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Print - 2004-08-07
Burundian parties sign power-sharing deal

Burundian parties sign power-sharing deal

The majority of Burundian parties early Friday signed a power sharing deal brokered by South African Deputy President Jacob Zuma to pave the way for elections in the central African nation which has been ravaged by war.
Published 07 Aug, 2004 12:00am
Israel reopens Gaza and Egypt border

Israel reopens Gaza and Egypt border

Israel's army reopened the border crossing between Egypt and the Gaza Strip on Friday, allowing 1,500 Palestinians to head home after being stuck on the Egyptian side for three weeks.
Published 07 Aug, 2004 12:00am
Four killed as plane crashes in Copenhagen

Four killed as plane crashes in Copenhagen

A tourist plane crashed into the sea off a beach full of swimmers and sunbathers near Copenhagen on Friday, killing all four people on board, police said.
Published 07 Aug, 2004 12:00am
Muslim tombs desecrated in France: ministry

Muslim tombs desecrated in France: ministry

Unknown attackers have daubed swastikas on 15 Muslim graves at a military cemetery in Strasbourg, north-east France, the interior ministry said on Friday.
Published 07 Aug, 2004 12:00am
Saudi Arabia captures top terror suspect

Saudi Arabia captures top terror suspect

Saudi authorities on Friday hailed a major blow against al Qaeda militants who spurned their conditional amnesty offer, announcing the capture of one of the kingdom's most wanted suspects.
Published 07 Aug, 2004 12:00am
Khatami accuses US of double standards in Iraq

Khatami accuses US of double standards in Iraq

Iranian President Mohammad Khatami Friday said the United States was using double standards in its war in Iraq and accused it of sparking interethnic conflict.
Published 07 Aug, 2004 12:00am
US embassy sections in New Delhi reopen

US embassy sections in New Delhi reopen

The United States visa, consular and immigration offices in the Indian capital, which had been shut for a day due to security fears, would function normally Friday, the embassy said in a statement.
Published 07 Aug, 2004 12:00am
UK passport smiles banned in fraud crackdown

UK passport smiles banned in fraud crackdown

The fight against terrorism has wiped the smile off the face of British passport holders. The UK Passport Service (UKPS) said on Friday it would forbid open-mouthed smiles on passport pictures, one of several rules introduced to comply with strict new US
Published 07 Aug, 2004 12:00am
Britain will always be enemy: Mugabe

Britain will always be enemy: Mugabe

Zimbabwe will always regard former colonial ruler Britain as an enemy, President Robert Mugabe said on Friday in a speech that also took a swipe at a leading clergyman who has been an outspoken critic of his government.
Published 07 Aug, 2004 12:00am
Bush refuses to set Iraq withdrawal timetable

Bush refuses to set Iraq withdrawal timetable

US President George W. Bush refused Friday to set a timetable for withdrawing the roughly 140,000 US forces from Iraq but warned that an immediate pull-out would lead to "mayhem and bloodshed."
Published 07 Aug, 2004 12:00am
Pound moves up against dollar

Pound moves up against dollar

Sterling leapt more than one percent against the dollar to two-week highs on Friday on weaker than expected US employment data, but under-performed the euro on doubts about the pace of future UK rate increases.
Published 07 Aug, 2004 12:00am
Dollar kills time ahead of key US jobs data

Dollar kills time ahead of key US jobs data

The dollar held steady against the euro on Friday as an apprehensive market waited to see if US July payrolls data later will fall short of forecasts and dampen expectations about the pace of US interest rate rises.
Published 07 Aug, 2004 12:00am
Indian stocks fall on inflation surge

Indian stocks fall on inflation surge

Indian shares and bonds fell on Friday after inflation spiked to a 3-1/2 year high, causing more concerns about interest rates rising off 30-year lows before the end of the year, which would choke off demand in the economy.
Published 07 Aug, 2004 12:00am
US Stocks: Friday's unofficial close

