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Print - 2004-08-19
Karzai's 17 rivals threaten boycott of election

Karzai's 17 rivals threaten boycott of election

Afghan President Hamid Karzai's 17 rivals in the presidential race Wednesday threatened to boycott landmark October 9 elections unless he stepped down before the vote.
Published 19 Aug, 2004 12:00am
Bomb defused after Blair's visit to Berlusconi

Bomb defused after Blair's visit to Berlusconi

A bomb was defused overnight near the Sardinian holiday villa of Prime Minister Silvio Berlusconi hours after a visit by Britain's Tony Blair, Italian police said on Wednesday.
Published 19 Aug, 2004 12:00am
Saudi Arabian forces nab two suspected militants

Saudi Arabian forces nab two suspected militants

Saudi Arabian security forces have arrested two suspected militants wanted for security-related matters in the capital Riyadh and the holy city of Makkah, local newspapers reported Wednesday.
Published 19 Aug, 2004 12:00am
Missile defence shield to be ready by year's end: Rumsfeld

Missile defence shield to be ready by year's end: Rumsfeld

The United States will have a limited defence against incoming ballistic missiles by the end of this year, US Defence Secretary Donald Rumsfeld said Wednesday in prepared remarks, calling it a "triumph of hope and vision over pessimism and scepticism."
Published 19 Aug, 2004 12:00am
Arafat acknowledges mistakes, urges change

Arafat acknowledges mistakes, urges change

Palestinian President Yasser Arafat made a rare acknowledgement of mistakes under his rule on Wednesday and urged reforms to end corruption after an unprecedented wave of turmoil.
Published 19 Aug, 2004 12:00am
Five Palestinians killed in airstrike

Five Palestinians killed in airstrike

Five Palestinians were killed and another five wounded when an Israeli helicopter gunship fired at least one missile at an open area in eastern Gaza City early Wednesday, Palestinian medical sources said.
Published 19 Aug, 2004 12:00am
Maoist rebels block land routes to Kathmandu

Maoist rebels block land routes to Kathmandu

Maoist rebels, fighting to topple Nepal's constitutional monarchy, cut off all land routes to the Himalayan kingdom's capital on Wednesday, disrupting food and supplies to the city of 1.5 million people.
Published 19 Aug, 2004 12:00am
Kerry assails Bush troop withdrawal plan

Kerry assails Bush troop withdrawal plan

Democratic White House hopeful John Kerry warned Wednesday that President George W. Bush's plan to bring home up to 70,000 troops from Europe and Asia would hurt the war on terrorism and embolden North Korea.
Published 19 Aug, 2004 12:00am
Indian rupee ends steady

Indian rupee ends steady

The Indian rupee ended steady on Wednesday as importers remained concerned with rising global oil prices, which were hovering just shy of a $47-per-barrel peak and depressing sentiment for the local currency, dealers said.
Published 19 Aug, 2004 12:00am
Pound hits three-month low versus euro

Pound hits three-month low versus euro

Sterling hit a three-month low against the euro on Wednesday and slipped on the dollar as minutes from the Bank of England raised expectations British interest rate might be close to their peak.
Published 19 Aug, 2004 12:00am
Dollar fights to keep off lows

Dollar fights to keep off lows

The dollar struggled to pull away from August lows on Wednesday as investors wondered whether the Federal Reserve would raise interest rates next month after another round of weak US data in the previous session.
Published 19 Aug, 2004 12:00am
Malaysian shares rise

Malaysian shares rise

Malaysia's blue chip share index rose 0.13 percent on Wednesday but the focus was on a disappointing debut by Malaysia's biggest IPO this year, KLCC Property Holdings Bhd.
Published 19 Aug, 2004 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks rose on Wednesday as investors bought beaten-down shares and oil prices eased from the record high hit earlier in the session.
Published 19 Aug, 2004 12:00am
Seoul shares up

Seoul shares up

Seoul shares ended a touch higher on Wednesday, as gains in retail shares on the prospects for a recovery in domestic demand helped the market overcome concerns about the impact of high oil prices on corporate earnings.
Published 19 Aug, 2004 12:00am
Bonds: telecoms lead rally, spreads hit year-low

