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Print - 2004-08-23
The Weather

The Weather

The weather report on Sunday (August 22) and the forecast for Monday (August 23, 2004).
Published 23 Aug, 2004 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (August 16 to 21, 2004).
Published 23 Aug, 2004 12:00am
Travellers could soon report to work mid-flight

Travellers could soon report to work mid-flight

Business travellers will be able to surf the Web securely on long-distance flights by combining services from Boeing Co and iPass Inc, the companies plan to announce on Monday.
Published 23 Aug, 2004 12:00am
Italian oil tax cut plan rejected

Italian oil tax cut plan rejected

Italian Economy Minister Domenico Siniscalco has rejected a proposal to cut domestic oil taxes, telling a weekend conference that the reductions would not solve the problem of soaring international oil prices.
Published 23 Aug, 2004 12:00am
Italian oil tax cut plan rejected

Italian oil tax cut plan rejected

Italian Economy Minister Domenico Siniscalco has rejected a proposal to cut domestic oil taxes, telling a weekend conference that the reductions would not solve the problem of soaring international oil prices.
Published 23 Aug, 2004 12:00am
100,000 set to rally in Germany against welfare cuts

100,000 set to rally in Germany against welfare cuts

At least 100,000 protesters were expected Monday to demonstrate in rallies across Germany against looming cuts in unemployment benefits, continuing a series of weekly protests against government reforms, organisers said.
Published 23 Aug, 2004 12:00am
Soaring oil price strikes heart of US economy

Soaring oil price strikes heart of US economy

Runaway oil prices, which briefly punched to an all-time high in New York, are pounding the US economy just 10 weeks ahead of presidential elections, analysts warned.
Published 23 Aug, 2004 12:00am
Iraq keeps south oil pipeline shut to avoid attack

Iraq keeps south oil pipeline shut to avoid attack

Authorities kept a main oil pipeline in southern Iraq shut on Sunday rather than risk it being attacked, restricting the country's exports to half normal levels, a South Oil Official said.
Published 23 Aug, 2004 12:00am
Egypt to lift cotton export restrictions

Egypt to lift cotton export restrictions

The Egyptian government will lift all restrictions on the export of particular cotton varieties in the year 2004/5, which began this month, Foreign Trade and Industry Minister Rashid Mohamed Rashid said on Sunday.
Published 23 Aug, 2004 12:00am
Saudi raises stakes in bid to calm oil price scare

Saudi raises stakes in bid to calm oil price scare

Top world oil exporter Saudi Arabia's decision to raise supply close to its capacity limit is a gamble aimed at dousing world markets with enough extra crude to force prices down from record highs, analysts said.
Published 23 Aug, 2004 12:00am
Indian truckers' strike halts goods transport

Indian truckers' strike halts goods transport

Hundreds of thousands of truckers stayed off the roads across India on Sunday, the second day of a nation-wide strike to protest a new service tax, disrupting movement of everything from food to cement and pushing up prices.
Published 23 Aug, 2004 12:00am
NEC seeks to boost mobile exports to China

NEC seeks to boost mobile exports to China

NEC plans to increase its exports of mobile phones to China by 150 percent to more than five million phones in the next two years, the Nihon Keizai Shimbun reported on Sunday.
Published 23 Aug, 2004 12:00am
NEC seeks to boost mobile exports to China

NEC seeks to boost mobile exports to China

NEC plans to increase its exports of mobile phones to China by 150 percent to more than five million phones in the next two years, the Nihon Keizai Shimbun reported on Sunday.
Published 23 Aug, 2004 12:00am
Japan economy minister plays down slowdown worries

Japan economy minister plays down slowdown worries

A marked slowdown in Japan's economic growth in the second quarter was merely a "pause", but an abundance of data suggests the nation's recovery is intact, Economics Minister Heizo Takenaka said on Sunday.
Published 23 Aug, 2004 12:00am
Most key currencies unscathed by oil price

Most key currencies unscathed by oil price

There's little doubt that spiking oil prices could damage some of the world's currencies, especially those of countries like Japan and United States that import so much energy.
Published 23 Aug, 2004 12:00am
Swisscom to keep returning cash to investors

Swisscom to keep returning cash to investors

Swisscom will keep paying excess cash to shareholders in the absence of a take-over candidate and after talks with Telekom Austria collapsed, a newspaper reported on Sunday, citing Swisscom's top executive.
Published 23 Aug, 2004 12:00am
Swisscom to keep returning cash to investors