US Stocks: Friday's unofficial close

US stocks fell on Friday after a weak July jobs report sparked investors' fears about the strength of the US economic recovery, sending major stock indexes to new lows for the year.
Published 07 Aug, 2004 12:00am
European corporate bonds reverse early gains

European corporate bonds reverse early gains

European corporate bonds reversed earlier gains late on Friday as weaker than expected US employment numbers cast a shadow over prospects for an economic recovery.
Published 07 Aug, 2004 12:00am
European corporate bonds reverse early gains

European corporate bonds reverse early gains

European corporate bonds reversed earlier gains late on Friday as weaker than expected US employment numbers cast a shadow over prospects for an economic recovery.
Published 07 Aug, 2004 12:00am
Indian rupee recovers

Indian rupee recovers

The Indian rupee erased losses to end steady on Friday after the central bank sold dollars, soothing a market rattled by a steep surge in inflation.
Published 07 Aug, 2004 12:00am
Oil prices hit fresh record after US refinery fire

Oil prices hit fresh record after US refinery fire

Oil prices hit fresh records on Friday, climbing close to $45 after a fire at a big US refinery underlined the vulnerability of supplies at a time when global demand is accelerating at the fastest pace in more than 20 years.
Published 07 Aug, 2004 12:00am
Venezuela boosts probe on Japan cocoa exports

Venezuela boosts probe on Japan cocoa exports

Venezuela's government has agreed to toughen inspection and certification of its cocoa bean shipments after the discovery last month of higher than permitted levels of pesticide residue in one cargo to Japan, a top agriculture official said Friday.
Published 07 Aug, 2004 12:00am
Gold shoots up in Europe

Gold shoots up in Europe

Gold roared back to life in Europe on Friday afternoon, gaining two percent at its peak, after feeble growth in US July payrolls sank the dollar.
Published 07 Aug, 2004 12:00am
Storing US bumper corn crops to be mountainous headache

Storing US bumper corn crops to be mountainous headache

US farmers are expected to harvest a record-shattering corn crop this fall and a good portion will likely end up in huge piles on the ground until it finds a home, grain industry sources said this week.
Published 07 Aug, 2004 12:00am
London sugar closes higher

London sugar closes higher

London white sugar futures closed firmer on Friday after a quiet session in which locals were the main buyers, dealers said.
Published 07 Aug, 2004 12:00am
New York cotton settles easier

New York cotton settles easier

NYBOT cotton futures closed softer Friday on late speculative sales in thin business as many players were sidelined waiting for a key government report next week, dealers said.
Published 07 Aug, 2004 12:00am
London cocoa drops on fund selling

London cocoa drops on fund selling

London cocoa futures suffered a six percent drop on Friday, falling for a second session, as fund selling destroyed some of the market's recent rally, dealers said.
Published 07 Aug, 2004 12:00am
Liffe coffee ends firmer on technical rebound

Liffe coffee ends firmer on technical rebound

London coffee futures ended slightly firmer on Friday in what traders said was a weak technical rebound following the previous session's drop to a 21-month continuation low.
Published 07 Aug, 2004 12:00am
Lead and zinc drag LME complex lower at kerb

Lead and zinc drag LME complex lower at kerb

London Metal Exchange (LME) prices were mostly lower by Friday's kerb close, dragged down by lead and zinc responding to news of a smelter restart, traders said.
Published 07 Aug, 2004 12:00am
Oil eyes $45, nerves jangled by Yukos woes

Oil eyes $45, nerves jangled by Yukos woes

Oil prices hit record highs Friday, climbing close to $45 after a renewed threat to Russian oil major Yukos added to the strain on world supplies.
Published 07 Aug, 2004 12:00am
Oil eyes $45, nerves jangled by Yukos woes

