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Print - 2004-08-02
Ghauri for timely completion of Lyari Expressway

Ghauri for timely completion of Lyari Expressway

Federal Communication Minister Senator Babar Khan Ghouri on Sunday announcing that the Lyari Expressway victims would be resettled on top priority, stressed for timely completion of the project, which is expected to mitigate the traffic problems of the ci
Published 02 Aug, 2004 12:00am
Pollution in Lahore exceeds WHO limits

Pollution in Lahore exceeds WHO limits

Atmospheric pollution in the city, caused by vehicles, has exceeded the limits laid down by the World Health Organisation while the effects of acid rain are rendering fish useless for human consumption.
Published 02 Aug, 2004 12:00am
Portfolios of six new NWFP ministers

Portfolios of six new NWFP ministers

The NWFP government has announced portfolios for six newly inducted provincial ministers here on late Saturday night.
Published 02 Aug, 2004 12:00am
Sri Lanka seize Asia Cup as India choke

Sri Lanka seize Asia Cup as India choke

Sri Lanka lifted the Asia Cup here on Sunday with a 25-run victory that showed once again how badly Sourav Ganguly's India choke when confronted with the pressure of one-day tournament finals.
Published 02 Aug, 2004 12:00am
One killed as rain lashes various cities

One killed as rain lashes various cities

Multan and adjacent areas, including Muzaffargarh also received severe downpour on Sunday. Resultantly low lying and slum areas become flooded with three to four feet deep water. All type of traffic remained suspended and trains and flights were delayed f
Published 02 Aug, 2004 12:00am
EPA interviews postponed

EPA interviews postponed

Sindh Environmental Protection Agency (EPA) has postponed the interviews scheduled for August 2, 2004, at the EPA Complex, Korangi, Karachi, against the contract jobs for the project 'Water Quality Monitoring Program in Sindh' due to some unavoidable circ
Published 02 Aug, 2004 12:00am
'Pak-Tajik bilateral trade has bright prospects'

'Pak-Tajik bilateral trade has bright prospects'

Bright prospects of bilateral trade between Pakistan and Tajikistan exist and the volume can be enhanced to 20 million dollars by proper exploitation of the potential.
Published 02 Aug, 2004 12:00am
Crop insurance scheme a positive step: minister

Crop insurance scheme a positive step: minister

The introduction of crop and farmers insurance scheme is a very positive step taken by the Punjab government, which has provided a sense of security to growers' community in the province.
Published 02 Aug, 2004 12:00am
TLC restrained from selling Haseeb Waqas shares

TLC restrained from selling Haseeb Waqas shares

Justice Abdul Shakoor Piracha of Lahore High Court (LHC) has restrained Trust Leasing Corporation (TLC) from encashing the share offered as security by Haseeb Waqas Group of companies.
Published 02 Aug, 2004 12:00am
TLC restrained from selling Haseeb Waqas shares

TLC restrained from selling Haseeb Waqas shares

Justice Abdul Shakoor Piracha of Lahore High Court (LHC) has restrained Trust Leasing Corporation (TLC) from encashing the share offered as security by Haseeb Waqas Group of companies.
Published 02 Aug, 2004 12:00am
PTV launches Salam Pakistan

PTV launches Salam Pakistan

Pakistan Television launched the 'Salam Pakistan' slogan programme from Sunday to highlight the pride, confidence and hope of the masses in the ideological state of Islamic Republic of Pakistan.
Published 02 Aug, 2004 12:00am
Pakistan to stage 2006 Asia Cup

Pakistan to stage 2006 Asia Cup

Pakistan will host the next Asia Cup in 2006 but the final dates will be announced later, the Asian Cricket Council said here Sunday.
Published 02 Aug, 2004 12:00am
Sri Lanka hotels overflow with Indian fans

Sri Lanka hotels overflow with Indian fans

Hotels in the Sri Lankan capital dusted their "house full" signs for the first time in decades as thousands of fans arrived here to watch India play in Sunday's Asia Cup cricket final against the hosts, officials said.
Published 02 Aug, 2004 12:00am
I won't quit, says Lara

I won't quit, says Lara

Under-fire West Indies captain Brian Lara defiantly insisted on Sunday that he would not quit despite his team suffering another crushing defeat.
Published 02 Aug, 2004 12:00am
Giles spins England to victory

Giles spins England to victory

Ashley Giles took five wickets as England beat West Indies by 256 runs to win the second Test with more than a day to spare at Edgbaston here Sunday.
Published 02 Aug, 2004 12:00am
Badges industry seeks sales tax waiver

