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Print - 2004-09-06
The Weather

The Weather

The weather report on Sunday (September 05) and the forecast for Monday (September 06, 2004).
Published 06 Sep, 2004 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week.
Published 06 Sep, 2004 12:00am
Alitalia to unveil rescue plan

Alitalia to unveil rescue plan

The management of troubled Italian carrier Alitalia is due on Monday to unveil a rescue plan to stave off bankruptcy, which the Italian media says will include 5,100 job cuts.
Published 06 Sep, 2004 12:00am
Libya woos investment for oil sector

Libya woos investment for oil sector

Libya on Sunday set out the terms for foreign companies to obtain oil exploration rights in the vast desert country using a transparent bidding process aimed at wooing foreign investment for its sanctions-ravaged industry.
Published 06 Sep, 2004 12:00am
EU ministers debate ways to streamline farm policy

EU ministers debate ways to streamline farm policy

EU farm ministers opened a debate on Sunday on how European agricultural policy might become more flexible and better tailored to reflect the vast differences between the bloc's 25 member states.
Published 06 Sep, 2004 12:00am
Saudi Arabia and US to hold new round of WTO negotiations

Saudi Arabia and US to hold new round of WTO negotiations

Saudi Arabia said Sunday it will hold a new round of negotiations with the United States aiming to eliminate remaining obstacles in the way of the kingdom's accession to the World Trade Organisation (WTO).
Published 06 Sep, 2004 12:00am
Tunisia's textile industry faces Asian challenge

Tunisia's textile industry faces Asian challenge

Tunisia's textile industry, a leading force in the country's economy in recent years, could plunge into recession with the dismantling next year of the Multi-Fiber Agreement (MFA) limiting the access of Asian goods to the European market.
Published 06 Sep, 2004 12:00am
Europe legislates to cut stigma of bankruptcy

Europe legislates to cut stigma of bankruptcy

Two centuries after the United States introduced tolerant treatment for bankrupt companies to keep its railroads rolling, Europe is copying that lenience, with Spain adopting a new bankruptcy law on Wednesday and more to follow.
Published 06 Sep, 2004 12:00am
Oil to keep flowing to China: Putin

Oil to keep flowing to China: Putin

Russia will see that YUKOS oil company's contracts with China are honoured despite over $7 billion in back-tax claims against the country's largest oil exporter, UK newspaper The Business said on Sunday.
Published 06 Sep, 2004 12:00am
Egypt's OCI doubles 2004 first-half net profit

Egypt's OCI doubles 2004 first-half net profit

Egypt's Orascom Construction Industries (OCI) said on Sunday it had almost doubled net income in the first-half of 2004 to 502.8 million Egyptian pounds ($80.8m) compared to a year ago.
Published 06 Sep, 2004 12:00am
Egypt's OCI doubles 2004 first-half net profit

Egypt's OCI doubles 2004 first-half net profit

Egypt's Orascom Construction Industries (OCI) said on Sunday it had almost doubled net income in the first-half of 2004 to 502.8 million Egyptian pounds ($80.8m) compared to a year ago.
Published 06 Sep, 2004 12:00am
British military nears truck contract award

British military nears truck contract award

The British Ministry of Defence is close to a decision on awarding a contract for the replacement of a fleet of military trucks, a German newspaper reported on Sunday.
Published 06 Sep, 2004 12:00am
China plans four more hydropower stations

China plans four more hydropower stations

China plans to build four more hydro-electric power stations on the upper reaches of the Yangtze River, state media reported Sunday.
Published 06 Sep, 2004 12:00am
Australia, New Zealand and Asean trade deal by 2007

Australia, New Zealand and Asean trade deal by 2007

The Association of Southeast Asian Nations (Asean), Australia and New Zealand agreed on Sunday to launch negotiations on a free trade agreement next year, Australia's Trade Minister Mark Vaile said.
Published 06 Sep, 2004 12:00am
Egypt interbank rate steady at 8 percent

Egypt interbank rate steady at 8 percent

The median overnight interbank rate on the Egyptian pound was eight percent on Sunday, unchanged from Thursday's level, in the middle of a period for calculating bank reserves, dealers said.
Published 06 Sep, 2004 12:00am
OCI leads Cairo bourse up before results

