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Print - 2004-10-08
Bangladesh tornados kill seven

Bangladesh tornados kill seven

Seven people were killed and hundreds were injured when a series of tornados ripped through parts of Bangladesh Thursday, officials said.
Published 08 Oct, 2004 12:00am
Iran to further improve Shahab-3 missile

Iran to further improve Shahab-3 missile

Iran intends to further improve its Shahab-3 missiles, which already have a claimed range of 2,000 kilometres (1,240 miles), a senior official was quoted as saying Thursday.
Published 08 Oct, 2004 12:00am
Blair study shows how West harms Africa: expert

Blair study shows how West harms Africa: expert

Rich nations must stop their citizens laundering money, selling arms and looting resources in Africa in order to help the continent fight poverty, a UK expert on Thursday quoted a draft of a British-backed report as saying.
Published 08 Oct, 2004 12:00am
US urges EU to maintain arms embargo on China

US urges EU to maintain arms embargo on China

The United States appealed to the European Union on Thursday not to scrap its 15-year-old arms embargo on China, arguing such a move could endanger American troops in the Asia-Pacific region.
Published 08 Oct, 2004 12:00am
Resistance in Iraq legitimate, says Gadhafi

Resistance in Iraq legitimate, says Gadhafi

Libyan leader Muammar Gadhafi said Wednesday that the ongoing "resistance" to the US-led forces in Iraq was legitimate, while condemning acts of violence perpetrated in the country.
Published 08 Oct, 2004 12:00am
Megawati concedes defeat

Megawati concedes defeat

President Megawati Sukarnoputri conceded defeat in Indonesia's first direct leadership ballot on Thursday by not filing any complaints, despite claims from her party of vote fraud.
Published 08 Oct, 2004 12:00am
UK admits no legal proof against detainees

UK admits no legal proof against detainees

Britain said on Thursday it did not have enough evidence to prosecute men it is holding without trial under emergency anti-terrorism laws rushed through after the September 11, 2001 attacks on the United States.
Published 08 Oct, 2004 12:00am
Judge in London gives okay to let premature baby die

Judge in London gives okay to let premature baby die

Doctors caring for a critically-ill premature baby, Charlotte Wyatt, were given permission by a British judge on Thursday to allow her to die if her condition seriously deteriorates and her breathing stops.
Published 08 Oct, 2004 12:00am
US eyes new mobile brigade for Germany

US eyes new mobile brigade for Germany

The United States plans to station a new Stryker armoured vehicle brigade in south-eastern Germany as early as 2006, just as it starts withdrawing some 30,000 troops from the country as part of a major force realignment.
Published 08 Oct, 2004 12:00am
Bush holds narrow lead on Kerry

Bush holds narrow lead on Kerry

President George W. Bush holds a narrow two-point lead over Democratic challenger John Kerry less than four weeks before the November 2 presidential election, according to a Reuters/Zogby poll released on Thursday.
Published 08 Oct, 2004 12:00am
Piano Teacher author wins Nobel prize

Piano Teacher author wins Nobel prize

Austria's Elfriede Jelinek won the Nobel Prize for Literature on Thursday for novels and plays that starkly depict violence against women, explore sexuality and condemn far-right politics in Europe.
Published 08 Oct, 2004 12:00am
Karzai vows to make historic polls successful

Karzai vows to make historic polls successful

Afghan President Hamid Karzai vowed on Thursday that a historic presidential election would be successfully held this weekend and reflect the people's wishes despite inevitable sabotage attempts by Taleban fighters.
Published 08 Oct, 2004 12:00am
Arab League 'fed-up' with US veto

Arab League 'fed-up' with US veto

The Arab League expressed its frustration on Thursday at the US veto of an Arab-sponsored draft resolution at the United Nations Security Council against Israel's deadly military operation in Gaza.
Published 08 Oct, 2004 12:00am
Blair outlines 'immense, powerful' moral case for helping Africa