Oil eyes $45, nerves jangled by Yukos woes

Oil prices hit record highs Friday, climbing close to $45 after a renewed threat to Russian oil major Yukos added to the strain on world supplies.
Published 07 Aug, 2004 12:00am
US MIDDAY: cocoa tumbles on speculative liquidation

US MIDDAY: cocoa tumbles on speculative liquidation

NYBOT front cocoa futures tumbled more than five percent in active trading Friday as funds unloaded long positions on favourable weather forecasts for Ivory Coast's mainstay crop, traders and analysts said.
Published 07 Aug, 2004 12:00am
US MIDDAY: sugar firmer on speculative fund buying

US MIDDAY: sugar firmer on speculative fund buying

NYBOT raw sugar futures ended with slight gains Friday on speculative fund buying in thin trade, with the market seen retaining its firm tone due to bullish fundamentals and possibly probing its recent highs in the weeks ahead, brokers said.
Published 07 Aug, 2004 12:00am
US MIDDAY: wheat lower on quiet exports

US MIDDAY: wheat lower on quiet exports

Soft red winter (SRW) wheat futures at the Chicago Board of Trade turned lower on mid-session Friday on quiet exports and on a breakdown in the soybean futures market, traders said.
Published 07 Aug, 2004 12:00am
US MIDDAY: corn edges higher on profit-taking

US MIDDAY: corn edges higher on profit-taking

Chicago Board of Trade corn futures were mildly higher at midday as spreading turned more active and countered earlier end-week profit-taking seen after four straight days of higher closes, brokers said.
Published 07 Aug, 2004 12:00am
US MIDDAY: soyabeans sag on follow-through

US MIDDAY: soyabeans sag on follow-through

Chicago Board of Trade soyabeans sagged early Friday on a setback from Thursday's strong gains with mostly good US crop weather for soyabeans and lack of follow-through in the spot August cited, brokers said.
Published 07 Aug, 2004 12:00am
US MIDDAY: copper reaps rise on July payrolls

US MIDDAY: copper reaps rise on July payrolls

COMEX copper tried to find its bearings in positive territory when the dollar fell sharply in reaction to startlingly weak US July payrolls, with economic slowing implied by the paltry jobs creation putting US economic strength into question, traders said
Published 07 Aug, 2004 12:00am
US MIDDAY: gold higher on weak jobs

US MIDDAY: gold higher on weak jobs

COMEX gold surged past the $400 an ounce mark for the first time in more than two weeks early Friday, with silver posting its own 3-1/2 month high, after an anaemic increase in July US payrolls fanned worries about the US economic recovery and weakened th
Published 07 Aug, 2004 12:00am
Child returns after successful surgery in India

Child returns after successful surgery in India

A 55-day baby, Anas Javed returned home after successful heart surgery in Bangalore. His veins were wrongly connected with the heart and his survival for one and half month was a miracle.
Published 07 Aug, 2004 12:00am
Soomro backs triangular partnership

Soomro backs triangular partnership

Chairman Senate Mohammedmian Soomro has supported the idea of promoting Pakistan, China and India triangular partnership and said it could be helpful to serve the socio-economic interests of the people.
Published 07 Aug, 2004 12:00am
Progress of 'freight village' reviewed

Progress of 'freight village' reviewed

Progress of the proposed 'freight village' at Wazir Mansion was reviewed at the site by Chairman Railways Asif Hayat Malik during a visit on Thursday.
Published 07 Aug, 2004 12:00am
Russia's bulging oil pipelines unable to quench world thirst

Russia's bulging oil pipelines unable to quench world thirst

Russia faces an oil paradox: its coffers are bursting from record energy prices - raising inflation risks - but Moscow can do little to boost exports and ease inflationary pressures despite pleas for more oil.
Published 07 Aug, 2004 12:00am
Georgia's breakaway South Ossetia on war footing

