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Print - 2004-08-06
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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 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
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
US MIDDAY: wheat surges on export sales report

US MIDDAY: wheat surges on export sales report

Soft red winter (SRW) wheat futures at the Chicago Board of Trade were mostly higher at mid-morning on Thursday, boosted by strength in CBOT soybeans and corn and floor talk that China may have bought US wheat, traders said.
Published 06 Aug, 2004 12:00am
US MIDDAY: corn firmer on export sales report

US MIDDAY: corn firmer on export sales report

Chicago Board of Trade corn futures were firm early on Thursday, with support stemming from the export sector and amid spill-over from a strong rally in soybeans, pit sources said.
Published 06 Aug, 2004 12:00am
US MIDDAY: copper trims gains on jobless claims report

US MIDDAY: copper trims gains on jobless claims report

COMEX copper prices launched a steep advance at the open to mirror London copper, then pulled back to post more modest gains when the dollar rose in reaction to a healthy US jobless claims report, traders said.
Published 06 Aug, 2004 12:00am
US MIDDAY: gold sluggish on unemployment report

US MIDDAY: gold sluggish on unemployment report

COMEX gold was slightly submerged Thursday morning, struggling to paddle in place before Fridays July US unemployment report, which could influence the Federal Reserves decision next week on raising interest rates again.
Published 06 Aug, 2004 12:00am
Strict ban on politicking in Fata ordered

Strict ban on politicking in Fata ordered

Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) has directed the political authorities to ensure enforcement of ban on politicking in Fata.
Published 06 Aug, 2004 12:00am
President and Prime Minister greet Zayed

President and Prime Minister greet Zayed

President General Pervez Musharraf has sent a message of greetings to UAE President and Abu Dhabi Ruler Sheikh Zayed Bin Sultan Al-Nahayan on the 38th anniversary of his accession to the throne of Abu Dhabi being celebrated on August 6.
Published 06 Aug, 2004 12:00am
Japanese ambassador calls on Ghauri

Japanese ambassador calls on Ghauri

Japanese Ambassador, Minoru Shibiuya on Thursday called on Minister for Communications, Senator Baber Khan Ghauri and discussed matters of mutual interest and co-operation especially in the communication sector.
Published 06 Aug, 2004 12:00am
Another free IT centre to open on August 8

Another free IT centre to open on August 8

The second free Information Technology (IT) awareness centre will be inaugurated at Eidgah Ground at Pak Colony here on Sunday, August 8.
Published 06 Aug, 2004 12:00am
Donors urged to finance major initiatives of trade policy

Donors urged to finance major initiatives of trade policy

Pakistan has urged international donors to finance major initiatives of Trade Policy 2004-03, including establishment of communication city, promotion of garment sector, export of horticulture products, export of pharmaceutical products, etc.
Published 06 Aug, 2004 12:00am
Allottees of Scheme-42 to get plots forthwith

Allottees of Scheme-42 to get plots forthwith

The handing over of the plots to allottees of Hawksbay Scheme-42 under Lyari Development Project will start forthwith and all possible steps will be taken for providing basic necessities in all sectors of the scheme.
Published 06 Aug, 2004 12:00am
Rs 1,500 prize bond draw on August 16

Rs 1,500 prize bond draw on August 16

The 19th draw of Rs 1,500 denomination prize bonds will be held here at State Bank of Pakistan on Monday, August 16 under the auspices of Regional Directorate of National Savings. Dr Inamul Haq Kausar will preside over the draw.
Published 06 Aug, 2004 12:00am
NFC production up 11.9 percent

NFC production up 11.9 percent

The National Fertiliser Corporation (NFC) has produced 1,315,887 tons of various varieties of fertiliser during the last fiscal as compared to 1,176,036 tons produced during the same period previous year, showing an increase of 11 percent.
Published 06 Aug, 2004 12:00am
Buzdar clan demands jobs in PAEC plant

