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Print - 2004-08-02
World Punjabi Congress in October

World Punjabi Congress in October

World Punjabi Congress (WPC) would hold the 11th World Punjabi Conference in Delhi in the end of October this year, while 'Peace Melas' would be organised from November 2004 to March 2005 in Haryana, Kolkata, Mumbai, Hyderabad and Lucknow.
Published 02 Aug, 2004 12:00am
Computerised video cameras to be installed

Computerised video cameras to be installed

District Nazim Raja Tariq Mehboob Kiani has said that Rawalpindi is first district in Pakistan where district government would install modern and computerised video cameras to stop the car theft.
Published 02 Aug, 2004 12:00am
Spurious pesticides seized

Spurious pesticides seized

Large quantity of spurious zinc fertiliser and outdated pesticides were seized in Jacobabad during raids conducted by the special team constituted by the Director-General, Agriculture Extension.
Published 02 Aug, 2004 12:00am
Seed processing plant opens

Seed processing plant opens

Director General Agriculture Extension Muhammad Akram on Sunday inaugurated the first mini seed processing plant with a capacity to process 22 tons seed per day at 'Foundation Seed Cell'.
Published 02 Aug, 2004 12:00am
Lahore High Court benches for this week

Lahore High Court benches for this week

As many as five division benches and 17 single benches will work at principal seat of the Lahore High Court (LHC) during the week commencing from Monday, August 2.
Published 02 Aug, 2004 12:00am
Three killed in road accident

Three killed in road accident

At least three people were killed and 10 others injured when a van rammed into a roadside tree here on Sunday.
Published 02 Aug, 2004 12:00am
FPCCI condemns attack on Shaukat

FPCCI condemns attack on Shaukat

Federation of Pakistan Chamber of Commerce and Industry (FPCCI), an apex body of traders in country on Sunday expressed their concern over the attack on Finance Minister Shaukat Aziz, in district Attock.
Published 02 Aug, 2004 12:00am
AGP directs departments to complete reconciliation process

AGP directs departments to complete reconciliation process

Accountant General Punjab Wazir Ahmed Qureshi has directed all the provincial departments to complete reconciliation process of their expenditure and receipts accounts for the year 2003-04 by August 6.
Published 02 Aug, 2004 12:00am
Radio Wana repaired

Radio Wana repaired

The recently damaged radio station of Wana has been repaired and transmission has been restored in the South Waziristan Agency, informed an official of Political Administration.
Published 02 Aug, 2004 12:00am
Couple murdered

Couple murdered

A man and his wife were strangulated to death over monetary dispute at Fayyaz Colony Fateh Garh here in the wee hours of Sunday.
Published 02 Aug, 2004 12:00am
'Attack on Shaukat may be reaction to Khalfan's arrest'

'Attack on Shaukat may be reaction to Khalfan's arrest'

The attempt to kill Pakistan's prime minister-designate could be retaliation for the capture of a key al Qaeda suspect in the deadly 1998 bombing of two US embassies in East Africa, Information Minister Sheikh Rashid said on Sunday.
Published 02 Aug, 2004 12:00am
SPI points to disturbing features

SPI points to disturbing features

The weekly Sensitive Price Indicator for the week ending July 29 points to certain disturbing features.
Published 02 Aug, 2004 12:00am
Sugar and wheat mixed on commodity markets

Sugar and wheat mixed on commodity markets

Sugar, wheat moved both ways on the commodity wholesale markets during the week ended on July 31. Among commodities underwent changes were cotton cakes, plastic mouldings, sugar, wheat, castor and cuminseeds etc. Traders were not happy with the goings and
Published 02 Aug, 2004 12:00am
K-2 celebrations end on August 5

K-2 celebrations end on August 5

The concluding ceremony of Golden Jubilee celebration of K-2 and 51st anniversary of Nanga Parbat will be held on August 5 at 9:30 am at National Library of Pakistan.
Published 02 Aug, 2004 12:00am
Rashid sees breakthrough in suicide attack probe soon

Rashid sees breakthrough in suicide attack probe soon

Minister for Information and Broadcasting Sheikh Rashid on Sunday said that investigation into suicide attack on the Finance Minister is in progress and hopefully there would be some breakthrough within couple of days.
Published 02 Aug, 2004 12:00am
KJF ceremony on August 3