Georgia's breakaway South Ossetia on war footing

As he sips coffee at an outdoor cafe in the capital of the Georgian breakaway republic of South Ossetia, Roland Kelekshayev describes how he keeps an AK-47 automatic rifle in his home, oiled and ready for use.
Published 07 Aug, 2004 12:00am
Pakistan's perpetual crisis

Pakistan's perpetual crisis

Pakistan perhaps is the only State created in recent history, on the basis of a democratic and constitutional struggle waged by its political leadership, led by Jinnah Saheb.
Published 07 Aug, 2004 12:00am
Young Gandhi discovers limits of Indian politics

Young Gandhi discovers limits of Indian politics

It starts as soon as Rahul Gandhi leaves his constituency home in northern India, hundreds of men and women crowding forward for a few seconds to press their demands through his open car window.
Published 07 Aug, 2004 12:00am
Turkey's talks with EU: doubters grow

Turkey's talks with EU: doubters grow

Turkey has never seemed closer to its cherished goal of starting talks to join the European Union, but not all Turks share their government's enthusiasm.
Published 07 Aug, 2004 12:00am
Wheat import policy needs re-thinking

Wheat import policy needs re-thinking

In a highly unusual development, Pakistan, despite being a customer for a million tons in a global wheat market awash with 15 millions tons surplus in the EU alone, finds itself faced instead with conditions and stipulations set by a handful of internatio
Published 07 Aug, 2004 12:00am
Move to meet threat of dumping imports

Move to meet threat of dumping imports

A meeting organised by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in Karachi the other day underlined the objective of disseminating awareness in trade and industry in Pakistan of the need to defend themselves against the adverse
Published 07 Aug, 2004 12:00am
Liberalising foreign investment in services sector

Liberalising foreign investment in services sector

Significant liberalisation in the conditionalities for foreign investment in the services sector, as recounted by the Chairman of the Board of Investment (BoI), Wasim Haqqie, in an interview with the Business Recorder the other day, will be seen as
Published 07 Aug, 2004 12:00am
Removal of farm subsidy hailed

Removal of farm subsidy hailed

Elimination of subsidy by the developed countries on agriculture sector will help Pakistani agriculture sector gain international market and give better return to the farmers of their yield.
Published 07 Aug, 2004 12:00am
Death of Qazi's sister condoled

Death of Qazi's sister condoled

Punjab Chief Minister, Chaudhry Pervaiz Elahi has expressed deep sense of grief and sorrow over the sad demise of sister of Ameer Jama'at-e-Islami, Qazi Hussain Ahmed.
Published 07 Aug, 2004 12:00am
SNGPL warns illegal gas users

SNGPL warns illegal gas users

The Sui Northern Gas Pipelines Limited (SNGPL) will take action against the consumers of the twin cities of Rawalpindi and Islamabad, who have installed illegal gas connections in their houses and have also provided extensions to other residents.
Published 07 Aug, 2004 12:00am
OUP workshops for teachers

OUP workshops for teachers

Oxford University Press is conducting workshops for teachers of 'The Educators' schools as a part of its on-going teacher training programme.
Published 07 Aug, 2004 12:00am
Interaction between LPG producers and marketing companies urged

Interaction between LPG producers and marketing companies urged

LPG Association of Pakistan has called for close co-ordination and interaction between the producers and marketing companies of Liquefied Petroleum Gas (LPG) to keep the prices at a level affordable to consumers in rural and northern areas of the country.
Published 07 Aug, 2004 12:00am
Four travel agents with 447 passports held

Four travel agents with 447 passports held

The Passport Cell of Federal Investigation Agency (FIA) has arrested four persons and recovered 447 passports, tickets, fake documents and stamps from their possession.
Published 07 Aug, 2004 12:00am
LHCBA to hold APC on August 16

LHCBA to hold APC on August 16

The Lahore High Court Bar Association (LHCBA) will hold an All Parties Conference (APC) here in bar premises on August 16.
Published 07 Aug, 2004 12:00am
66 beer crates recovered