OCI leads Cairo bourse up before results

Orascom Construction Industries (OCI) led Egypt's benchmark index to a fresh all-time closing high on Sunday as the stock surged on expectations of strong results due out after the close of trading, traders said.
Published 06 Sep, 2004 12:00am
Taiwan stocks seen weaker, eye on sales reports

Taiwan stocks seen weaker, eye on sales reports

Taiwan stocks could pull back this week as expected weak August revenues add to worries over Intel Corp's unexpected sharp cut in forecast sales weighs on heavyweight tech stocks that had led a recent rally.
Published 06 Sep, 2004 12:00am
China freezes IPOs to revamp stock pricing system

China freezes IPOs to revamp stock pricing system

China will suspend IPOs for up to a month to revamp a system criticised for inflating company values, handing Asia's second-worst performing stock market this year some relief from a flood of new issues.
Published 06 Sep, 2004 12:00am
Tokyo stocks may have firm tone in data-heavy week

Tokyo stocks may have firm tone in data-heavy week

Tokyo stocks are likely to firm this week, with hopes high for an upward revision to Japan's growth and after US investors, back from holidays, cast fresh eyes on the world's second-largest economy.
Published 06 Sep, 2004 12:00am
BNP to advise Iran Khodro on rating and bond issue

BNP to advise Iran Khodro on rating and bond issue

Iran Khodro, the largest car maker in the Middle East, has chosen France's BNP to advise on a credit rating and lead its bond issue, an advisor to the company said on Sunday.
Published 06 Sep, 2004 12:00am
BNP to advise Iran Khodro on rating and bond issue

BNP to advise Iran Khodro on rating and bond issue

Iran Khodro, the largest car maker in the Middle East, has chosen France's BNP to advise on a credit rating and lead its bond issue, an advisor to the company said on Sunday.
Published 06 Sep, 2004 12:00am
Inflation to check Indian shares and bonds up on central bank

Inflation to check Indian shares and bonds up on central bank

Rising inflation will keep Indian stocks from making significant gains this week while bonds are expected to rise after the central bank last week allowed banks to defer booking paper losses on federal bond investments.
Published 06 Sep, 2004 12:00am
Oil outlook likely to overshadow European markets

Oil outlook likely to overshadow European markets

The European results season trundles on this week with earnings from a number of top companies but volatile oil prices are likely to continue dominating investor sentiment, analysts said.
Published 06 Sep, 2004 12:00am
HBOS board to decide this week on Abbey bid

HBOS board to decide this week on Abbey bid

The board of UK bank HBOS is due to decide this week whether to bid against Spanish bank Santander for local rival Abbey National, newspapers said on Sunday, but HBOS declined to comment.
Published 06 Sep, 2004 12:00am
HBOS board to decide this week on Abbey bid

HBOS board to decide this week on Abbey bid

The board of UK bank HBOS is due to decide this week whether to bid against Spanish bank Santander for local rival Abbey National, newspapers said on Sunday, but HBOS declined to comment.
Published 06 Sep, 2004 12:00am
UK stocks: Cairn set to shine but BAE and ITV doubts nag

UK stocks: Cairn set to shine but BAE and ITV doubts nag

Scottish oil explorer Cairn Energy is set to grab the UK stock market's limelight this week by winning a slot in the FTSE 100 share index on the same day it releases results and updates on its Indian oil finds.
Published 06 Sep, 2004 12:00am
Tech, oil and Frances to rule US markets

Tech, oil and Frances to rule US markets

As if Intel's profit bomb didn't put enough of a damper on the summer-ending long weekend, investors returning this week after Labour Day will be wary of a market offering as much pitfall as promise.
Published 06 Sep, 2004 12:00am
19 killed in China

19 killed in China

Torrential rains have triggered landslides and flash floods that have killed 19 people and injured 40 in China's western province of Sichuan, state media said on Sunday.
Published 06 Sep, 2004 12:00am
Three Saudi security officers killed in car chase

Three Saudi security officers killed in car chase

Three Saudi security officers were killed Sunday when their patrol car caught fire after being hit by gunfire while chasing suspected extremists in an area considered a militant haven, a security source said.
Published 06 Sep, 2004 12:00am
Russian school siege town buries first of its dead

Russian school siege town buries first of its dead

The sound of weeping mothers who lost their sons and daughters in Russia's school siege drifted out of the homes of Beslan on Sunday as the first burials were held for some of the 338 people killed.
Published 06 Sep, 2004 12:00am
Lebanon says relationship with Syria will continue