KJF ceremony on August 3

Prime Minister of Azad Kashmir Sardar Sikandar Hayat Khan would address the oath taking ceremony of Kashmir Journalists Forum (KJF) on Tuesday (August 3).
Published 02 Aug, 2004 12:00am
Schools and colleges reopen on August 2

Schools and colleges reopen on August 2

All the private and government schools and colleges in Karachi region will reopen on Monday after two-months of summer vacations.
Published 02 Aug, 2004 12:00am
KESC installs 250 KV PMT in Soldier Bazaar

KESC installs 250 KV PMT in Soldier Bazaar

The Karachi Electric Supply Corporation has added another 250 KV PMT to its distribution network for providing stable power supply to Soldier Bazaar area.
Published 02 Aug, 2004 12:00am
Shaukat vows to work for nation more devotedly

Shaukat vows to work for nation more devotedly

Finance Minister Shaukat Aziz on Sunday reiterated his firm resolve to serve the nation more devotedly and make Pakistan a moderate and progressed state.
Published 02 Aug, 2004 12:00am
Business Recorder staffer grieved

Business Recorder staffer grieved

Jamila Akhtar, wife of Aqeel Ahmed Raja, senior sub-editor, Business Recorder, Islamabad, expired here on Sunday after a protracted illness.
Published 02 Aug, 2004 12:00am
August 9 last date for PQA plots applications

August 9 last date for PQA plots applications

Port Qasim Authority (PQA) has fixed August 9 as last date for receiving applications for allotment of industrial plots in Al-Watan Industrial Zone, specified for overseas Pakistanis.
Published 02 Aug, 2004 12:00am
Shaukat briefed on security measures

Shaukat briefed on security measures

Punjab Chief Minister Chaudhry Pervaiz Ellahi along with high officials of provincial police, on Sunday met Finance Minister Shaukat Aziz at his residence.
Published 02 Aug, 2004 12:00am
Gwadar port to open for shipping in April

Gwadar port to open for shipping in April

Chinese Charge d' Affaires in Pakistan Sowing Dahing said on Sunday that construction work at Gwadar port would be completed by December 25 and it would be opened for shipping in April 2005.
Published 02 Aug, 2004 12:00am
Nancy visits K-2 base camp

Nancy visits K-2 base camp

United States Ambassador to Pakistan Nancy Powell visited Skardu city and base camp of K-2, officials sources told APP on Sunday.
Published 02 Aug, 2004 12:00am
Lahore-Pindi non-stop train inaugurated

Lahore-Pindi non-stop train inaugurated

Pakistan Railways achieved another milestone in its efforts to provide comfortable, safe and speedy travelling facilities to people by launching a non-stop train between Lahore and Rawalpindi on Sunday.
Published 02 Aug, 2004 12:00am
Talks on Siachen, Sir Creek begin on August 3

Talks on Siachen, Sir Creek begin on August 3

Amid Indo-Pak composite dialogue process, heading in the positive direction, three official delegations from Pakistan would start arriving here from Monday to hold parleys with their Indian counterparts on friendly exchange, Siachen and Sir Creek.
Published 02 Aug, 2004 12:00am
Talks on Siachen, Sir Creek begin on August 3

Talks on Siachen, Sir Creek begin on August 3

Amid Indo-Pak composite dialogue process, heading in the positive direction, three official delegations from Pakistan would start arriving here from Monday to hold parleys with their Indian counterparts on friendly exchange, Siachen and Sir Creek.
Published 02 Aug, 2004 12:00am
Seven hostages in Iraq released?

Seven hostages in Iraq released?

Kenya said on Sunday that seven truck drivers, comprising three Indians, three Kenyans and an Egyptian, held in Iraq had been released and were at the Egyptian embassy, but the statement was immediately denied by an Egyptian official and by the company th
Published 02 Aug, 2004 12:00am
Seven hostages in Iraq released?

Seven hostages in Iraq released?

