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Print - 2004-08-06
Israel plans settlement expansion

Israel plans settlement expansion

Israel has begun work on a major expansion of its biggest West Bank settlement in a move certain to draw concern from a visiting White House envoy on Thursday, officials said.
Published 06 Aug, 2004 12:00am
Two arrested in New York mosque raid

Two arrested in New York mosque raid

Two people were arrested in a raid on an Albany, New York mosque late Wednesday, following a sting operation involving the attempted purchase of a shoulder-fired missile, US media reported Thursday.
Published 06 Aug, 2004 12:00am
US company clones copy cats

US company clones copy cats

Two cloned kittens have been born using a new cloning method that may be safer and more efficient than traditional methods, a US company said on Thursday.
Published 06 Aug, 2004 12:00am
Malaysian postman kept 21,000 letters undelivered

Malaysian postman kept 21,000 letters undelivered

A Malaysian postman kept 21,000 letters undelivered for up to four years in a room of his house, newspapers said on Thursday. Police were now searching for the missing man.
Published 06 Aug, 2004 12:00am
52 killed as Yemeni army and rebels clash

52 killed as Yemeni army and rebels clash

Thirty-four soldiers and 18 militants were killed in 24 hours as the military battled its way through a key stronghold of a rebel Muslim preacher in north-west Yemen, military and medical sources said Thursday.
Published 06 Aug, 2004 12:00am
Sri Lanka offers veils for Muslim schoolgirls

Sri Lanka offers veils for Muslim schoolgirls

The Sri Lankan government Thursday said minority Muslim schoolgirls had a choice whether to cover their faces after the state decided to give them free veils as part of their uniforms.
Published 06 Aug, 2004 12:00am
15 killed as 'helicopter crashes in Siberia

15 killed as 'helicopter crashes in Siberia

A helicopter crashed in Russia on Thursday killing all 15 people aboard, and initial reports said it had been on patrol with a contingent of firemen searching for forest fires.
Published 06 Aug, 2004 12:00am
Malaysia places conditions for Muslim force in Iraq

Malaysia places conditions for Muslim force in Iraq

Malaysia on Thursday laid down conditions for the deployment of a proposed Muslim peacekeeping force to Iraq, saying they must be accepted by all Iraqi people and operate separately from the US-led multinational force.
Published 06 Aug, 2004 12:00am
US opens up Guantanamo tribunals for first time

US opens up Guantanamo tribunals for first time

With his feet shackled to the floor and his wrists bound, an Afghan 'war on terror' detainee on Thursday got a chance to ask whether he would ever be released from the Guantanamo Bay US detention camp.
Published 06 Aug, 2004 12:00am
Indian protest against terror law turns violent

Indian protest against terror law turns violent

Police in India's north-east fired tear gas shells at protesters and detained lawmakers and students who tried to defy a curfew on Thursday in support of demands to withdraw an anti-terror law.
Published 06 Aug, 2004 12:00am
Bush signs $400 billion military spending bill

Bush signs $400 billion military spending bill

US President George W. Bush on Thursday signed a 400-billion-dollar military spending bill that funds efforts in Afghanistan and Iraq, gives US forces a pay raise, and includes monies for missile defence.
Published 06 Aug, 2004 12:00am
Duma removes Soviet-style social benefits

Duma removes Soviet-style social benefits

Russia's parliament took an axe to one of the last vestiges of the Soviet Union's cradle to grave welfare system on Thursday, voting to replace benefits such as free transport for millions with cash handouts.
Published 06 Aug, 2004 12:00am
Fiji's vice president found guilty over 2000 coup

Fiji's vice president found guilty over 2000 coup

Fiji's Vice President Jope Seniloli and five others were Thursday found guilty of offences linked to a coup in 2000 and face sentences of up to life imprisonment.
Published 06 Aug, 2004 12:00am
Don't dig wells, geologists warn Lithuanian village