Blair outlines 'immense, powerful' moral case for helping Africa

British Prime Minister Tony Blair issued a clarion call Thursday for the world to help Africa free itself from poverty, disease and conflict, describing his personal crusade for the continent as "the one noble cause worth fighting for".
Published 08 Oct, 2004 12:00am
US navy shifts European headquarters to Italy

US navy shifts European headquarters to Italy

The US Navy is moving its European operational headquarters from London to Naples as part of a post-Cold War shift in priorities and to meet the growing threat of international terrorism, its commander in Europe said Thursday.
Published 08 Oct, 2004 12:00am
230 prisoners freed from Iraq prisons

230 prisoners freed from Iraq prisons

The US military said it released some 230 detainees on Thursday from Baghdad's notorious Abu Ghraib prison and the coalition's other major detention facility of Camp Bucca in the southern town of Umm Qasr.
Published 08 Oct, 2004 12:00am
Northeast Indian state votes

Northeast Indian state votes

Voters shrugged off steady rain and turned out in force in north-east India on Thursday, as troops guarded polling stations in a state assembly election being held in the shadow of violence.
Published 08 Oct, 2004 12:00am
Saddam bought off countries, people with oil: CIA

Saddam bought off countries, people with oil: CIA

The Central Intelligence Agency has published hundreds of names of people, firms, political parties and government officials Saddam Hussein purportedly tried to buy off to get UN sanctions lifted.
Published 08 Oct, 2004 12:00am
'Nepal troops, rebels killing civilians'

'Nepal troops, rebels killing civilians'

Both Nepali government troops and Maoist rebels are abducting, torturing and killing ordinary people as an eight-year-old conflict escalates across the impoverished kingdom, a human rights groups said on Thursday.
Published 08 Oct, 2004 12:00am
Iran bans print advertising in foreign languages

Iran bans print advertising in foreign languages

Iran has banned advertising printed solely in a foreign language as part of a campaign to ward off the encroachment of Western culture on the country, state television said on Thursday.
Published 08 Oct, 2004 12:00am
3 Palestinians killed by Israeli fire

3 Palestinians killed by Israeli fire

Three Palestinians, including two children, were killed by Israeli fire in the Gaza Strip on Thursday as troops pressed on with a massive nine-day-old incursion, Palestinian medics and the Israeli army said.
Published 08 Oct, 2004 12:00am
Israel greater nuclear threat than Iran: Vanunu

Israel greater nuclear threat than Iran: Vanunu

Israel is a greater nuclear threat than Iran, Mordechai Vanunu, who was freed in April after 18 years in an Israeli prison for revealing the country's nuclear programme, told Swedish Radio on Thursday.
Published 08 Oct, 2004 12:00am
Sri Lankan stocks fall

Sri Lankan stocks fall

Sri Lankan stocks fell for a third straight session on Thursday as investors took profits across the board atfer recent gains, brokers said.
Published 08 Oct, 2004 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

Stocks fell on Thursday as investors worried that oil's jump to a record $53 a barrel would hurt consumer spending and cut into corporate profits.
Published 08 Oct, 2004 12:00am
Seoul shares end down

Seoul shares end down

Seoul stocks ended lower on Thursday, hit by concerns that high energy costs will squeeze corporate profits and depress already weak domestic demand, while the market largely ignored a central bank decision not to cut interest rates.
Published 08 Oct, 2004 12:00am
Oil, stocks knock euro bonds

Oil, stocks knock euro bonds

The value of euro auto and telecoms bonds fell on new oil price highs and weak stock markets on Thursday, but the cost of insuring French telecom equipment maker Alcatel's debt fell after a rating upgrade.
Published 08 Oct, 2004 12:00am
Oil, stocks knock euro bonds

Oil, stocks knock euro bonds

The value of euro auto and telecoms bonds fell on new oil price highs and weak stock markets on Thursday, but the cost of insuring French telecom equipment maker Alcatel's debt fell after a rating upgrade.
Published 08 Oct, 2004 12:00am
UK's top share index falls back, blighted by pharma woes