Badges industry seeks sales tax waiver

Ex-senior vice president of Sialkot Chamber of Commerce and Industry (SCCI), and leading exporter, Muhammad Sadiq Goraya has urged upon the government that badges industry should be exempted from sales tax for its survival.
Published 02 Aug, 2004 12:00am
MMA requests Saudi Arabia not to send troops to Iraq

MMA requests Saudi Arabia not to send troops to Iraq

Muttahida Majlis-i-Amal (MMA) has appealed to Saudi Arabia not to send its troops to Iraq in the larger interest of Muslim Ummah. Pakistan should avoid to take risk of meeting US demand of sending troops to Iraq.
Published 02 Aug, 2004 12:00am
Over Rs 3.327 million collected in taxes and duties

Over Rs 3.327 million collected in taxes and duties

An amount of over Rs 3.327 million was collected and deposited into the government treasury during the last financial year on account of different government duties, dues, payments & fines etc relating to the Labour Department, here.
Published 02 Aug, 2004 12:00am
Campaign against corrupt government employees

Campaign against corrupt government employees

During an ongoing campaign against the corrupt government officials under the supervision of Additional Director Anti-Corruption Establishment Faisalabad Chaudhry Kabir Ahmad Khan, a Food Department Supervisor Circle Officer ACE Naveed Murtaza & sent to t
Published 02 Aug, 2004 12:00am
Government believes in practical steps for masses uplift: Jatoi

Government believes in practical steps for masses uplift: Jatoi

Federal Minister for Industries and Production, Liaquat Ali Khan Jatoi has said that the present government believed in practical measures to provide basic facilities to the common masses at their doorsteps instead of raising empty slogans as witnessed by
Published 02 Aug, 2004 12:00am
IIU wants WTO pacts translated into Urdu

IIU wants WTO pacts translated into Urdu

The President International Islamic University (IIU) Dr Mehmood Ahmed Ghazi has asked the concerned government departments and universities to translate World Trade Organisation (WTO) agreements into Urdu and other regional languages.
Published 02 Aug, 2004 12:00am
Reasons of early tooth decay in Khyber Agency identified

Reasons of early tooth decay in Khyber Agency identified

The Scientists of Pakistan Council of Scientific and Industrial Research (PCSIR) successfully identified the reasons of mysterious disease "Early Tooth Decay" among the teenagers of Khyber Agency who were suffering for a long time.
Published 02 Aug, 2004 12:00am
Rain forecast

Rain forecast

The Meteorological Department has forecast cloudy weather with chances of rain/drizzle for the city with maximum temperature ranging between 32-34 degree centigrade on Monday.
Published 02 Aug, 2004 12:00am
Shaukat to get more votes in Thar than Attock: Arbab

Shaukat to get more votes in Thar than Attock: Arbab

Sindh Chief Minister Dr Arbab Ghulam Rahim has said that Tharis are peaceful and loving people and hoped that Shaukat Aziz will get more votes in this constituency than that in Attock.
Published 02 Aug, 2004 12:00am
Three projects launched for disabled in Jhelum

Three projects launched for disabled in Jhelum

Organisation for Rehabilitation of Disabled Persons (ORDP) has launched three inter-related projects in Jhelum for the welfare and rehabilitation of disable persons.
Published 02 Aug, 2004 12:00am
World urged to take note of human rights violations in IOK

World urged to take note of human rights violations in IOK

Central Co-ordinator of the Kashmir Institute of International Relations Sardar Usman Ali Khan has said that Indian army was engage in brutalities and victimising innocent people in held Kashmir to prolong its occupation.
Published 02 Aug, 2004 12:00am
Literary sitting at Arts Council

Literary sitting at Arts Council

The weekly literary sitting at the Arts Council of Pakistan will be held here on Monday (August 2) at 8.00 pm.
Published 02 Aug, 2004 12:00am
IOK a police state, says APHC

IOK a police state, says APHC

All Parties Hurriyat Conference, accusing the puppet government of carrying out genocide of Kashmiris, said that occupied Kashmir has been virtually turned into a police state.
Published 02 Aug, 2004 12:00am
Huge quantity of arms and hashish seized

Huge quantity of arms and hashish seized

At least 1256 kgs of good quality hashish, five military uniforms of major ranks, three kalashnikoves with 90 bullets, a pistol of 30 bore with 12 bullets were seized from a vehicle bearing army number plate which met an accident near Khansar (Bhakkar), 1
Published 02 Aug, 2004 12:00am
JKML to hold media workshop on August 10