Bonds: telecoms lead rally, spreads hit year-low

European corporate bonds edged higher on Wednesday, led by telecommunications firms, as investors shrugged off record oil prices, while rising stock markets boosted confidence.
Published 19 Aug, 2004 12:00am
Bonds: telecoms lead rally, spreads hit year-low

Bonds: telecoms lead rally, spreads hit year-low

European corporate bonds edged higher on Wednesday, led by telecommunications firms, as investors shrugged off record oil prices, while rising stock markets boosted confidence.
Published 19 Aug, 2004 12:00am
FTSE-100 edges off amid oil price pressures

FTSE-100 edges off amid oil price pressures

Britain's top shares edged lower on Wednesday as surging oil prices hit firms ranging from British Airways to packaging group Bunzl, although a robust start on Wall Street limited the market's first fall this week.
Published 19 Aug, 2004 12:00am
Cotlook and Chinese set up joint venture

Cotlook and Chinese set up joint venture

Cotlook Limited, an influential source of information for the cotton market based in the UK, has forged an agreement with a pair of Chinese groups so developments in the Asian nation can be reported to international markets.
Published 19 Aug, 2004 12:00am
Argentina cuts 2004-05 wheat area

Argentina cuts 2004-05 wheat area

Argentina cut its 2004/05 wheat area forecast for the second straight month, dropping it to 6.2 million hectares from 6.3 million hectares in July, the government said on Wednesday.
Published 19 Aug, 2004 12:00am
EU's new farm chief cleared over clash of interest

EU's new farm chief cleared over clash of interest

Lawyers have cleared Europe's incoming agriculture chief of a possible conflict of interest because she owns a farm that receives European Union subsidies, the EU executive said on Wednesday.
Published 19 Aug, 2004 12:00am
Gold drifts down as dollar edges up

Gold drifts down as dollar edges up

Gold fell in Europe on Wednesday, with its investment appeal dulled slightly as the dollar won its struggle to move away from lows reached on scaled back US rate rise expectations, dealers said.
Published 19 Aug, 2004 12:00am
London sugar ends up

London sugar ends up

London white sugar futures closed firmer on Wednesday amid worries over a go-slow by stevedores at the Brazilian port of Santos, dealers said.
Published 19 Aug, 2004 12:00am
Liffe coffee settles lower

Liffe coffee settles lower

Liffe robusta coffee prices broke support to settle lower on Wednesday as smaller funds unloaded positions, traders said.
Published 19 Aug, 2004 12:00am
London cocoa gains on funds

London cocoa gains on funds

London cocoa futures built on the previous session's gains on Wednesday amid speculative buying and talk about a possible cut to Ghana's harvest estimate, traders said.
Published 19 Aug, 2004 12:00am
New York cotton hits another four-week high

New York cotton hits another four-week high

NYBOT cotton futures closed at a fresh four-week high Wednesday on speculative fund buying and fibre contracts are seen pushing up on follow-through purchases by commodity funds in the days ahead, dealers said.
Published 19 Aug, 2004 12:00am
Copper ends LME weak, more stock increases possible

Copper ends LME weak, more stock increases possible

Copper prices finished Wednesday's open-outcry sessions on the London Metal Exchange (LME) two percent lower, hammered by a hefty warehouse inventory increase, and more stock rises are possible, traders said.
Published 19 Aug, 2004 12:00am
Oil prices surge to new high above $47 per barrel

Oil prices surge to new high above $47 per barrel

Oil prices surged to a new high above $47 a barrel Wednesday on evidence from major economies that energy costs are not substantially slowing the economic growth that fuels oil demand.
Published 19 Aug, 2004 12:00am
Oil prices surge to new high above $47 per barrel

Oil prices surge to new high above $47 per barrel

Oil prices surged to a new high above $47 a barrel Wednesday on evidence from major economies that energy costs are not substantially slowing the economic growth that fuels oil demand.
Published 19 Aug, 2004 12:00am
US MIDDAY: coffee dips on funds took profit

US MIDDAY: coffee dips on funds took profit

NYBOT arabica coffee futures fell more than three percent on Wednesday as speculators sold and funds took profits from sharp gains earlier in the week, traders and analysts said.
Published 19 Aug, 2004 12:00am
US MIDDAY: cocoa futures climb on speculator buying