Lebanon says relationship with Syria will continue

Lebanon's president reaffirmed on Sunday that Beirut would continue to work closely with Syria, as hundreds of Lebanese came to congratulate him on the extension of his term, which Washington says was orchestrated by Damascus.
Published 06 Sep, 2004 12:00am
Two killed and 10 hurt in Bangladesh blast

Two killed and 10 hurt in Bangladesh blast

Two people were killed and 10 wounded in a bomb blast in north-eastern Bangladesh on Sunday, in the latest of a series of attacks that have killed more than 100 people in the past four years, police said.
Published 06 Sep, 2004 12:00am
Tehran to send nuclear negotiator to Europe

Tehran to send nuclear negotiator to Europe

Iran said Sunday it was sending its top national security official to Europe to forestall US efforts to haul the Islamic republic before the UN Security Council over its nuclear programme.
Published 06 Sep, 2004 12:00am
Second quake hits Japan

Second quake hits Japan

An earthquake measuring about 7.3 on the Richter scale shook western Japan on Sunday, the second strong quake to hit the area in five hours, and evacuations were ordered as tsunamis approached the coast, NHK television said.
Published 06 Sep, 2004 12:00am
Malaysian Prime Minister denies deal with Anwar

Malaysian Prime Minister denies deal with Anwar

Malaysian Prime Minister Abdullah Ahmad Badawi has denied that he struck a deal with Anwar Ibrahim before the rebel politician was freed last week after nearly six years in jail.
Published 06 Sep, 2004 12:00am
Peace march staged as curfew relaxed in Kathmandu

Peace march staged as curfew relaxed in Kathmandu

Some 3,000 people from various religious groups in Nepal took advantage of the relaxation of a curfew to stage a peace march through the streets of the capital Kathmandu on Sunday, organisers said.
Published 06 Sep, 2004 12:00am
NRB holds 100 consultative meetings in two years

NRB holds 100 consultative meetings in two years

Chairman, National Reconstruction Bureau (NRB), Daniyal Aziz on Sunday said that during the last two years about 100 consultative meetings have been convened aimed at streamlining and smooth functioning of the Local Government system
Published 06 Sep, 2004 12:00am
Lessons of the 1965 War

Lessons of the 1965 War

The conduct of maritime operations by Pakistan Navy (PN) in the 1965 War is a story of grand success, a parallel of which is difficult to find in the annals of naval warfare. PN, notwithstanding its size, has always been in the forefront to ensure the mar
Published 06 Sep, 2004 12:00am
Remembering 6th September, 1965

Remembering 6th September, 1965

His actual name was Leonard Spencer but the world knows him as Winston Churchill (1874-1965). He was a very proud Briton, an outstanding soldier, an accomplished politician, an intelligent planner and a very clear-headed strategist. He, solely and singula
Published 06 Sep, 2004 12:00am
6th September - the day of commitment

6th September - the day of commitment

Today we are celebrating our defence day with full courage, devotion and commitment. All of our men, women, youth, children and old people are celebrating this day with the commitment that they are proud of the Pakistan Army and they will be standing shou
Published 06 Sep, 2004 12:00am
Message from Chief of the Air Staff

Message from Chief of the Air Staff

Our, armed forces, whenever called upon to defend their national integrity and solidarity, have always displayed courage, valour and professionalism. When the hour of trial arrived on 6th September, thirty-nine years ago, the enemy found our entire nation
Published 06 Sep, 2004 12:00am
Message from Chief of the Naval Staff

Message from Chief of the Naval Staff

The Defence Day of Pakistan reminds us of the indomitable courage of the people and the Armed Forces of Pakistan in thwarting the nefarious designs of an enemy five times in size and equipped with much superior weapons.
Published 06 Sep, 2004 12:00am
Message from Chairman Joint Chiefs of Staff Committee

Message from Chairman Joint Chiefs of Staff Committee

The Defence Day has come this year amid compelling reasons for the Nation and its Armed Forces to remain vigilant against both external and internal threats. The Pakistan Armed Forces reiterate their abiding commitment towards defence of the motherland.
Published 06 Sep, 2004 12:00am
Suspicion reigns in Uzbekistan after deadly blasts

Suspicion reigns in Uzbekistan after deadly blasts

The hunt for Islamists blamed for a series of attacks in Uzbekistan that have left more than 50 people dead this year is in full swing, but those asked to become the state's eyes and ears are not all enthusiastic.
Published 06 Sep, 2004 12:00am
Jewellers concerned over sealing of workshops