JKML to hold media workshop on August 10

Jammu Kashmir Media Link (JKML) will organise a training workshop for new journalists entitled "The Young Journalists and Social Revolution" here on August 10.
Published 02 Aug, 2004 12:00am
Indus Water Treaty

Indus Water Treaty

The shortage of water that has afflicted the whole country has been more sharply felt in southern Punjab and Sindh, both lower riparian areas. It is no surprise therefore that parliamentarians from the former were so incensed as to call the other day for
Published 02 Aug, 2004 12:00am
Sindh's wheat import bid

Sindh's wheat import bid

Seemingly exasperated by the failure of all other means to pre-empt a looming wheat crisis in the province, the Sindh government is reported have made up its mind to seek the federal government's permission for direct import of the grain, evidently to ens
Published 02 Aug, 2004 12:00am
Need to streamline credit to rural agri-industry

Need to streamline credit to rural agri-industry

A number of institutions are established in Pakistan to provide agricultural credit. They are Zarai Bank, Industrial Development Bank of Pakistan (IDBP) and 5 commercial banks (National Bank of Pakistan, Habib Bank Ltd, Muslim Commercial Bank Ltd and Alli
Published 02 Aug, 2004 12:00am
WTO and its implications

WTO and its implications

Today, more then ever before, a thorough understanding of GATT/WTO rules is required to conduct business. This seems somehow unfair to small business owners with little education base as well as to niche market exporters.
Published 02 Aug, 2004 12:00am
Improper bank accounting

Improper bank accounting

I have seen the letter of Abdul Qadir Bombaywala in the Business Recorder, Karachi regarding improper accounting in banks and the honourable court of Sindh has directed to the State Bank of Pakistan to appoint a chartered accountant from among its
Published 02 Aug, 2004 12:00am
Coronation gate

Coronation gate

Apropos the letter of Nisar Hassan Ally Effendi in your newspaper of 24-7-2004 about Manchar Lake I would like to inform you that in the early fifties, I had been visiting Bubak village situated on the banks of this lake which was once the biggest water t
Published 02 Aug, 2004 12:00am
Fahrenheit 9/11 sparks new interest in film genre

Fahrenheit 9/11 sparks new interest in film genre

"Fahrenheit 9/11," the documentary turned box-office blockbuster, has set a new watermark in film history and revived public interest in the genre, relegated in recent years to independent theatres and art houses.
Published 02 Aug, 2004 12:00am
Comprehensive approach for supply of potable water

Comprehensive approach for supply of potable water

The Punjab Chief Minister, according to press reports, said that a comprehensive programme would be implemented to streamline the existing sewerage system and ensuring the provision of potable water to all cities of the province.
Published 02 Aug, 2004 12:00am
Turkey's bid for EU membership

Turkey's bid for EU membership

The issue of Turkish entry to the EU club has resurfaced again and this time the subject is a contentious point between the transatlantic allies. During the visit of the Heads of States to the Nato summit in Istanbul on June 28-29, US President George Bus
Published 02 Aug, 2004 12:00am
Grozny library offers brief respite from war in Chechnya

Grozny library offers brief respite from war in Chechnya

When it looked as if war would again break out in Chechnya in the fall of 1999, Satsita Israilova began to take books out of the Grozny library where she worked into the cellar of her building.
Published 02 Aug, 2004 12:00am
Chinese Consul General visits PCDMA

Chinese Consul General visits PCDMA

Consul General of the Peoples' Republic of China visited Pakistan Chemicals & Dyes Merchants' Association (PCDMA) recently and held a fruitful meeting with the traders.
Published 02 Aug, 2004 12:00am
Poland marks 60th anniversary of Warsaw uprising

Poland marks 60th anniversary of Warsaw uprising

Leaders from the United States, Britain and their wartime foe Germany reached out to Poland on Sunday at commemorations of the doomed Warsaw uprising against the Nazis which started exactly 60 years ago.
Published 02 Aug, 2004 12:00am
New York and Washington on alert for possible attacks

New York and Washington on alert for possible attacks

US authorities ordered increased security in New York and Washington after warning that Osama bin Laden's al Qaeda network may be planning new attacks on financial and corporate targets in the two cities.
Published 02 Aug, 2004 12:00am
Over 90 percent of Afghan voters registered