66 beer crates recovered

On the directives of Lahore District Co-ordination Officer (DCO) Khalid Sultan a squad of the City District Government Lahore (CDGL) raided a beer manufacturing factory at Mohni Road here on Friday and recovered 66 crates of different brands of liquor, in
Published 07 Aug, 2004 12:00am
Bridge Notes: The Bennett murder - a historic bridge tragedy

Bridge Notes: The Bennett murder - a historic bridge tragedy

A historic tragedy, which took place in Kansas City KS in 1921. The victim was John S. Bennett, a prosperous perfume salesman, who met his death as a result of a game of contract in which he played with his wife against another married couple. His wife be
Published 07 Aug, 2004 12:00am
Slater dubs Ramiz as PCB's 'chief entertainer'

Slater dubs Ramiz as PCB's 'chief entertainer'

Money can buy anything but the honour and respect, which are earned the hard way. A very few people have the capacity to swallow such blessings with grace and dignity, while most people cross all limits of decency and try to exploit the position they achi
Published 07 Aug, 2004 12:00am
SPORTS WORLD: Sri Lankan regional champions

SPORTS WORLD: Sri Lankan regional champions

In a delirium of exciting and incalculable ending Sri Lanka brought to earth what in the opinion of the experts was the mighty and impregnable Indian batting machine to lift the covetous Asia Cup and install themselves as the real and virtual regional cha
Published 07 Aug, 2004 12:00am
IG Prisons warns inefficient officers

IG Prisons warns inefficient officers

IG Prisons Punjab, Khawaja Khalid Farooq has warned that corrupt, inefficient and undesirable officers and officials would not be tolerated in the department.
Published 07 Aug, 2004 12:00am
Video clipping raises questions about VVIP security

Video clipping raises questions about VVIP security

Let me confess that I often wonder about what I miss out on TV every week. I am sure there are errors of omission, which readers and viewers would describe as being blunders really. But as I have said earlier it is truly a mind boggling challenge to eve
Published 07 Aug, 2004 12:00am
When Punjabi folk music metamorphosed into classical genres

When Punjabi folk music metamorphosed into classical genres

The music of the people, folk music, is so old that only a guess can be hazarded about its antiquity. We do not know when it was made up or who made it up. We do know, however, that music itself always tells us a great deal about the people.
Published 07 Aug, 2004 12:00am
PACRA assigns developer rating to Eden

PACRA assigns developer rating to Eden

The Pakistan Credit Rating Agency (PACRA) and National Engineering Services Pakistan (Nespak) have jointly assigned Eden Developers (Pvt) Limited (EDPL) a developer grading of 'PE2' indicating a strong project execution capacity with highly promising pros
Published 07 Aug, 2004 12:00am
LAHORE CULTURAL DIARY: Role of book fairs in inculcating reading habits

LAHORE CULTURAL DIARY: Role of book fairs in inculcating reading habits

A book fair, an evening with a poet and a music presentation at French Cultural Center in Lahore were the highlights of cultural events in the city. Other notable events included expression of apologies by theatre artistes and a programme to commemorate t
Published 07 Aug, 2004 12:00am
Ceremony postponed

Ceremony postponed

The Chief Minister of Punjab, Chaudhry Pervaiz Ellahi will be chief guest in the ground breaking ceremony of the Committee Chowk underpass here on Thursday August 12, 2004.
Published 07 Aug, 2004 12:00am
Prevention of fractures

Prevention of fractures

According to the cause, fractures can be prevented. Fracture of an already diseased and cancerous bone is termed as 'pathological fracture'. Osteoporosis is common in females above fifty and in males over sixty. Such patients can be identified early by th
Published 07 Aug, 2004 12:00am
UNHCR to close down 12 refugee camps this month