Kenya said on Sunday that seven truck drivers, comprising three Indians, three Kenyans and an Egyptian, held in Iraq had been released and were at the Egyptian embassy, but the statement was immediately denied by an Egyptian official and by the company th
Published 02 Aug, 2004 12:00am
Emerging market risk appetite ebbs into summer

Emerging market risk appetite ebbs into summer

Risk appetite barometers suggest emerging market investors are becoming more cautious after the strong performance in the asset class in May and June, cowed mainly by a rise in volatility across global equity markets.
Published 02 Aug, 2004 12:00am
Ten killed in IOK

Ten killed in IOK

Indian occupation troops shot dead 10 freedom fighters, including a commander, in separate clashes across Indian occupied Kashmir, police said on Sunday.
Published 02 Aug, 2004 12:00am
Ten killed in IOK

Ten killed in IOK

Indian occupation troops shot dead 10 freedom fighters, including a commander, in separate clashes across Indian occupied Kashmir, police said on Sunday.
Published 02 Aug, 2004 12:00am
Dollar seen winner as US rates overtake euro zone

Dollar seen winner as US rates overtake euro zone

For investors who have enjoyed borrowing dollars cheaply to fund trades into higher yielding currencies and other assets, the futures market has a message - the party may soon be over.
Published 02 Aug, 2004 12:00am
Beijing to foot bill for strategic oil stocks

Beijing to foot bill for strategic oil stocks

Beijing, faced with soaring domestic oil demand at a time of uncertain global supplies, is prepared to dig into state coffers to create China's first strategic oil reserves, industry sources say.
Published 02 Aug, 2004 12:00am
CBR intentionally delaying Rs 2 billion refund: PVMA

CBR intentionally delaying Rs 2 billion refund: PVMA

The Pakistan Vanaspati Manufacturers Association (PVMA) and Central Board of Revenue (CBR) are on a collision course on the issue of delay in payment of sales tax refund pertaining to 2002-03.
Published 02 Aug, 2004 12:00am
CBR intentionally delaying Rs 2 billion refund: PVMA

CBR intentionally delaying Rs 2 billion refund: PVMA

The Pakistan Vanaspati Manufacturers Association (PVMA) and Central Board of Revenue (CBR) are on a collision course on the issue of delay in payment of sales tax refund pertaining to 2002-03.
Published 02 Aug, 2004 12:00am
Three killed in Kohat blast

Three killed in Kohat blast

A bomb blast shattered marriage celebrations in a remote village on Sunday, killing two children and a woman and wounding 30 people, police said.
Published 02 Aug, 2004 12:00am
'Exim Bank and OPIC extending facilities to Pakistan'

'Exim Bank and OPIC extending facilities to Pakistan'

Mushtaq Malik, Minister (Economics), Pakistan Embassy, on Sunday said, "continuity and stability of economic reforms policy" has started giving dividends to the nation, "as economic turnaround in Pakistan remains unmatched."
Published 02 Aug, 2004 12:00am
UFJ president flatly denies partner change to Sumitomo

UFJ president flatly denies partner change to Sumitomo

The president of Japan's UFJ Holdings Inc has flatly ruled out a potential change in its merger partner to Sumitomo Mitsui Financial Group Inc (SMFG), according to media reports Sunday.
Published 02 Aug, 2004 12:00am
China Unicom looks for revenue with dual-mode handsets

China Unicom looks for revenue with dual-mode handsets

China Unicom, China's No 2 mobile operator, will launch dual-mode handsets on Thursday in an effort to boost the revenue it gets from data service, as competition heats up in the world's biggest cellular market.
Published 02 Aug, 2004 12:00am
US campaign puts world problems on hold

US campaign puts world problems on hold

When America votes, the world's problems go on hold, according to conventional wisdom. The onset of the US presidential election campaign every four years, so the theory goes, creates a diplomatic vacuum in which rogues and rebels thrive. The lights may b
Published 02 Aug, 2004 12:00am
Pakistan not to be deterred by threats: Sultan

Pakistan not to be deterred by threats: Sultan

Pakistan vowed on Sunday it would not be deterred by al Qaeda threats of further attacks after the terror group claimed responsibility for an assassination attempt on Finance Minister Shaukat Aziz.
Published 02 Aug, 2004 12:00am
'President consulting cabinet on sending troops to Iraq'

'President consulting cabinet on sending troops to Iraq'

Pakistan Peoples Party Patriots Chairman and Federal Defence Minister Rao Sikandar Iqbal said that there was no plan of sending troops to Iraq and added that President Musharraf was consulting with the cabinet in this regard and any decision would be take
Published 02 Aug, 2004 12:00am
No quick end in South Korean consumption slump