Over 90 percent of Afghan voters registered

More than 90 percent of estimated eligible voters have registered to cast their ballots in Afghanistan's first presidential elections in October, the United Nations said here Sunday.
Published 02 Aug, 2004 12:00am
Europeans report 'no progress' in nuclear talks with Iran

Europeans report 'no progress' in nuclear talks with Iran

Talks the European Union's "big three" held with Iran last week on its nuclear programme produced "no substantial progress" in efforts to restrict the Islamic republic's activities, EU diplomats said Sunday.
Published 02 Aug, 2004 12:00am
Rwanda to probe French role in 1994 genocide

Rwanda to probe French role in 1994 genocide

The central African state of Rwanda is to investigate France's alleged role in genocide there 10 years ago in which the United Nations estimates 800,000 people died, the Rwandan government said Sunday.
Published 02 Aug, 2004 12:00am
West Bank on verge of unprecedented chaos

West Bank on verge of unprecedented chaos

Palestinian leaders warned the West Bank was on the verge of unprecedented chaos as thousands of demonstrators showed their support Sunday for militants who attacked the offices here of the security services and local governor.
Published 02 Aug, 2004 12:00am
US military releases 126 Iraqi prisoners

US military releases 126 Iraqi prisoners

The US military freed 126 Iraqi prisoners Sunday as it seeks to expedite the process of releasing or putting on trial the estimated 5,000 detainees held in the two biggest US-run prisons in the country.
Published 02 Aug, 2004 12:00am
China again warns Taiwan over independence

China again warns Taiwan over independence

China's defence minister marked Army Day on Sunday by pledging the 2.5-million-strong military could crush any attempt at independence by Taiwan, echoing a tough message from his president to US President George W. Bush.
Published 02 Aug, 2004 12:00am
Muslim troops should replace US in Iraq: Saudi Arabia

Muslim troops should replace US in Iraq: Saudi Arabia

Saudi Arabia said on Sunday that any Muslim and Arab deployment to Iraq must have Iraqi consensus, operate under a United Nations umbrella and replace US-led coalition forces in the war-torn country.
Published 02 Aug, 2004 12:00am
Foreign forces harm ancient Iraqi ruins: minister

Foreign forces harm ancient Iraqi ruins: minister

Foreign forces in Iraq have caused severe damage to the site of ancient Babylon, one of the world's most renowned archaeological treasures, and need to leave the area as soon as possible, Iraq's culture minister said Sunday.
Published 02 Aug, 2004 12:00am
Eurostock investors to focus on banks results

Eurostock investors to focus on banks results

Banks top the European earnings calendar this week and the interest rate sensitive sector will also be on red alert for fresh clues on how fast borrowing costs could rise as balance sheets already feel the pinch.
Published 02 Aug, 2004 12:00am
UK gilts braced for August rate hike

UK gilts braced for August rate hike

British government bonds enter this week fully pricing in a quarter point rate hike by the Bank of England, which most economists are expecting amid ample signs that the economy is steaming ahead.
Published 02 Aug, 2004 12:00am
UK gilts braced for August rate hike

UK gilts braced for August rate hike

British government bonds enter this week fully pricing in a quarter point rate hike by the Bank of England, which most economists are expecting amid ample signs that the economy is steaming ahead.
Published 02 Aug, 2004 12:00am
Japanese Credit Saison to sell securities

Japanese Credit Saison to sell securities

Japanese consumer credit company Credit Saison is to begin selling shares and other securities in a joint venture with online brokerage Monex Inc, the Nihon Keizai Shimbun said on Sunday.
Published 02 Aug, 2004 12:00am
Japanese Credit Saison to sell securities

Japanese Credit Saison to sell securities

Japanese consumer credit company Credit Saison is to begin selling shares and other securities in a joint venture with online brokerage Monex Inc, the Nihon Keizai Shimbun said on Sunday.
Published 02 Aug, 2004 12:00am
Banks hold key to FTSE-100 rally

Banks hold key to FTSE-100 rally

Britain's leading shares could resume their short but powerful rally this week if a slew of earnings reports, dominated by financial firms, continues a recent positive UK trend, market watchers say.
Published 02 Aug, 2004 12:00am
Indian shares may rise further

Indian shares may rise further

India's benchmark Bombay share index is seen rising further this week on an improved monsoon outlook and in expectation of robust monthly sales numbers from auto and cement makers.
Published 02 Aug, 2004 12:00am
US stocks: investors await fresh economic data