UK's top share index falls back, blighted by pharma woes

Pharmaceutical stocks, racked by new drug failures and tough operating conditions, dragged Britain's FTSE-100 off of 28-month peaks on Thursday, but investor faith in a nascent fourth-quarter rally showed through in media stocks and mid-cap retailers.
Published 08 Oct, 2004 12:00am
Sterling unchanged

Sterling unchanged

Sterling was unruffled by the Bank of England's widely expected decision to hold interest rates unchanged on Thursday, holding above a recent eight-month low against the euro and three-week low versus the dollar.
Published 08 Oct, 2004 12:00am
Dollar holds higher ground

Dollar holds higher ground

The dollar bobbed near this month's highs against the euro and yen on Thursday after upbeat comments from Federal Reserve officials reinforced expectations of higher US interest rates.
Published 08 Oct, 2004 12:00am
False claims erode confidence in organic coffee

False claims erode confidence in organic coffee

Most consumers in rich nations are attracted to organic and fair trade products but are put off by a baffling array of categories and sometimes fraudulent product claims, a coffee conference was told.
Published 08 Oct, 2004 12:00am
US textile groups ready request for China curbs

US textile groups ready request for China curbs

US textile and cotton groups are on the verge of formally asking the Commerce Department to pre-emptively restrict clothing imports from China next year, industry officials said on Thursday.
Published 08 Oct, 2004 12:00am
UN policy sours Third World sugar exporters

UN policy sours Third World sugar exporters

A UN drive to cut sugar consumption and obesity in the West while funding sugar production in the Third World is damaging to poor nations, a lobby group said on Thursday.
Published 08 Oct, 2004 12:00am
Gold sits in tight ranges in Europe

Gold sits in tight ranges in Europe

Gold was stuck in tight ranges on Thursday afternoon in Europe with slight pressure from a firmer dollar pinning the metal below resistance at $420 per ounce, dealers said.
Published 08 Oct, 2004 12:00am
London sugar dips at close

London sugar dips at close

London white sugar futures closed weaker after a choppy session in moderate volumes heavily influenced by NYBOT on Thursday, and traders said the outlook remained bullish on expectations of a supply deficit in 2004/05.
Published 08 Oct, 2004 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.
Published 08 Oct, 2004 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.
Published 08 Oct, 2004 12:00am
New York cotton closes softer

New York cotton closes softer

NYBOT cotton ended easier Thursday on sales by small speculators as the market continued to trade in a band, with fibre contracts seen drifting in a range in the days ahead, analysts said.
Published 08 Oct, 2004 12:00am
London cocoa weaker

London cocoa weaker

London cocoa futures closed slightly weaker on Thursday as pressure from fund selling met with support from short-covering, traders said.
Published 08 Oct, 2004 12:00am
London metals slightly up

London metals slightly up

London Metal Exchange (LME) metals ended slightly stronger in trading on Thursday, with firmer advances on fund buying capped by profit taking, traders said.
Published 08 Oct, 2004 12:00am
Oil hits new $53 high

Oil hits new $53 high

Oil prices scaled new heights at $53 for US crude Thursday on concerns over tight winter heating fuel supplies and an unexpected strike at Nigerian oil terminals. US light crude set a record at $53 a barrel - marking a surge of $20, or more than 60 percen
Published 08 Oct, 2004 12:00am
Oil hits new $53 high

Oil hits new $53 high

Oil prices scaled new heights at $53 for US crude Thursday on concerns over tight winter heating fuel supplies and an unexpected strike at Nigerian oil terminals. US light crude set a record at $53 a barrel - marking a surge of $20, or more than 60 percen
Published 08 Oct, 2004 12:00am
US MIDDAY: cocoa falls

US MIDDAY: cocoa falls

US cocoa futures ended a choppy session at a new three-month low Thursday, with speculators and funds dominating activity while manufacturers held to the sidelines, traders said.
Published 08 Oct, 2004 12:00am
US MIDDAY: coffee climbs