No quick end in South Korean consumption slump

A long awaited pick-up in South Korea's private consumption may not happen until well into next year as indebted consumers remain reluctant to spend and healthy exports are failing to ignite local demand, economists said.
Published 02 Aug, 2004 12:00am
Romanian BCR bank net profit 46.2 percent up in first half

Romanian BCR bank net profit 46.2 percent up in first half

Net profit at Romania's largest Banca Comerciala Romana (BCR) bank rose by 46.2 percent to about 89 million euros in January-June from the year-ago period, boosted by growing lending activities, BCR said on Sunday.
Published 02 Aug, 2004 12:00am
Romanian BCR bank net profit 46.2 percent up in first half

Romanian BCR bank net profit 46.2 percent up in first half

Net profit at Romania's largest Banca Comerciala Romana (BCR) bank rose by 46.2 percent to about 89 million euros in January-June from the year-ago period, boosted by growing lending activities, BCR said on Sunday.
Published 02 Aug, 2004 12:00am
Healthy corporate results fail to jack up KSE

Healthy corporate results fail to jack up KSE

Healthy results from corporate giants failed to jack up the share prices at Karachi Stock Exchange last week and index lost over 100 points in the process where turnover was on the lower side, indicating less participation from seasoned and big institutio
Published 02 Aug, 2004 12:00am
Healthy corporate results fail to jack up KSE

Healthy corporate results fail to jack up KSE

Healthy results from corporate giants failed to jack up the share prices at Karachi Stock Exchange last week and index lost over 100 points in the process where turnover was on the lower side, indicating less participation from seasoned and big institutio
Published 02 Aug, 2004 12:00am
Badla rates ease off to single digit

Badla rates ease off to single digit

The badla rates eased off during last week due to decline in equity prices as retail investors sold their holdings in the wake of continuous drop in share prices.
Published 02 Aug, 2004 12:00am
Badla rates ease off to single digit

Badla rates ease off to single digit

The badla rates eased off during last week due to decline in equity prices as retail investors sold their holdings in the wake of continuous drop in share prices.
Published 02 Aug, 2004 12:00am
WTO strikes trade deal, Doha Round back on track

WTO strikes trade deal, Doha Round back on track

Rich and poor nations struck a crucial deal on Sunday to re-launch global trade talks and slash billions of dollars in farm subsidies, open industrial markets and boost global growth.
Published 02 Aug, 2004 12:00am
WTO strikes trade deal, Doha Round back on track

WTO strikes trade deal, Doha Round back on track

Rich and poor nations struck a crucial deal on Sunday to re-launch global trade talks and slash billions of dollars in farm subsidies, open industrial markets and boost global growth.
Published 02 Aug, 2004 12:00am
Action to be taken against defaulting WT agents

Action to be taken against defaulting WT agents

The Central Board of Revenue (CBR) has directed all Regional Commissioners of Income Tax (RCITs) to take action against those withholding tax agents who failed to deposit the collected amount in the national kitty in time.
Published 02 Aug, 2004 12:00am
Action to be taken against defaulting WT agents

Action to be taken against defaulting WT agents

The Central Board of Revenue (CBR) has directed all Regional Commissioners of Income Tax (RCITs) to take action against those withholding tax agents who failed to deposit the collected amount in the national kitty in time.
Published 02 Aug, 2004 12:00am
Gunmen kill five soldiers, one civilian in Khuzdar

Gunmen kill five soldiers, one civilian in Khuzdar

Five off-duty soldiers and a civilian were killed on Sunday when unidentified gunmen on motorbikes opened fire on a car in Khuzdar, some 310km south of Quetta, the police and military said.
Published 02 Aug, 2004 12:00am
Gunmen kill five soldiers, one civilian in Khuzdar

Gunmen kill five soldiers, one civilian in Khuzdar

Five off-duty soldiers and a civilian were killed on Sunday when unidentified gunmen on motorbikes opened fire on a car in Khuzdar, some 310km south of Quetta, the police and military said.
Published 02 Aug, 2004 12:00am
Shell profit may fall 5 to 8 percent

Shell profit may fall 5 to 8 percent

The after-tax profit of Shell Pakistan Ltd for the year ended June 30, 2004, might witness a decline of 5 percent to 8 percent compared with the preceding year because of decline in furnace oil sales.
Published 02 Aug, 2004 12:00am
Shell profit may fall 5 to 8 percent