Swisscom to keep returning cash to investors

Swisscom will keep paying excess cash to shareholders in the absence of a take-over candidate and after talks with Telekom Austria collapsed, a newspaper reported on Sunday, citing Swisscom's top executive.
Published 23 Aug, 2004 12:00am
Indian shares seen lower, bonds inching up

Indian shares seen lower, bonds inching up

Indian shares are expected to fall this week on inflation worries and uncertainty over global crude oil prices, while bonds are likely to rise after the government lowered duties on petroleum products and some commodities.
Published 23 Aug, 2004 12:00am
Tokyo stocks may rally with techs back in favour

Tokyo stocks may rally with techs back in favour

Tokyo stocks could move higher this week with high oil prices already factored into the market, high-tech issues seen as oversold and investors becoming more assured that Japan's economic fundamentals are strong.
Published 23 Aug, 2004 12:00am
Indian rupee seen sliding this year

Indian rupee seen sliding this year

The Indian rupee could weaken further this year as oil imports remain costly and doubts persist about the new government's economic reform agenda. But economists expect the rupee to recover in early 2005.
Published 23 Aug, 2004 12:00am
Cairo bourse rises with OT in focus over results

Cairo bourse rises with OT in focus over results

Egyptian stocks rose on Sunday after a recent correction with investors showing interest in Orascom Telecom (OT) on expectations the firm will post strong first half 2004 results, traders said.
Published 23 Aug, 2004 12:00am
US stocks may rally if oil price eases

US stocks may rally if oil price eases

Investors will watch for oil news from Russia and Iraq this week, but scepticism that crude prices can stay sky-high is growing and a break in the energy market would fuel a rally in US stock markets.
Published 23 Aug, 2004 12:00am
Auction debate to outlive Google debut

Auction debate to outlive Google debut

Google Inc debuted as a public company last week, but that did not stop the debate over whether its auction-based IPO was a success or will influence future IPOs.
Published 23 Aug, 2004 12:00am
Auction debate to outlive Google debut

Auction debate to outlive Google debut

Google Inc debuted as a public company last week, but that did not stop the debate over whether its auction-based IPO was a success or will influence future IPOs.
Published 23 Aug, 2004 12:00am
Taiwan stocks seen up on foreign buying and GDP

Taiwan stocks seen up on foreign buying and GDP

Taiwan stocks are expected to extend a 1-month high this week as foreign investors step up their buying and after the government raised its economic growth forecast for 2004.
Published 23 Aug, 2004 12:00am
Egypt interbank rate falls

Egypt interbank rate falls

The median overnight interbank rate on the Egyptian pound slipped to five percent on Sunday from six percent on Thursday as banks waited for the result of a 91-day central bank treasury bill auction, brokers said.
Published 23 Aug, 2004 12:00am
Rentokil a focus for range-bound FTSE-100

Rentokil a focus for range-bound FTSE-100

A long-awaited strategy review from services group Rentokil will provide a focus this week for UK investors, jaded by concerns over rocketing high oil prices and thin trading volumes.
Published 23 Aug, 2004 12:00am
Singapore to back China in any Taiwan conflict

Singapore to back China in any Taiwan conflict

Singapore will not support Taiwan if China attacks the island in retaliation for any push for independence, Singapore's new Prime Minister Lee Hsien Loong said on Sunday, as tensions simmer on the Taiwan strait.
Published 23 Aug, 2004 12:00am
Chinese president hails Deng's achievements

Chinese president hails Deng's achievements

Chinese President Hu Jintao on Sunday praised the achievements of late paramount leader Deng Xiaoping, the father of China's modernisation drive, as the country marked the centenary of his birth.
Published 23 Aug, 2004 12:00am
US troops kill 3 Afghan civilians

US troops kill 3 Afghan civilians

US-led soldiers killed three civilians overnight when they opened fire on a vehicle carrying six family members which attempted to run a checkpoint in southern Afghanistan, the US-led military Sunday.
Published 23 Aug, 2004 12:00am
Putin makes surprise visit to Chechnya before elections

Putin makes surprise visit to Chechnya before elections

Wearing black, a somber Russian President Vladimir Putin made a surprise visit to Chechnya on Sunday, laying a wreath at the grave of its assassinated leader who was Kremlin's main ally in the war-torn republic.
Published 23 Aug, 2004 12:00am
Iran's Bushehr atomic power plant faces further delay