US MIDDAY: cocoa futures climb on speculator buying

NYBOT cocoa futures rose more than 2 percent on Wednesday as market concerns about next year's crop production in top growing region West Africa sparked fund and speculator buying, analysts and traders said.
Published 19 Aug, 2004 12:00am
US MIDDAY: sugar rebounds on trade buying

US MIDDAY: sugar rebounds on trade buying

NYBOT raw sugar futures finished higher Wednesday as the sweetener banked on trade buying to rebound from recent falls to a 7-week low, with the market expected to grind higher on follow-through interest in the days ahead, brokers said.
Published 19 Aug, 2004 12:00am
US MIDDAY: corn weaker on profit-taking setback

US MIDDAY: corn weaker on profit-taking setback

Corn futures at the Chicago Board of Trade were weaker late Wednesday morning on a profit-taking setback after Tuesday's climb to a four-week high, traders said.
Published 19 Aug, 2004 12:00am
US MIDDAY: soyabeans higher on strong cash prices

US MIDDAY: soyabeans higher on strong cash prices

Chicago Board of Trade soyabean futures were higher on Wednesday on strong domestic cash prices as US oilseed processors attempted to buy very limited soyabean supplies, brokers said.
Published 19 Aug, 2004 12:00am
US MIDDAY: copper slides on rise in warehouse inventories

US MIDDAY: copper slides on rise in warehouse inventories

COMEX copper futures slid to one-week lows at the open Wednesday to line up with a decline in London prices, which got hit by a massive rise in exchange warehouse inventories overnight, then fell further when stop-loss orders were triggered, traders said.
Published 19 Aug, 2004 12:00am
US MIDDAY: gold slips on dollar firmer

US MIDDAY: gold slips on dollar firmer

COMEX gold slipped early Wednesday as the dollar firmed, but inflation hedge buying supported prices near one-month highs above $400 an ounce as New York oil prices rose above $47 a barrel for the first time.
Published 19 Aug, 2004 12:00am
Hearing of Asif's plea adjourned

Hearing of Asif's plea adjourned

The Sindh High Court (SHC) on Wednesday further granted time to provincial law officer to verify fact that if there any proposed treatment for ex-Senator Asif Ali Zardari is available in the Ziauddin Hospital here on or such treatment was available at Isl
Published 19 Aug, 2004 12:00am
USAID will provide $14 million to support legislative governance

USAID will provide $14 million to support legislative governance

The United States Agency for International Development (USAID) will provide 14 million dollar to Pakistan Legislative Strengthening Consortium (PLSC) to strengthen the national and provincial legislative governance in the country.
Published 19 Aug, 2004 12:00am
Pak-UK trade registers 15 percent growth

Pak-UK trade registers 15 percent growth

Bilateral trade between Britain and Pakistan has registered 15 percent increase during last calendar year and the planned visit of three trade missions to Islamabad in near future, is expected to further build on their expanding economic relations.
Published 19 Aug, 2004 12:00am
HREP wins 'Hurights Award'

HREP wins 'Hurights Award'

Laurels were brought for Pakistan as the country clinched one of the most prestigious 'Hurights Osaka Award - 2004'for international human rights education materials.
Published 19 Aug, 2004 12:00am
Hefty rewards offered for information on top al Qaeda suspects

Hefty rewards offered for information on top al Qaeda suspects

The government on Wednesday announced rewards totalling 1.1 million dollars for information on six wanted terror suspects, including al Qaeda's Libyan planner Abu Faraj Farj, described by Pakistani intelligence as the terror network's new number three.
Published 19 Aug, 2004 12:00am
Fashion unwearable

Fashion unwearable

Miss Wilfriede, a Christian by birth and of German parentage, embraced Islam on marriage to a young Pakistani army Officer in the mid fifties and is ever since residing in Pakistan.
Published 19 Aug, 2004 12:00am
Civil awards for military men

Civil awards for military men

As if the military awards were not enough, the armed forces personnel are also being conferred civil awards on the occasion of Independence Day.
Published 19 Aug, 2004 12:00am
Mark-up on mark-up

Mark-up on mark-up

This to inform your newspaper that the State Bank of Pakistan has miserably failed to protect the people and businesses from financial institutions especially Habib Bank Ltd and National Bank of Pakistan which do improper accounts by fictitious figures to
Published 19 Aug, 2004 12:00am
South Koreans chase profits in northern Iraq