Buzdar clan demands jobs in PAEC plant

Thousands of member of Buzdar clan on Wednesday blocked the way leading to Pakistan Atomic Energy Commission's uranium enrichment plant in Taunsa, some 100 miles north-west of Multan.
Published 06 Aug, 2004 12:00am
Maritime museum

Maritime museum

I visited the maritime museum with my family on the night of July 31, 2004 at 8.00. I parked my car outside the museum; the parking attendant came and issued the parking ticket No 8360 to me.
Published 06 Aug, 2004 12:00am
High electricity rates

High electricity rates

Industries at the Winder Industrial and Trading Estate are provided electricity by the Lasbella Industrial Development Authority (LIEDA), which buys electricity from KESC in bulk and distributes it to the industries of Winder Industrial Estate and the Hub
Published 06 Aug, 2004 12:00am
Holidays just a dream for children in Baghdad

Holidays just a dream for children in Baghdad

Nikha, a 10-year-old schoolgirl living in central Baghdad, can only dream about frittering away her holidays by the swimming pool or running free in a playground.
Published 06 Aug, 2004 12:00am
Stock exchange, a withholding tax agent

Stock exchange, a withholding tax agent

Finance Minister Shaukat Aziz in his budget 2004-05 speech said that the daily turnover of shares on the stock exchange is around Rs 70 billion but the capital gains arising out of such shares are exempt from the levy of income tax until tax year 2007.
Published 06 Aug, 2004 12:00am
Harmful trading practices

Harmful trading practices

It has long been known that unscrupulous export practices as well as unimaginative marketing techniques are part of the reason why our export sector has failed to perform at the expected level. An idea of how bad things are in this sphere can be had from
Published 06 Aug, 2004 12:00am
Making mockery of tax audit

Making mockery of tax audit

According to a circular issued by the Central Board of Revenue (CBR), the returns of non-corporate taxpayers selected for total audit, would not be audited provided they are willing to pay 20 percent more than what they had paid on self-assessment.
Published 06 Aug, 2004 12:00am
PUJ condemns threat to journalist

PUJ condemns threat to journalist

Punjab Union of Journalists (PUJ) President Bakhtgir Chaudhry has said that local administration of a news agency has committed contempt of court by threatening and stopping its bureau chief from performing his professional duties.
Published 06 Aug, 2004 12:00am
CPNE meeting on August 12

CPNE meeting on August 12

Senior Vice President, Council of Pakistan Newspapers Editors (CPNE), Altaf Hasan Qureshi has arranged the standing committee meeting on August 12, at 11:30, at Holiday Inn, Islamabad.
Published 06 Aug, 2004 12:00am
10 tonnes hashish seized, 4 held

10 tonnes hashish seized, 4 held

Anti Narcotics Force (ANF), Punjab, with the assistance of Special Investigation Cell (SIC), ANF Islamabad, has busted an international gang of drug traffickers and recovered about 10 tonnes of supreme quality charas from their possession.
Published 06 Aug, 2004 12:00am
Veterinary officials of NWFP get training at UVAS

Veterinary officials of NWFP get training at UVAS

The University of Veterinary and Animal Sciences (UVAS), Lahore, is focusing on research and practical application of knowledge in the field of animal sciences for the uplift of farmers as a result of government's policies.
Published 06 Aug, 2004 12:00am
Cotton crop estimates for 2004-05 termed pretentious

Cotton crop estimates for 2004-05 termed pretentious

The growers in a cotton crop management committee meeting, held in Karachi on Thursday, termed Provincial Food and Agriculture Minister Arif Mustafa Jatoi's cotton crop estimates for 2004-05 as pretentious.
Published 06 Aug, 2004 12:00am
Karachiites to pay exorbitant price for atta

Karachiites to pay exorbitant price for atta

The people of Karachi will continue to pay highest price for the staple food in the country even after the release of 25,000 tonnes of subsidised wheat to city flour mills and Chakkies.
Published 06 Aug, 2004 12:00am
Changes in bar act opposed