Jewellers concerned over sealing of workshops

A delegation of jewellers community called on Co-ordination Committee of MQM at Khurshid Memorial Hall Azizabad and expressed concern over the situation emerged after KBCA action of sealing the jewellery workshops in Sadar Town, Karachi.
Published 06 Sep, 2004 12:00am
Bollywood film tackles HIV stigma in India

Bollywood film tackles HIV stigma in India

In a movie-mad country where people are shy about discussing sex, a Bollywood film-maker hopes to shed some light on India's potentially disastrous HIV problem.
Published 06 Sep, 2004 12:00am
Developers mafia

Developers mafia

I am a simple man working in a bank as a clerk. I had a wish to have my own small flat. For that I saved my hard earned money and booked a flat No A-207, in Shafi Excellency project on 28th August, 2003 in North Karachi. Down payment asked for was Rs 8,00
Published 06 Sep, 2004 12:00am
PIA's declining revenue

PIA's declining revenue

PIA's recent decline in revenue, especially during the last quarter, which includes the peak summer period, should have raised a lot of eyebrows in Islamabad.
Published 06 Sep, 2004 12:00am
Installation of scanners

Installation of scanners

Pakistan's exports have done well in the last four years and are of course capable of significant further growth. However, recent developments on the subject matter has not only caused serious concerns in the port and shipping sector and the trade but wil
Published 06 Sep, 2004 12:00am
Kashmir pilgrimage over, only the litter remains

Kashmir pilgrimage over, only the litter remains

Their souls may have been cleansed, but record numbers of pilgrims trekking this year to one of Hinduism's holiest shrines in the Himalayas of India Kashmir have left unprecedented amounts of earthly trash in their wake.
Published 06 Sep, 2004 12:00am
Tasman spillage, a safe solution needed

Tasman spillage, a safe solution needed

Environmental accidents and disasters wreak long lasting health and economic damage not only to their unsuspecting victims but to the entire nation.
Published 06 Sep, 2004 12:00am
The premiership of Shaukat Aziz: the promise and the challenge

The premiership of Shaukat Aziz: the promise and the challenge

'Shaukat Aziz, Har Dil Aziz' proclaim the banners on the streets of Islamabad and Rawalpindi. This is one perception of Shaukat Aziz, shared by the 'masses', as he ascends the high office of the Prime Minister of Pakistan after winning two safe by-electio
Published 06 Sep, 2004 12:00am
Restrictions on telecom firms

Restrictions on telecom firms

In restraining telecom operators, with the status of significant market power (SMP), from indiscriminate tariff reductions and indulging in other practices prejudicial to this status, the Pakistan Telecommunication Authority (PTA) has certainly acted in a
Published 06 Sep, 2004 12:00am
The wisdom of Mahathir's advice

The wisdom of Mahathir's advice

The former Malaysian Prime Minister, Mahathir Mohamad - much respected in the Muslim world for having led Malaysia to achieve the singular distinction of being counted among the developed nations, and also for his unencumbered advice to both the West and
Published 06 Sep, 2004 12:00am
Nigerian armed forces delegation arrives

Nigerian armed forces delegation arrives

A seven member delegation of Nigerian Armed Forces headed by General Alexandar Odaredue Ogomudia, Chief of Defence Staff arrived on a ten day long official visit to Pakistan.
Published 06 Sep, 2004 12:00am
World seminar on medicinal plants opens on September 7

World seminar on medicinal plants opens on September 7

An international symposium on medicinal plants, organised by the Ministry of Food and Agriculture, to be participated by eminent scientists from home and abroad, begins here tomorrow (Tuesday).
Published 06 Sep, 2004 12:00am
Rice exporters concerned over delay in RTI establishment

Rice exporters concerned over delay in RTI establishment

The Rice Exporters Association of Pakistan has expressed grave concern over the inordinate delay in the establishment of a Rice Training Institute (RTI) by the relevant authorities of concerned departments.
Published 06 Sep, 2004 12:00am
Janam Ashtami on September 7

Janam Ashtami on September 7

The "Janam Ashtami, the birth festival of Lord Krishna will be celebrated by the Hindu community at Shri Narain Temple, M.A. Jinnah Road here on Tuesday.
Published 06 Sep, 2004 12:00am
Teachers advised to keep themselves update

