controversy over Bhasha dam project

National Highway Authority (NHA) has informed that it would not renovate or redesign the portion of Karakoram Highway (KKH) that will be affected by the construction of Bhasha dam as the government is planning to shortly launch the detailed design of the
Published 30 Jul, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 29, 2004).
Published 30 Jul, 2004 12:00am
Sindh home department warning

Sindh home department warning

The provincial Home Department has cautioned people to remain careful on Friday for fear of terrorist attacks on places of worships.
Published 30 Jul, 2004 12:00am
Sindh home department warning

Sindh home department warning

The provincial Home Department has cautioned people to remain careful on Friday for fear of terrorist attacks on places of worships.
Published 30 Jul, 2004 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (July 29, 2004).
Published 30 Jul, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (July 29, 2004).
Published 30 Jul, 2004 12:00am
Military's involvement in politics criticised

Military's involvement in politics criticised

Parliamentarians from different opposition parties on Thursday warned against dangerous repercussions of military's involvement in politics, saying, "it could lead the country towards a disaster".
Published 30 Jul, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (July 29, 2004).
Published 30 Jul, 2004 12:00am
Three coalition troops killed in Iraq

Three coalition troops killed in Iraq

One US soldier died of his wounds after his patrol was attacked on Thursday with small arms fire near the town of Hawija in northern Iraq, the military said.
Published 30 Jul, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Iraqi militants spared a Pakistani hostage last week but killed the other two this Wednesday casting a pall of gloom all over the country.
Published 30 Jul, 2004 12:00am
British envoy meets Faisal

British envoy meets Faisal

British High Commissioner Mark Lyall Grant called on Interior and Narcotics Control Minister Syed Faisal Saleh Hayat on Thursday and appreciated the role of Pakistan in fight against terrorism.
Published 30 Jul, 2004 12:00am
Kasuri shocked over murder of Pakistanis

Kasuri shocked over murder of Pakistanis

Minister for Foreign Affairs Khurshid Mehmud Kasuri expressed shock and grief over the murder of two Pakistanis in Iraq here in National Assembly on Thursday.
Published 30 Jul, 2004 12:00am
Cocoa arrivals steady

Cocoa arrivals steady

Cocoa arrivals were steady in Indonesia's main growing area of Sulawesi this week but heavy rains hit plantations as some came into the flowering season, traders said on Thursday.
Published 30 Jul, 2004 12:00am
Odumbe's wife implicates six more players in bribery scandal

Odumbe's wife implicates six more players in bribery scandal

The estranged wife of former Kenya cricket captain Maurice Odumbe has implicated six other players in the corruption scandal involving her husband at an international Cricket Council (ICC) tribunal here Thursday.
Published 30 Jul, 2004 12:00am
Umpires to wear ear-pieces

Umpires to wear ear-pieces

Umpires in September's ICC Champions Trophy will wear ear-pieces wired to stump microphones so they can better hear edges.
Published 30 Jul, 2004 12:00am
Flintoff and Jones steady England

Flintoff and Jones steady England

Andrew Flintoff and Geraint Jones's unbroken stand of 51 took England to 313 for five at stumps on the first day of the second Test against West Indies at Edgbaston here Thursday.
Published 30 Jul, 2004 12:00am
No point in crying over bonus system: Miandad

No point in crying over bonus system: Miandad

Javed Miandad has come out strongly against Bob Woolmer's slamming of the bonus-point system in the Asia Cup. "There is no point in crying hoarse over the bonus-point system," Miandad said while speaking to a private news channel in Kolkata.
Published 30 Jul, 2004 12:00am
Laxman likely to be fit for final

Laxman likely to be fit for final

India's middle order batsman Vangipurappu Laxman is expected to be fit for their Asia Cup final against Sri Lanka on Sunday.
Published 30 Jul, 2004 12:00am
Gibbs out of first Test

Gibbs out of first Test

South Africa opener Herschelle Gibbs will miss the first test against Sri Lanka in Galle next week because of an ankle injury. Gibbs sprained his ankle during a training session in Pretoria before the team's departure for Sri Lanka but travelled with the
Published 30 Jul, 2004 12:00am
Swiss franc marks time against US dollar

Swiss franc marks time against US dollar

The Swiss franc was stuck near a two-month low against the dollar early on Thursday ahead of key US data that will be scanned for clues on the strength of the world's top economy and future US interest rate moves. Initial jobless claims are due later in t
Published 30 Jul, 2004 12:00am
Asian currencies rest on intervention reports

Asian currencies rest on intervention reports

The Indonesian rupiah fell on Thursday while other Asian currencies won some breathing space against the US dollar on the suspicion that Asian central banks were intervening to support their currencies. The Singapore dollar spent the day in a narrow band
Published 30 Jul, 2004 12:00am
Hong Kong dollar rebounds

Hong Kong dollar rebounds

The Hong Kong dollar edged higher against the US unit on Thursday amid some profit-taking, but dealers expect the rebound to be short-lived as players continue to take advantage of comparatively higher US interest rates.
Published 30 Jul, 2004 12:00am
Dollar rises against yen, steady against euro

Dollar rises against yen, steady against euro

The dollar climbed against the yen and was steady against the euro on Wednesday as generally soft US data did not dispel the market's view that the economy is growing at a healthy clip. According to the Federal Reserve's "beige book," the world's largest
Published 30 Jul, 2004 12:00am
Dollar hovers near highs on US economy optimism

Dollar hovers near highs on US economy optimism

The dollar hovered near recent multi-week highs on Thursday, with market trends pointing to it rising further on optimism over the US economy and expectations for a gradual rise in US interest rates. But the dollar was not expected to break above 112 yen
Published 30 Jul, 2004 12:00am
Sliding Indian rupee nears 13-month low

Sliding Indian rupee nears 13-month low

The weakening Indian rupee closed in on the psychologically key 46.50 per dollar level on Thursday as it remained under relentless pressure from state-run oil firms and other importers eyeing record high crude prices. The rupee was at 46.4800/4900 per dol
Published 30 Jul, 2004 12:00am
Bangladeshi taka eases against dollar

Bangladeshi taka eases against dollar

The Bangladesh taka eased on Thursday on demand for the US currency for import-related payments, despite floods, dealers said. The taka was quoted at 59.27/60.10 against the dollar, from 59.27/60.03 on Wednesday.
Published 30 Jul, 2004 12:00am
Chinese yuan steady

Chinese yuan steady

The yuan ended steady at 8.2769 per US dollar on Thursday, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 975 points implying a rate of 8.1805 yuan per dollar in 12 months' t
Published 30 Jul, 2004 12:00am
Sri Lankan stocks sag

Sri Lankan stocks sag

Sri Lankan stocks fell on Thursday, due to profit-taking in blue chips and negative news on the island's peace process, but retail interest in smaller stocks helped stem the market's losses.
Published 30 Jul, 2004 12:00am
Nikkei tumbles, earnings outlook weighs on techs

Nikkei tumbles, earnings outlook weighs on techs

Tokyo's Nikkei average closed down 0.78 percent on Thursday as earnings outlooks from leading tech firms highlighted investor worries that corporate profit growth may slow in the months ahead. Selling hit Pioneer Corp after the plasma television maker log
Published 30 Jul, 2004 12:00am
Philippines stocks finish at three-month high

Philippines stocks finish at three-month high

Manila stocks ended at their highest level in three months on Thursday, lifted by top telecom firm PLDT on expectations of strong second-quarter earnings. The main index gained 0.99 percent to end at 1,599.06, its highest close since April 28 when it fini
Published 30 Jul, 2004 12:00am