Changes in bar act opposed

Proposed amendments to the Legal Practitioners and Bar Acts 1973, which would empower superior judges to discipline lawyers, was clearly an attempt to rein in the lawyers who have opposing constitutional changes and the establishment's intervention in the
Published 06 Aug, 2004 12:00am
Training seminar for jewellery industry on August 13

Training seminar for jewellery industry on August 13

Lahore Chamber of Commerce & Industry (LCCI), in collaboration with Small & Medium Enterprises Development Authority (Smeda), Export Promotion Bureau (EPB) and National Productivity Organisation (NPO), will hold a one-day training seminar on August 13, fo
Published 06 Aug, 2004 12:00am
PPCBL to disburse Rs 8 billion loans this year

PPCBL to disburse Rs 8 billion loans this year

Keeping in view past year's performance of the Punjab Provincial Co-operative Bank Limited (PPCBL) regarding issuance of agriculture loans, the State Bank of Pakistan (SBP) had a fixed a loan disbursement target of Rs 8 billion, Rs 500 million higher as c
Published 06 Aug, 2004 12:00am
'Provision of Sui gas to Muree to improve quality of life'

'Provision of Sui gas to Muree to improve quality of life'

Punjab Chief Minister, Chaudhry Pervaiz Elahi presiding a meeting here on Thursday has said that a project of Sui gas, costing Rs 200 million for Muree and its suburb areas would soon be implemented, which would result in conserving the forests and mainta
Published 06 Aug, 2004 12:00am
35 Bait-ul-Maal committees approved in Punjab

35 Bait-ul-Maal committees approved in Punjab

Punjab Chief Minister Chaudhry Pervaiz Elahi has approved 35 district Bait-ul-Maal committees giving representation to non-elected and non-political persons in order to ensure disbursement of funds to needy and deserving people in a transparent manner.
Published 06 Aug, 2004 12:00am
Jansher wants to bring son into squash

Jansher wants to bring son into squash

The squash legend Jansher Khan has said that he would train and coach his four-year old son and will try his best to establish him as a world class squash player.
Published 06 Aug, 2004 12:00am
PPA appoints chief election convenor

PPA appoints chief election convenor

Pakistan Pharmacists Association (PPA) and its Punjab chapter have unanimously appointed Mozammal Saeed Chaudhry as chief election convenor for holding elections of PPA for centre Punjab.
Published 06 Aug, 2004 12:00am
'PFC distribution formula ratio needs to be changed'

'PFC distribution formula ratio needs to be changed'

Ratio of distribution formula of Provincial Finance Commission (PFC) needs to be changed in the Second PFC Award from 80 percent based on population and 20 percent for undeveloped areas to 67:33, to cater to underdeveloped areas of the province.
Published 06 Aug, 2004 12:00am
Japan Bank helps improve water supply

Japan Bank helps improve water supply

A new water pumping station and Manghopir Filter Plant would become operational by January 2005 and the existing water supply capacity would increase to its maximum. A spokesman for the Karachi Water and Sewerage Board on Thursday said that the trial oper
Published 06 Aug, 2004 12:00am
The Weather

The Weather

The weather report on Thursday (August 05) and the forecast for Friday (August 06, 2004).
Published 06 Aug, 2004 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.
Published 06 Aug, 2004 12:00am
Prime Minister's goodwill gestures

Prime Minister's goodwill gestures

Prime Minister Chaudhry Shujaat Hussain has directed the Punjab government to declare village Gah in District Chakwal - birth place of Indian Prime Minister Manmohan Singh - as a model village as a gesture of goodwill to strengthen the ongoing peace proce
Published 06 Aug, 2004 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.
Published 06 Aug, 2004 12:00am
Independence Day illumination award

Independence Day illumination award

Information Minister Shaikh Rashid Ahmad on Thursday announced cash awards worth Rs200,000 for the best illumination on the Independence Day.
Published 06 Aug, 2004 12:00am
Key stock market movements at 1700 GMT on August 05

Key stock market movements at 1700 GMT on August 05

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 06 Aug, 2004 12:00am
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