Iran's Bushehr atomic power plant faces further delay

Iran on Sunday announced a further substantial delay in the long overdue project to complete its first nuclear power plant, part of a programme which Washington says could be used to make atomic arms.
Published 23 Aug, 2004 12:00am
New Somali parliament sworn in

New Somali parliament sworn in

International mediators swore in members of Somalia's new parliament on Sunday, a move seen as a crucial step towards setting up a central authority in the only country without a national government.
Published 23 Aug, 2004 12:00am
Muslim figures from 30 states back Iraqi insurgents

Muslim figures from 30 states back Iraqi insurgents

Ninety-three prominent Muslim figures opposed to US troops in Iraq called on Muslims around the world to support resistance to US forces and to the Iraqi government installed in June.
Published 23 Aug, 2004 12:00am
FBI fumbled on terror financing, says 9/11 panel

FBI fumbled on terror financing, says 9/11 panel

The FBI knew about specific suspected al Qaeda fundraisers before the Sept. 11 attacks but failed to tackle the problem, the September 11 Commission said in a staff report released on Saturday.
Published 23 Aug, 2004 12:00am
Uma Bharti to quit

Uma Bharti to quit

The chief minister of a key central Indian state has sought to resign after a court ordered her arrest in connection with a 10-year-old rioting case, the head of her Hindu nationalist party said on Sunday.
Published 23 Aug, 2004 12:00am
Armed robbers steal Munch's 'The Scream'

Armed robbers steal Munch's 'The Scream'

Armed robbers stole "The Scream" and another masterpiece by Norwegian artist Edvard Munch on Sunday in a bold daytime raid on an Oslo museum packed with terrified tourists.
Published 23 Aug, 2004 12:00am
US accused of destroying hope over Jewish settlements

US accused of destroying hope over Jewish settlements

Palestinians, backed by the Arab League, accused the United States on Sunday of destroying the Middle East peace process after Washington signalled it could accept some growth of Israeli settlements.
Published 23 Aug, 2004 12:00am
Maoists attack Nepalese district headquarters

Maoists attack Nepalese district headquarters

More than 1,000 Maoists launched a violent assault on a district headquarters in Nepal's north-western mountains, officials said Sunday, as angry traders rallied on the streets of Kathmandu to protest a crippling rebel blockade of the capital, now also hi
Published 23 Aug, 2004 12:00am
Mango growers seek government's help

Mango growers seek government's help

The Mango Growers Association (MGA) has demanded of the government to share in swift completion agriculture export processing zone (EPZ) and not to leave it at the mercy of private sector.
Published 23 Aug, 2004 12:00am
Nazi hatred haunts Norway's war children

Nazi hatred haunts Norway's war children

One day hailed as a superior race, the next shunned as retards and carriers of evil Nazi blood - the children of Norwegian mothers and German fathers did not join the national celebrations when World War Two ended.
Published 23 Aug, 2004 12:00am
Handloom institute upgraded

Handloom institute upgraded

Vice chancellor of Bahauddin Zakariya University Multan Professor Dr Karamat Ali has said that it is a great feat of Syed Muhammad Qasim Shah and his team that they have established a textile engineering college in Multan with the assistance of Export Pro
Published 23 Aug, 2004 12:00am
Indian hangman starts trade in 'magic' nooses

Indian hangman starts trade in 'magic' nooses

He retired after carrying out India's first execution in nearly a decade, but Calcutta's veteran hangman is still in the business. He is selling strands of his final noose - rumoured to have magical powers - and finding both a ready market and revulsion.
Published 23 Aug, 2004 12:00am
River slaying casts shadow over Kosovo future

River slaying casts shadow over Kosovo future

Milisav Dakic said his wife had warned him not to let the children play outside their Serb enclave in Kosovo. But the summer heat was stifling, and the nearby stream was a popular place to cool off.
Published 23 Aug, 2004 12:00am
Growing public preference for packaged milk

Growing public preference for packaged milk

Milk is a vital component of our diet being a complete food. However loose milk can also be a carrier of disease causing micro-organisms, especially as water is invariably added to it.
Published 23 Aug, 2004 12:00am
Accountants in new age economy

Accountants in new age economy

We are currently living in the new age of materialism which has not only jolted giant corporate entities like Enron, World Com, Global crossing etc but has also resulted in the collapse of one of the big five accounting firm, Arthur Anderson.
Published 23 Aug, 2004 12:00am
Celebrations and poverty