Don't dig wells, geologists warn Lithuanian village

Geologists on Thursday warned residents of a small Lithuanian village to refrain from digging wells or risk bursting one of a series of freak deadly carbon monoxide gas pockets that had been discovered underground.
Published 06 Aug, 2004 12:00am
Breakaway Georgian region vows to fight aggressors

Breakaway Georgian region vows to fight aggressors

The foreign minister of Georgia's breakaway Abkhazia region vowed defiance on Thursday in the face of a threat by Georgian President Mikhail Saakashvili to fire on ships entering Abkhazian waters.
Published 06 Aug, 2004 12:00am
Japan to provide food aid to North Korea as talks near

Japan to provide food aid to North Korea as talks near

Japan will provide North Korea with food aid and some $7 million worth of medical supplies, officials said on Thursday, as the two countries prepared to hold talks soon on the fate of Japanese abducted by Pyongyang decades ago.
Published 06 Aug, 2004 12:00am
Israeli military edge to suffer if budget cut: army

Israeli military edge to suffer if budget cut: army

Israel's military edge may suffer if the government slashes its budget by hundreds of millions of dollars and cuts off funds needed to develop new weapons systems, a senior military official said on Thursday.
Published 06 Aug, 2004 12:00am
Nine feared dead in French school fire

Nine feared dead in French school fire

Seven teenagers and two adults were believed to have died Thursday when a fire swept through a riding school in the Savoie department of south-east France overnight, police said.
Published 06 Aug, 2004 12:00am
Russia prepares for military exercise in Kyrgyzstan

Russia prepares for military exercise in Kyrgyzstan

Russia's Defence Minister Sergei Ivanov held talks in Kyrgyzstan on Thursday amid preparations for a four-nation military exercise in the Central Asian country involving Russian special forces and aircraft, Kyrgyz media said.
Published 06 Aug, 2004 12:00am
Sistani has heart problems

Sistani has heart problems

Iraq's top Shia cleric, Grand Ayatollah Ali al-Sistani, has heart trouble and is being treated by a team of specialists, one of his aides said on Thursday.
Published 06 Aug, 2004 12:00am
Saudi reformists cautiously welcome municipal elections

Saudi reformists cautiously welcome municipal elections

Saudi Arabia's announcement that landmark municipal polls would start in November was welcomed by reformists Thursday as an overdue step towards political participation, though one voiced concern that "lack of preparation" might force a delay.
Published 06 Aug, 2004 12:00am
Sri Lankan government unclear on peace talks agenda

Sri Lankan government unclear on peace talks agenda

A decision by Sri Lanka's president to quit as leader of the ruling alliance could be a goodwill gesture towards Tamil rebels, analysts said on Thursday, but the government's position on peace talks remained murky.
Published 06 Aug, 2004 12:00am
Ugandan former president falls in love on the Internet

Ugandan former president falls in love on the Internet

Former Ugandan president Godfrey Binaisa, 84, has fallen in love and married in a mass wedding Japanese woman Tomoko Yamamoto, whom he has only met through the Internet, Binaisa said on Thursday.
Published 06 Aug, 2004 12:00am
Gold softens in Europe

Gold softens in Europe

Gold prices danced again to the tune of the dollar on Thursday in Europe, as financial markets awaited key US payrolls data due to be released on Friday.
Published 06 Aug, 2004 12:00am
US MIDDAY: cocoa futures slide on weather forecasts

US MIDDAY: cocoa futures slide on weather forecasts

NYBOT cocoa futures were knocked down Thursday by forecasts for rain in cocoa-rich Ivory Coast, where a two-month dry spell has stirred concerns about the growth of crops, traders said.
Published 06 Aug, 2004 12:00am
World oil rebounds to record highs

World oil rebounds to record highs

World oil prices rebounded to record highs on Thursday after the Russian government barred oil major Yukos from access to its bank accounts, threatening its ability to continue exports.
Published 06 Aug, 2004 12:00am
World oil rebounds to record highs

World oil rebounds to record highs

World oil prices rebounded to record highs on Thursday after the Russian government barred oil major Yukos from access to its bank accounts, threatening its ability to continue exports.
Published 06 Aug, 2004 12:00am
US oil pauses from slide, sticks close to $43 per barrel