Shell profit may fall 5 to 8 percent

The after-tax profit of Shell Pakistan Ltd for the year ended June 30, 2004, might witness a decline of 5 percent to 8 percent compared with the preceding year because of decline in furnace oil sales.
Published 02 Aug, 2004 12:00am
Shell profit may fall 5 to 8 percent

Shell profit may fall 5 to 8 percent

The after-tax profit of Shell Pakistan Ltd for the year ended June 30, 2004, might witness a decline of 5 percent to 8 percent compared with the preceding year because of decline in furnace oil sales.
Published 02 Aug, 2004 12:00am
124 killed in Paraguayan supermarket blaze

124 killed in Paraguayan supermarket blaze

A fire that appeared to have been sparked by a gas explosion swept through a supermarket on the Paraguayan capital's outskirts on Sunday and killed at least 124 shoppers and workers trapped inside.
Published 02 Aug, 2004 12:00am
124 killed in Paraguayan supermarket blaze

124 killed in Paraguayan supermarket blaze

A fire that appeared to have been sparked by a gas explosion swept through a supermarket on the Paraguayan capital's outskirts on Sunday and killed at least 124 shoppers and workers trapped inside.
Published 02 Aug, 2004 12:00am
Bomb blasts at Iraqi churches kill 15

Bomb blasts at Iraqi churches kill 15

Car bombs exploded outside at least five Christian churches in Iraq on Sunday, killing more than a dozen people and wounding many more in an apparently co-ordinated attack timed to coincide with evening prayers.
Published 02 Aug, 2004 12:00am
Bomb blasts at Iraqi churches kill 15

Bomb blasts at Iraqi churches kill 15

Car bombs exploded outside at least five Christian churches in Iraq on Sunday, killing more than a dozen people and wounding many more in an apparently co-ordinated attack timed to coincide with evening prayers.
Published 02 Aug, 2004 12:00am
The Weather

The Weather

The weather report on Sunday (August 01) and the forecast for Monday (August 02, 2004).
Published 02 Aug, 2004 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (July 26 to 31, 2004).
Published 02 Aug, 2004 12:00am
South Korea July exports beat forecasts amid China woes

South Korea July exports beat forecasts amid China woes

South Korea's exports grew 38.4 percent in the year through July, beating market expectations, government data showed on Sunday, despite concerns its exports could be hit hard by a slowing Chinese economy.
Published 02 Aug, 2004 12:00am
US billionaire Glazer plotting bid for Man United

US billionaire Glazer plotting bid for Man United

Billionaire American sports tycoon Malcolm Glazer and his family are plotting to take control of Manchester United, the world's wealthiest football club, the Sunday Times reported.
Published 02 Aug, 2004 12:00am
British bank planning counter-bid for Abbey National

British bank planning counter-bid for Abbey National

British bank HBOS is considering a surprise counter-bid for Abbey National, which last week accepted a take-over from Spain's Santander Central Hispano, a report said on Sunday.
Published 02 Aug, 2004 12:00am
Kerry to remove incentives for US job exports to Asia

Kerry to remove incentives for US job exports to Asia

White House aspirant Senator John Kerry has placed the politically sensitive issue of US job exports to low cost Asia at the heart of his campaign, vowing to plug legal loopholes promoting offshore outsourcing.
Published 02 Aug, 2004 12:00am
Eichel does not rule out two-speed EU on tax

Eichel does not rule out two-speed EU on tax

A small group of European Union countries could press ahead with corporate tax harmonisation if an EU-wide initiative does not win support, German Finance Minister Hans Eichel told Reuters in an interview on Sunday.
Published 02 Aug, 2004 12:00am
Soaring oil prices - a structural phenomenon?

Soaring oil prices - a structural phenomenon?

The oil price spike, which shot last week to the historic heights of October 1990, is a structural phenomenon set to have a long-lasting impact on the world economy, analysts say.
Published 02 Aug, 2004 12:00am
Sixth WTO ministerial conference in Hong Kong

Sixth WTO ministerial conference in Hong Kong

Hong Kong Sunday welcomed the World Trade Organisation's decision to hold its sixth ministerial conference in the city in December next year. "I warmly welcome the decision of the General Council of the World Trade Organisation to hold the sixth ministeri
Published 02 Aug, 2004 12:00am
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