Celebrations and poverty

While the nation celebrated the 58th Independence Day with zeal and fervour having renewed commitment to make Pakistan a prosperous state, and the President, PM, Federal Ministers and other elite enjoyed the musical function at the President House, the tw
Published 23 Aug, 2004 12:00am
Good governance and Musharraf

Good governance and Musharraf

After almost four years of good governance by President Musharraf, the country is prospering. The law and order situation has never been so good.
Published 23 Aug, 2004 12:00am
Forex management and policy

Forex management and policy

State Bank seems to be on the defensive. First, it had to justify its policy of building foreign exchange reserves through purchases from the open market and now it is pre-occupied with defending the rupee exchange rate and warning the market participants
Published 23 Aug, 2004 12:00am
Prospect of desalination dream coming true

Prospect of desalination dream coming true

Speaking as chief guest at the groundbreaking ceremony of power supply and desalination plant of Defence Housing Authority in Karachi, on Friday, President General Pervez Musharraf made pointed references to the Authority's earlier efforts for improvement
Published 23 Aug, 2004 12:00am
Scanning of export containers

Scanning of export containers

A controversy is fast developing between the exporters and the Customs department, with regard to the need to screen all export cargo containers. As reported in the newspapers the Pakistan Customs have asked the two ports and the container terminal operat
Published 23 Aug, 2004 12:00am
Tarbela key factor in food self-sufficiency

Tarbela key factor in food self-sufficiency

Tarbela, world's largest earth and rock-filled dam with 85 years life is key factor in self-sufficiency in food and accelerating the pace of national economic development.
Published 23 Aug, 2004 12:00am
Workshops to promote standards, accreditation

Workshops to promote standards, accreditation

Consumer Protection Council of Helpline Trust & Pakistan Certification Bodies Association, in collaboration with Pakistan National Accreditation Council, are organising a series of focused workshops of all the stakeholders to promote Standards & Accredita
Published 23 Aug, 2004 12:00am
Ipra's PR crown to be awarded by year-end

Ipra's PR crown to be awarded by year-end

International Public Relations Association (Ipra)-Pakistan would award Public Relations (PR)-Crown to the outstanding performers in the media industry by the end of this year.
Published 23 Aug, 2004 12:00am
Quick Reaction Force to supplement Madadgar-15 centres

Quick Reaction Force to supplement Madadgar-15 centres

The Madadgar-15 centres in Karachi would be supplemented and strengthened further in a week with deployment of newly created Quick Reaction Force (QRF) to combat the crimes through swift action.
Published 23 Aug, 2004 12:00am
Registration of indigenously made rickshaws ordered

Registration of indigenously made rickshaws ordered

Excise and Taxation officials have been directed to start registration of indigenously made three-wheeler rickshaws which are being used for passengers or transportation.
Published 23 Aug, 2004 12:00am
New AJK High Court Chief Justice takes oath

New AJK High Court Chief Justice takes oath

Justice Riaz Akhter Chaudhry, the senior most judge of Azad Jammu & Kashmir High Court has taken the oath as Chief Justice of Azad Jammu Kashmir High Court in a ceremony held late Saturday in the Kashmir House Islamabad.
Published 23 Aug, 2004 12:00am
PARC board of governors meeting on August 23

PARC board of governors meeting on August 23

The Federal Minister for Food, Agriculture and Livestock Sardar Yar Muhammad Rind will preside over the 23rd meeting of the Pakistan Agricultural Research Council (PARC) Board of Governors here on Monday (August 23) at 11.00 am.
Published 23 Aug, 2004 12:00am
Ulema urged to help differentiate Jihad and terrorism

Ulema urged to help differentiate Jihad and terrorism

Provincial Minister for Religious Affairs and Auqaf, Sahibzada Syed Saeedul Hassan Shah has urged the Ulema to play their role in highlighting the difference between terrorism and Jihad, to dispel wrong impression about Islam.
Published 23 Aug, 2004 12:00am
PML being re-organised, says Mushahid

PML being re-organised, says Mushahid

Pakistan Muslim League Secretary General Senator Mushahid Hussain Sayed on Sunday said that PML was being re-organised with active participation of its workers and now it had become a mass party.
Published 23 Aug, 2004 12:00am
CEC reminds political parties to submit accounts by August 29