South Koreans chase profits in northern Iraq

South Korean businessman Kim Jeong-Hee experiences close Kurd-Korean co-operation daily: everywhere he goes he is accompanied by a Kurdish peshmerga soldier armed with a Kalashnikov rifle.
Published 19 Aug, 2004 12:00am
Morocco staging point to Europe for African immigrants

Morocco staging point to Europe for African immigrants

From northern Morocco, Europe is just a short sail away, across the Gibraltar Strait to the Spanish coast, making the country a major transit point for illegal migrants from sub-Saharan Africa and elsewhere.
Published 19 Aug, 2004 12:00am
Big boost to cellular telephony

Big boost to cellular telephony

The sensational free connection offer from August 14 to 17 made by Ufone, the state-owned cellular company, for Karachi, Lahore, Islamabad, Rawalpindi, Peshawar, Faisalabad, Multan, Hyderabad and Quetta met with an unprecedented Independence Day enthusias
Published 19 Aug, 2004 12:00am
Musharraf on Roobaroo

Musharraf on Roobaroo

Speaking on PTV's Roobaroo programme the other day, President General Pervez Musharraf claimed that the terrorists were on the run after recent successes in capturing their masterminds and important cadres.
Published 19 Aug, 2004 12:00am
Unregistered blood banks to face action

Unregistered blood banks to face action

The Sindh health department has issued notices to all unregistered blood banks operating across the province and that all unauthorised blood banks would be made to close down within one month's time.
Published 19 Aug, 2004 12:00am
Promotion of education, health need of the hour: Naseem

Promotion of education, health need of the hour: Naseem

Chairman National Commission for Human Development, Dr Naseem Ashraf, has called for establishing linkage between institutions and industry, apart from preparing the engineers and experts to meet future challenges.
Published 19 Aug, 2004 12:00am
KAC moot in Chicago on September 5

KAC moot in Chicago on September 5

The Kashmiri American Council (KAC) will hold its annual general body meeting on the theme of "Kashmir- A way forward" on September 5, in Chicago.
Published 19 Aug, 2004 12:00am
Japan assures help in key thrust areas

Japan assures help in key thrust areas

The Japanese Ambassador Minoru Shibuya on Wednesday assured of extending their vital support and assistance to Pakistan in the key thrust areas of human resource development and nursing education.
Published 19 Aug, 2004 12:00am
Candidates for PFMA polls nominated

Candidates for PFMA polls nominated

As many as 50 representatives of Pakistan Flour Mills Association (Jamhoori Group) Wednesday unanimously nominated Khaliq Arshad of Supreme Flour Mills and Salahuddin of Shama Flour Mills as its candidates for the office of Chairman and Vice Chairman, res
Published 19 Aug, 2004 12:00am
Pakistani troops' services in Liberia hailed

Pakistani troops' services in Liberia hailed

Pakistan Army troops serving under the aegis of UN peace-keeping mission in Liberia continue to provide relief and rehabilitation assistance to the needy people of the war-ravaged country besides, undertaking their operational duties in the most difficult
Published 19 Aug, 2004 12:00am
Call for stopping war in Najaf

Call for stopping war in Najaf

United Nations and global powers must intervene and play its due role in stopping the war at Najaf, a holy city in Iraq.
Published 19 Aug, 2004 12:00am
Thar full of granite deposits

Thar full of granite deposits

Believe it or not but the area of Thar also holds the largest deposits of granite stone in the country, worth billions of dollars, if properly excavated, polished and exported, UPP special correspondent reports.
Published 19 Aug, 2004 12:00am
Azadi festival held at PAF museum

Azadi festival held at PAF museum

Pakistan came into being after great sacrifices and restless efforts by our ancestors and, therefore, youth should play their role in the development and promotion of the country.
Published 19 Aug, 2004 12:00am
Tractor industry capable to face WTO, Safta challenges

Tractor industry capable to face WTO, Safta challenges

Tractor industry was now fully geared up to face challenges expected as a result of WTO and Safta, because free trade regime that was eagerly awaited would provide an access to bigger markets.
Published 19 Aug, 2004 12:00am
21 pesticide adulteration cases registered