US oil pauses from slide, sticks close to $43 per barrel

US oil prices held steady on Thursday, hovering close to $43 a barrel despite the previous day's sharp fall as concerns eased over any imminent disruption to already stretched global supplies.
Published 06 Aug, 2004 12:00am
London cocoa softens

London cocoa softens

London cocoa futures closed lower on Thursday, recovering above support levels after fears that a technical sell-off in the day's coffee market would spread to cocoa proved unfounded, dealers said.
Published 06 Aug, 2004 12:00am
London coffee at 21-month low

London coffee at 21-month low

London coffee futures tumbled to a 21-month low on Thursday in the most active trading session in about a month, sparking market talk that a large investor is shedding its long position.
Published 06 Aug, 2004 12:00am
New York cotton futures settle higher

New York cotton futures settle higher

NYBOT cotton futures settled higher Thursday on speculative and options-related buying although steady rounds of trade sales served to cap the markets advance, dealers said.
Published 06 Aug, 2004 12:00am
London sugar closes lower

London sugar closes lower

London white sugar futures closed down on speculator profit taking in slim turnover on Thursday and appeared to take a breather after a recent fund-driven rally, traders said.
Published 06 Aug, 2004 12:00am
WTO ruling squeezes EU into corner on sugar reform

WTO ruling squeezes EU into corner on sugar reform

The European Commission may be forced to tweak plans for shaking up EU sugar policy to reflect a rebuke handed down by a world trade panel that attacks its elaborate and lavish subsidy system, diplomats said on Thursday.
Published 06 Aug, 2004 12:00am
US MIDDAY: sugar lower on speculative covering

US MIDDAY: sugar lower on speculative covering

Speculative fund sales nudged NYBOT raw sugar futures to an easier finish Thursday, although trade and speculative covering pared the markets losses, brokers said.
Published 06 Aug, 2004 12:00am
Rains, end to war to boost Burundi coffee

Rains, end to war to boost Burundi coffee

Favourable weather and reduced fighting could boost Burundi's coffee production to 37,000 tonnes worth about $40 million this year from 5,600 tonnes valued at $6.5 million in 2003, an official said on Thursday.
Published 06 Aug, 2004 12:00am
Dollar steadies against euro in London

Dollar steadies against euro in London

The dollar held steady against the euro on Thursday as investors remained reluctant to make big bets ahead of key US jobs data on Friday, while the yen weakened on the back of persistent oil price concerns.
Published 06 Aug, 2004 12:00am
Pound eases after BoE's decision

Pound eases after BoE's decision

Sterling eased on Thursday after the Bank of England delivered its fifth interest rate rise in less than a year but hinted it may not step so hard on the monetary brake in the future.
Published 06 Aug, 2004 12:00am
FTSE-100 ekes out small gain as banks, utilities rise

FTSE-100 ekes out small gain as banks, utilities rise

Strength in the banking sector, including Barclays following forecast-beating results, and rising utilities stocks steered Britain's leading share index back on an upward path on Thursday.
Published 06 Aug, 2004 12:00am
General Motors bonds widen on ratings downgrade fear

General Motors bonds widen on ratings downgrade fear

Rumours that a credit ratings downgrade may be on the way for US car maker General Motors pushed its bond spreads wider in the European corporate bond market on Thursday, while elsewhere credit traded mixed in thin volumes.
Published 06 Aug, 2004 12:00am
General Motors bonds widen on ratings downgrade fear

General Motors bonds widen on ratings downgrade fear

Rumours that a credit ratings downgrade may be on the way for US car maker General Motors pushed its bond spreads wider in the European corporate bond market on Thursday, while elsewhere credit traded mixed in thin volumes.
Published 06 Aug, 2004 12:00am
Seoul shares higher