US stocks: investors await fresh economic data

Wall Street may get some relief this week, as investors await fresh insight on the health of the US economy. But the market is still facing some major head winds, with oil prices surging and the race for the White House heating up.
Published 02 Aug, 2004 12:00am
Taiwan stocks seen up after TSMC's upbeat forecast

Taiwan stocks seen up after TSMC's upbeat forecast

Taiwan stocks are expected to move higher this week, edging away from a near 1-year low, as sentiment improves after heavyweight TSMC posted record quarterly profits and gave a surprisingly bullish forecast.
Published 02 Aug, 2004 12:00am
Terra Firma in bid for United Utilities unit

Terra Firma in bid for United Utilities unit

British financier Guy Hands's Terra Firma is among the leading bidders for the 80-million-pound ($145 million) renewable business of Britain's United Utilities, the Sunday Telegraph reported.
Published 02 Aug, 2004 12:00am
Major Asian currencies fall against US dollar

Major Asian currencies fall against US dollar

The yen led major Asian currencies in an across the board drop against the dollar last week amid uncertainties over oil prices and growing optimism for the US economy which has bolstered the greenback.
Published 02 Aug, 2004 12:00am
Tokyo market in range ahead of US data and IPO

Tokyo market in range ahead of US data and IPO

The Tokyo stock market will remain in a tight range this week as concern lingers over the technology sector's earnings and the outlook for the United States' economy, but buying in selective blue chips might provide support.
Published 02 Aug, 2004 12:00am
First foreign baht bonds timeframe extended

First foreign baht bonds timeframe extended

Thailand has extended the timeframe for issuing 12 billion baht ($292 million) of domestic currency bonds by three multilateral lending agencies to December from September, a Finance Ministry source recently said.
Published 02 Aug, 2004 12:00am
First foreign baht bonds timeframe extended

First foreign baht bonds timeframe extended

Thailand has extended the timeframe for issuing 12 billion baht ($292 million) of domestic currency bonds by three multilateral lending agencies to December from September, a Finance Ministry source recently said.
Published 02 Aug, 2004 12:00am
Hong Kong stocks seen range-bound on earnings

Hong Kong stocks seen range-bound on earnings

Hong Kong stocks are likely to make a subdued start to the week, moving in a tight range, as investors digest recent poor earnings and await Monday's first-half results from the city's largest bank.
Published 02 Aug, 2004 12:00am
Cairo bourse climbs with cements in focus

Cairo bourse climbs with cements in focus

Egyptians shares climbed in quiet trade on Sunday with investor attention focused on cement companies in the hope the new cabinet will encourage the privatisation of the sector, traders said.
Published 02 Aug, 2004 12:00am
Egypt interbank rate falls

Egypt interbank rate falls

The median overnight interbank rate on the Egyptian pound fell to 2-1/4 percent on Sunday from seven percent on Thursday as demand dropped towards the end of a central bank period for measuring reserves, traders said.
Published 02 Aug, 2004 12:00am
Iran agrees crude swap framework with Iraq

Iran agrees crude swap framework with Iraq

Iran has worked out a framework for a long-proposed crude swap with Iraq, but at half the volume suggested last year, Iran's Deputy Foreign Minister Mohammad Hossein Adeli was quoted as saying on Sunday.
Published 02 Aug, 2004 12:00am
European nations laud WTO deal, China complains

European nations laud WTO deal, China complains

European economic giants Germany, Britain and France warmly welcomed a deal on Sunday to salvage world trade talks but China complained developing countries were not satisfied and an environmental group hit at "empty promises".
Published 02 Aug, 2004 12:00am
Germany braces for wrath of the jobless

Germany braces for wrath of the jobless

German dole offices are bracing for Chancellor Gerhard Schroeder's toughest package of cutbacks to date, with some turning to armed security guards to confront enraged job seekers.
Published 02 Aug, 2004 12:00am
US auto-part makers prefer Honda and Toyota

US auto-part makers prefer Honda and Toyota

US auto parts makers are shifting their loyalties to Japanese auto-makers and away from the domestic Big Three as relationships with Detroit steadily deteriorate, according to a new study.
Published 02 Aug, 2004 12:00am
Hong Kong economic growth slows in July

Hong Kong economic growth slows in July

Hong Kong's business activity expanded in July at a slower but still solid pace, underpinned by robust growth in new orders, the Purchasing Managers' Index (PMI) showed on Monday.
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
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
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
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
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
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
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
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
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