21 pesticide adulteration cases registered

Punjab Agriculture Department in its anti adulteration campaign has got registered 21 cases against pesticide and fertiliser adulterators during last month in the province.
Published 19 Aug, 2004 12:00am
Fong's buys European dyeing group

Fong's buys European dyeing group

Fong's National Engineering Company Limited (FNECL), a Hong Kong-based group, has acquired Scholl-Then through Associated Textile Consultants (ATC), representing FNECL in Pakistan.
Published 19 Aug, 2004 12:00am
Lawyers observe black day

Lawyers observe black day

On the call given by Pakistan Bar Council (PBC), lawyers community here on Wednesday observed Black Day in protest against the nomination of Shaukat Aziz as Prime Minister of Pakistan prior to his election as MNA.
Published 19 Aug, 2004 12:00am
GBHP generates over 5,773 million units

GBHP generates over 5,773 million units

Ghazi Barotha Hydropower Project (GBHP) generated 5773.084 million electricity units equivalent to the benefits of Rs 26.84 billion during the maiden year after formal inauguration of its power house by the President General Pervez Musharraf on August 19,
Published 19 Aug, 2004 12:00am
Garment sector to get incentives in post-quota era

Garment sector to get incentives in post-quota era

The Export Promotion Bureau (EPB) has asked the Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) to submit a working paper on the problems to be faced by the apparel sector in the post-quota era.
Published 19 Aug, 2004 12:00am
New CTR deputy general manager

New CTR deputy general manager

Mazhar Latif has been appointed Deputy General Manager Central Telecomm Region (CTR) Lahore. According to a press release, Mazhar Latif, who has been serving in PTCL since last so many years in various positions, has assumed the charge of his office.
Published 19 Aug, 2004 12:00am
Uninterrupted power supply assured

Uninterrupted power supply assured

The Lahore Electricity Supply Company (Lesco) has taken various steps to ensure uninterrupted power supply to the electricity consumers.
Published 19 Aug, 2004 12:00am
CIBES services lauded

CIBES services lauded

Commecs Institute of Business and Emerging Sciences (CIBES) can serve the nation by compiling all those speeches of Quaid-e-Azam related to education in the form of a book.
Published 19 Aug, 2004 12:00am
Police raid Madressah for clerics accused of sedition

Police raid Madressah for clerics accused of sedition

Police on Wednesday raided a Madressah in pursuit of six clerics accused of issuing a Fatwa against army operations in the tribal areas along the Afghan border to flush out al Qaeda militants.
Published 19 Aug, 2004 12:00am
The Weather

The Weather

The weather report on Wednesday (August 18) and the forecast for Thursday (August 19, 2004).

Published 19 Aug, 2004 12:00am
New York cotton

New York cotton

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

Published 19 Aug, 2004 12:00am
New York cotton

New York cotton

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

Published 19 Aug, 2004 12:00am
DHA inks MoU for 300-bed hospital in Phase 8

DHA inks MoU for 300-bed hospital in Phase 8

Defence Housing Authority (DHA) has signed a Memorandum of Understanding (MoU) with the consortium of International Hospital Group, UK (IHG), and MAS Associates Pakistan for setting up a 300-bed, Creek City Hospital (CCH).
Published 19 Aug, 2004 12:00am
Key stock market movements at 1700 GMT on August 18

Key stock market movements at 1700 GMT on August 18

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 19 Aug, 2004 12:00am
Arif Habib gets 'AA' management rating

Arif Habib gets 'AA' management rating

JCR-VIS Credit Rating Company has assigned the Management Quality rating of 'AA (MQ)' to Arif Habib Investment Management (AHML).
Published 19 Aug, 2004 12:00am
Arif Habib gets 'AA' management rating

Arif Habib gets 'AA' management rating

JCR-VIS Credit Rating Company has assigned the Management Quality rating of 'AA (MQ)' to Arif Habib Investment Management (AHML).
Published 19 Aug, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (August 18, 2004)

Published 19 Aug, 2004 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 19 Aug, 2004 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 19 Aug, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 18, 2004).

Published 19 Aug, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (August 18) and rates for Thursday (August 19, 2004).
Published 19 Aug, 2004 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (August 18, 2004).

Published 19 Aug, 2004 12:00am