Seoul shares higher

Seoul shares closed nearly 2 percent higher on Thursday as foreign and institutional investors snapped up hard-hit technology issues after a dip in oil prices eased concerns about a fragile economic recovery.
Published 06 Aug, 2004 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks jumped 2 percent on Thursday as bargain hunters actively entered the market when the index hit a 1-year intraday low, looking for cheap valuations in major technology issues and helping to lift overall sentiment.
Published 06 Aug, 2004 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US stocks fell on Thursday after oil prices hit a new record for the fifth consecutive trading session, leaping further above $44 a barrel as supply concerns intensified.
Published 06 Aug, 2004 12:00am
Indian shares rise

Indian shares rise

Indian shares rebounded smartly to a 12-week closing high on Thursday as investors cheered a slight easing in global oil prices and reports that monsoon rains had finally started to reach parched areas of the country.
Published 06 Aug, 2004 12:00am
Zafar made Hamdard University Chancellor

Zafar made Hamdard University Chancellor

Prominent lawyer and Chairman Human Rights Society of Pakistan, Senator S.M. Zafar has been appointed as Chancellor of Hamdard University.
Published 06 Aug, 2004 12:00am
Iran annual inflation rate slips

Iran annual inflation rate slips

Iran's annual consumer price inflation rate fell slightly to 14.1 percent in the year to June 20, leaving price rises hovering just above the government's target, central bank figures showed on Thursday.
Published 06 Aug, 2004 12:00am
Suspects plotting to kill Pakistani envoy held in US

Suspects plotting to kill Pakistani envoy held in US

The FBI raided an Albany, New York, mosque on Thursday and arrested its founder and imam in a sting operation involving money laundering, a shoulder-fired missile and a fake plot to kill the Pakistani ambassador.
Published 06 Aug, 2004 12:00am
Suspects plotting to kill Pakistani envoy held in US

Suspects plotting to kill Pakistani envoy held in US

The FBI raided an Albany, New York, mosque on Thursday and arrested its founder and imam in a sting operation involving money laundering, a shoulder-fired missile and a fake plot to kill the Pakistani ambassador.
Published 06 Aug, 2004 12:00am
Few soldiers hurt in clashes in tribal areas: ISPR

Few soldiers hurt in clashes in tribal areas: ISPR

Director-General Inter-Services Public Relations (ISPR) Major General Shaukat Sultan on Thursday confirmed a clash between the security forces and miscreants in tribal areas, injuring a few soldiers. "The miscreants resorted to unprovoked firing on the se
Published 06 Aug, 2004 12:00am
Issuance of IT exemption certificate, refund in 24 hours

Issuance of IT exemption certificate, refund in 24 hours

Commissioner Income Tax Companies Zone Peshawar, Javid Athar on Thursday assured Sarhad Chamber of Commerce & Industry (SCCI) that the issuance of the Income Tax exemption certificate and payment of the refund would be ensured to industrialists and trader
Published 06 Aug, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (August 05, 2004).
Published 06 Aug, 2004 12:00am
7th Gold Medal Awards 2002-03: Siraj demands convening of NFC meeting

7th Gold Medal Awards 2002-03: Siraj demands convening of NFC meeting

Senior minister Siraj-ul-Haq has demanded of the federal government to immediately convene a meeting of the National Finance Commission (NFC) to resolve the matter of the NFC Award, saying that the interim decision taken by the government was not a right
Published 06 Aug, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (August 05, 2004).
Published 06 Aug, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (August 05, 2004).
Published 06 Aug, 2004 12:00am
Jirga rejects levy of CED and TV license

Jirga rejects levy of CED and TV license

A grand Jirga comprising of the public representatives of Malakand division including MNAs, senators, MPAs, district nazims, representatives of different political parties, industrialists and traders have rejected the levy of TV license and Central Excise
Published 06 Aug, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (August 05, 2004).
Published 06 Aug, 2004 12:00am
Shujaat reviews Defamation Ordinance 2002