UNHCR to close down 12 refugee camps this month

The United Nations High Commission for Refugees (UNHCR) will close down 12 new refugee camps in the last week of this month, which were set up after the tragic event of September 11, 2001.
Published 07 Aug, 2004 12:00am
Weight of school bags a health hazard

Weight of school bags a health hazard

After summer vacations schools have reopened and once again early to bed and early to rise exercise for children in every second home has begun. The routine of the school going children, which had been disturbed by their parents and grandparents during va
Published 07 Aug, 2004 12:00am
LCCI welcomes Geneva consensus

LCCI welcomes Geneva consensus

Lahore Chamber of Commerce and Industry (LCCI) Chief Mian Anjum Nisar on Friday welcomed the consensus reached at the Geneva conference, under which, the European Union would withdraw over $3 billion subsidy given to its farmers, while all the developing
Published 07 Aug, 2004 12:00am
A flurry of activities

A flurry of activities

The blue moon and the monsoon season form a strange mixture of ingredients similar to the variety of cultural activities happening in Isloo this week.
Published 07 Aug, 2004 12:00am
Chashma barrage storage capacity now almost half

Chashma barrage storage capacity now almost half

Chashma barrage constructed in 1971 with a project cost of around Rs 340 million, one of the six river structures provided under Indus Basis Project, has lost half of its storage capacity.
Published 07 Aug, 2004 12:00am
Shehla Rehman - a thematic painter

Shehla Rehman - a thematic painter

Communicating through lines and colours is a difficult task and there are not many painters who have the necessary skill in this art of speaking to their audience with the warmth of a passionate silence. A silence that remonstrates and asserts, and at tim
Published 07 Aug, 2004 12:00am
Ban on registration of new Madaris waived: Zobaida

Ban on registration of new Madaris waived: Zobaida

The Government has decided to waive the ban on registration of new Madaris, and has increased the allocation by Rs 1 billion for their reformation, said the Federal Minister for Education Zobaida Jalal here on Friday evening.
Published 07 Aug, 2004 12:00am
CURRENT TOPICS: To be or not to be in Iraq

CURRENT TOPICS: To be or not to be in Iraq

The pressure is mounting on Pakistan to send troops to Iraq. The "alliance of the willing" is unravelling as well as depleting and needs to be strengthened. The few odd countries who were beseeched or bribed to send a limited number of soldiers to assist
Published 07 Aug, 2004 12:00am
Rake up the past and present - II: Civ-mil bureaucracy versus democracy

Rake up the past and present - II: Civ-mil bureaucracy versus democracy

A lot of other questions besides the above are to be asked from the responsible, but to little avail for no suitable answers thereof would come from them except the one: "We cannot transform the lot of the poor masses overnight". They have made it a rule
Published 07 Aug, 2004 12:00am
Wapda's incentive package for consumers

Wapda's incentive package for consumers

Water and Power Development Authority (Wapda) has announced an incentive package for power consumers who are permanently disconnected for a period of five years or more as on June 30, 2004.
Published 07 Aug, 2004 12:00am
PML-N critical of use of force in Balochistan

PML-N critical of use of force in Balochistan

Pakistan Muslim League (Nawaz) Chairman Raja Muhammad Zafarul Haq has expressed deep concern over agitation and confrontation in Balochistan, and said that use of force might aggravate the situation leading to grave risks to the integrity of the country.
Published 07 Aug, 2004 12:00am
The Weather

The Weather

The weather report on Friday (August 06) and the forecast for Saturday (August 07, 2004).

Published 07 Aug, 2004 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 07 Aug, 2004 12:00am
Prime Minister to be chief guest at FPCCI award ceremony

Prime Minister to be chief guest at FPCCI award ceremony

Prime Minister Chaudhry Shujaat Hussain would be the chief guest at the 27th Federation of Pakistan Chamber of Commerce and Industry Export Trophy ceremony on August 9 at the Convention Centre, Islamabad.
Published 07 Aug, 2004 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 07 Aug, 2004 12:00am
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