Teachers advised to keep themselves update

The teachers should not confine themselves to teaching the syllabus only and but also keep themselves update in their respective disciplines with the help of technology.
Published 06 Sep, 2004 12:00am
Automatic clearance procedure at dry ports

Automatic clearance procedure at dry ports

Customs Department is introducing "Automatic Clearance Procedure"(ACP)at dry ports and customs offices after which the registered importers/exporters having good repute would be entitled to get clearance through ACP, said Muhammad Ramzan Bhatti, Member (C
Published 06 Sep, 2004 12:00am
Four SHOs suspended

Four SHOs suspended

City Police Chief DIG Tariq Saleem has suspended four SHOs of different police stations of the city for not registering cases during last week.
Published 06 Sep, 2004 12:00am
Balochistan local government commission delegation

Balochistan local government commission delegation

A delegation of Balochistan Local Government Commission, headed by Hafiz Hussain Ahmed Sharwodi, Minister for Local Government, Balochistan, will visit Karachi from September 7 to 10.
Published 06 Sep, 2004 12:00am
Training programme for professors and lecturers

Training programme for professors and lecturers

The Institute of Bankers Pakistan (IBP) is holding a 5-day training programme for Commerce Professors and Lecturers from September 5 to 11, 2004. Focusing on critical areas of banking and finance, the programme aims at providing an opportunity of learning
Published 06 Sep, 2004 12:00am
Finance department for early GP fund cases' finalisation

Finance department for early GP fund cases' finalisation

Sindh Finance and Co-operation Department has directed that quarterly returns of pending pension and GP fund cases with details/justification thereon along with correct GP fund account numbers in each case be sent to this department/committee within a mon
Published 06 Sep, 2004 12:00am
Regional centres to be set up for promoting Punjabi culture

Regional centres to be set up for promoting Punjabi culture

The Institute of Punjabi Language, Arts and Culture (IPLAC), recently established by the provincial government with its head office at Lahore, will establish its regional centres at different remote cities to promote the local script and dialect of Punjab
Published 06 Sep, 2004 12:00am
Restoration of democracy an uphill task: Asghar

Restoration of democracy an uphill task: Asghar

Air Marshal Asghar Khan (Retd) has said the restoration of democracy in the country has become difficult task as politicians have lost their credibility in the country.
Published 06 Sep, 2004 12:00am
NWFP chief minister for expediting work on DERA

NWFP chief minister for expediting work on DERA

Chief Minister Akram Khan Durrani has directed acceleration of work on development activities initiated under Drought Effected Rehabilitation Area (DERA) programme in 14 districts of the province.
Published 06 Sep, 2004 12:00am
Edhi appeals for kidney donation to Dadu judge

Edhi appeals for kidney donation to Dadu judge

Additional District and Session Judge, Dadu Javed Qaiser has been diagnosed a kidney transplant by doctors treating him, well known social workers Maulana Abdul Sattar and Begum Bilquis Edhi said here on Sunday.
Published 06 Sep, 2004 12:00am
Rally held against demolition of LHC building

Rally held against demolition of LHC building

Institute of Architects, Pakistan (IAP), on Sunday staged a protest demonstration against the demolition of the Lahore High Court Building here outside Lahore Press Club.
Published 06 Sep, 2004 12:00am
PCHR hails release of Anwar Ibrahim

PCHR hails release of Anwar Ibrahim

The Chairman Parliamentarians Commission for Human Rights (PCHR) Pakistan, Riaz Fatyana member of National Assembly (MNA) welcomed Malaysia's highest court ruling overturning former Malaysian Deputy Prime Minister Anwar Ibrahim's conviction and sentence o
Published 06 Sep, 2004 12:00am
Plan to develop Fata wastelands designed: SPDP

Plan to develop Fata wastelands designed: SPDP

The locally-made wind turbine having a capacity of generating two horsepower electricity which is in final stages at village Lalmay situated 10-km of Kurram Agency near Pak-Afghan border has been designed to develop vast plains of wastelands of Fata on su
Published 06 Sep, 2004 12:00am
National Bank employees hold demonstration

National Bank employees hold demonstration

Hundreds of employees and officers of National Bank of Pakistan (NBP) held a protest demonstration here on Sunday against what they called 'illegal occupation' by outlaws of 901 acres of land owned by National Bank Officers Housing Society in Mouza Kashmi
Published 06 Sep, 2004 12:00am