Shujaat reviews Defamation Ordinance 2002

Prime Minister Chaudhry Shujaat Hussain reviewed the proposed amendments in the Defamation Ordinance 2002 in a meeting held at the Prime Minister Secretariat here on Thursday.
Published 06 Aug, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (August 05, 2004).
Published 06 Aug, 2004 12:00am
Faisal rules out handing over of captured al Qaeda men

Faisal rules out handing over of captured al Qaeda men

Ruling out the handing over of captured al-Qaeda men to any other country, Interior Minister Faisal Saleh Hayat said that Pakistani security agencies are interrogating the terrorists who were captured from Punjab during operations.
Published 06 Aug, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (August 05, 2004).
Published 06 Aug, 2004 12:00am
Over 4,00,000 small investors benefited from IPOs

Over 4,00,000 small investors benefited from IPOs

Over 4,00,000 small subscribers to the initial public offers of the government stakes have benefited from the liberal and peoples' friendly privatisation policies of the government.
Published 06 Aug, 2004 12:00am
Contractor asked to complete Judicial Complex in two months

Contractor asked to complete Judicial Complex in two months

The Works & Development Directorate of Capital Development Authority (CDA) has warned the contractor, Hasnain & Co, to complete the construction of project of Judicial Complex costing Rs 400 million within two months, sources told Business Recorder </i
Published 06 Aug, 2004 12:00am
PTI to approach VCOAS for release of army officials

PTI to approach VCOAS for release of army officials

Pakistan Tehrik-e-Insaf (PTI) has announced it will approach military's top brass to intervene for the release of army officials 'illegally' detained for the last 18 months.
Published 06 Aug, 2004 12:00am
Speakers resent execution of Lyari Expressway project

Speakers resent execution of Lyari Expressway project

The Lyari Expressway project is being carried out in gross violation of people's fundamental and constitutional rights. National Highway Authority (NHA) has nothing to do with the welfare of public and is working only to appease the army.
Published 06 Aug, 2004 12:00am
SECP penalises two firms for rules violation

SECP penalises two firms for rules violation

The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties on two companies for failure to prepare and circulate quarterly accounts within prescribed time.
Published 06 Aug, 2004 12:00am
Musharraf to be briefed on aid to Kabul, domestic projects

Musharraf to be briefed on aid to Kabul, domestic projects

President Pervez Musharraf has directed the Planning Commission and other relevant authorities to speed up the process of providing assistance to Afghanistan for reconstruction and that he should be given a detailed briefing on August 10 on the issue.
Published 06 Aug, 2004 12:00am
NDLC-IFIC Bank assigned A-, A2 ratings

NDLC-IFIC Bank assigned A-, A2 ratings

The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of 'A-' (Single A minus) and a short-term rating of 'A2' (A two) to the NDLC-IFIC Bank Limited. The ratings are applicable to the senior unsecured creditors (depositors) of the bank
Published 06 Aug, 2004 12:00am
Pak Oman board approves half-yearly results

Pak Oman board approves half-yearly results

The Board of Pak Oman Investment Company on Thursday approved the financial statements for the half year ended June 30, 2004, registering a profit before tax of Rs 193 million ($3.3 million).
Published 06 Aug, 2004 12:00am
Pak Oman board approves half-yearly results

Pak Oman board approves half-yearly results

The Board of Pak Oman Investment Company on Thursday approved the financial statements for the half year ended June 30, 2004, registering a profit before tax of Rs 193 million ($3.3 million).
Published 06 Aug, 2004 12:00am
Voluntary tax payment: Senate body lauds role of LTU

Voluntary tax payment: Senate body lauds role of LTU

The Senate Standing Committee has lauded the role of the Large Taxpayer Unit (LTU) for inculcating a habit of voluntary tax payment among the taxpayers and stressed the need for extending the system to other tax departments.
Published 06 Aug, 2004 12:00am
Paknet to launch DSL service in 15 cities

Paknet to launch DSL service in 15 cities

Paknet, an Internet Service Provider (ISP), is all set to launch Digital Subscribes Line (DSL) service in 15 different cities in next couple of months.
Published 06 Aug, 2004 12:00am