CEC reminds political parties to submit accounts by August 29

The Chief Election Commissioner former Chief Justice Irshad Hasan Khan has reminded the political parties to submit a consolidated statement of their party accounts, audited by a Chartered Accountant, to the Election Commission within 60 days from the clo
Published 23 Aug, 2004 12:00am
Bosnian President due on August 24

Bosnian President due on August 24

President Bosnia and Herzegovina, Sulejman Tihic will be arriving here Tuesday on a four-day official visit, to discuss bilateral relations besides holding talks on a wide range of regional as well as global issues.
Published 23 Aug, 2004 12:00am
Rs 13 billion earmarked for water and sewerage system improvement

Rs 13 billion earmarked for water and sewerage system improvement

City Nazim Karachi Naimatullah Khan Advocate said that Rs 13 billion out of 29 billion President Musharraf's Karachi Package had been earmarked for the improvement of water supply and drainage system in Karachi and added that department of water and sanit
Published 23 Aug, 2004 12:00am
Umar Gul sent to South Africa for treatment

Umar Gul sent to South Africa for treatment

Pakistan's fast bowler, Umar Gul, has been sent to South Africa for treatment on a career-threatening back injury that has kept him out of action since April.
Published 23 Aug, 2004 12:00am
Marksman Khurram too make unceremonious exit

Marksman Khurram too make unceremonious exit

Khurram Inam, Pakistan's lone shooter, failed to qualify in the skeet event of the Athens Olympics shooting competition with a poor show on the second day of the qualifying rounds here Sunday.
Published 23 Aug, 2004 12:00am
Woolmer wary of India treble

Woolmer wary of India treble

Pakistan coach, Bob Woolmer, tried to play down hopes of his side making it three wins in a row against arch-rivals India following a convincing 66-run victory in the opening match of the triangular series.
Published 23 Aug, 2004 12:00am
Ashour lift world junior squash title

Ashour lift world junior squash title

Rainy Ashour of Egypt knocked out Pakistan's Yasir Butt in straight games to clinch the individual title of the World Junior Squash Championship here on Sunday.
Published 23 Aug, 2004 12:00am
FIH chief satisfied with Champions Trophy arrangements

FIH chief satisfied with Champions Trophy arrangements

The International Hockey Federation (FIH), has welcomed the return of international hockey to Pakistan and looks forward to a successful holding of the Champions Trophy in December, said FIH President, Else Van Breda here Sunday.
Published 23 Aug, 2004 12:00am
PSP commences production of machine readable passports

PSP commences production of machine readable passports

Pakistan Security Printing Corporation (PSPC) has commenced the high-tech production of Machine Readable Passport booklets. To mark the auspicious occasion, a simple ceremony was held at the PSPC factory at Malir, on Friday.
Published 23 Aug, 2004 12:00am
Training course for school principals concludes

Training course for school principals concludes

Four-week quality training programme for principals and senior staff of schools running under the control of Punjab Workers Welfare Board (PWWB) has been completed at Management and Professional Development Department (MPDD).
Published 23 Aug, 2004 12:00am
Cotton market following speculative New York futures

Cotton market following speculative New York futures

Recent rainfalls in cotton areas of Punjab and Sindh are reported to be quite beneficial to the development of cotton crop, increasing prospects of a bumper crop. In early sowing areas, harvesting is already in progress.
Published 23 Aug, 2004 12:00am
Cotton market following speculative New York futures

Cotton market following speculative New York futures

Recent rainfalls in cotton areas of Punjab and Sindh are reported to be quite beneficial to the development of cotton crop, increasing prospects of a bumper crop. In early sowing areas, harvesting is already in progress.
Published 23 Aug, 2004 12:00am
Sindh governor orders shifting of inter-city bus terminals

Sindh governor orders shifting of inter-city bus terminals

The Sindh Governor Dr Ishratul Ibad, taking notice of inter-city bus terminals that has been set up throughout the city, directed for their early shifting to ensure smooth flow of traffic and ease out of rush from the city roads.
Published 23 Aug, 2004 12:00am
Unisame plans to help new small, medium entrepreneurs

Unisame plans to help new small, medium entrepreneurs

"We are referring to existing small and medium enterprise owners, new entrants and retired persons who are planning to enter business and need to be supported and also unemployed youths, "said Zulfikar Thaver, president of Union of Small & Medium Enterpri
Published 23 Aug, 2004 12:00am