US MIDDAY: coffee climbs

US coffee futures finished in positive territory Thursday, thanks to a combination of roaster buying and participants squaring option positions a day ahead of expiration, traders said.
Published 08 Oct, 2004 12:00am
US MIDDAY: sugar softer

US MIDDAY: sugar softer

NYBOT raw sugar futures finished mostly easier Thursday on fund and speculative sales, and the sweetener is seen drifting in a band ahead of an industry dinner tomorrow, brokers said.
Published 08 Oct, 2004 12:00am
US MIDDAY: corn steadies

US MIDDAY: corn steadies

Chicago Board of Trade corn futures were firm at midday Thursday after early speculative short-covering, but gains were limited by estimates for record US 2004 corn production, floor traders said.
Published 08 Oct, 2004 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Soft red winter (SRW) wheat futures at the Chicago Board of Trade were higher early on Thursday amid supportive exports, traders said. At 10:26 am CDT (1526 GMT), CBOT wheat was up 2-1/2 to 3 cents per bushel, with December up 3-1/4 at $3.05-1/4.
Published 08 Oct, 2004 12:00am
US MIDDAY: soyabeans mixed

US MIDDAY: soyabeans mixed

Chicago Board of Trade soyabean futures were mixed at midday Thursday as forecasts for a record US soya crop pared early gains on a surprisingly strong weekly US soya export sales, brokers said.
Published 08 Oct, 2004 12:00am
US MIDDAY: copper firms

US MIDDAY: copper firms

Copper futures held fairly steady at modestly higher levels early Thursday, as players caught their breath after a dash to 9-3/4-year highs in the previous session, traders said.
Published 08 Oct, 2004 12:00am
US MIDDAY: gold slightly lower

US MIDDAY: gold slightly lower

COMEX gold futures settled with modest losses in a thinly traded session on Thursday as most market players waited on the sidelines ahead of Friday's September US employment data.
Published 08 Oct, 2004 12:00am
UK Institute, WEG sign MoU

UK Institute, WEG sign MoU

Breast Cancer Care UK has entered into a strategic alliance with Women's Empowerment Group (WEG) breast cancer awareness campaign to share latest researches and intellectual resources. In this regard, a memorandum of understanding (MoU) has been signed wi
Published 08 Oct, 2004 12:00am
Book on Indian agro-scientist launched

Book on Indian agro-scientist launched

As a confidence-building measure on the non-governmental level a book on the life and works of an Indian agro-scientist, edited and compiled by his Pakistani contemporary, was launched here at the Intercultural Forum on Wednesday night.
Published 08 Oct, 2004 12:00am
PPPP meeting on October 14

PPPP meeting on October 14

Information Secretary of Punjab Peoples Party Parliamentarian (PPPP) Navid Chaudhry, on the advice of party head Benazir Bhutto, has called a meeting of provincial information secretaries of all the provinces at Islamabad on October 14.
Published 08 Oct, 2004 12:00am
Lawyers to observe black day on October 12

Lawyers to observe black day on October 12

The lawyers' community will observe black day on October 12, to press General Pervez Musharraf, to lay off his uniform. A conference of representatives of the lawyers will also be held at Lahore.
Published 08 Oct, 2004 12:00am
ACCA graduation ceremony on October 8

ACCA graduation ceremony on October 8

The graduation ceremony of the Association of Chartered Certified Accountants (ACCA) will be held on Friday at the Bahria Auditorium, said a press release issued here on Thursday.
Published 08 Oct, 2004 12:00am
Builders urged to avail government offer

Builders urged to avail government offer

Association of Builders and Developers (ABAD) Chairman, Babar Mirza Chughtai has urged builders and general public to avail the opportunity of regularisation of frozen land and submit their regularisation papers before the cut off date ie December 31.
Published 08 Oct, 2004 12:00am
'Auto investment stands at Rs 52 billion'

'Auto investment stands at Rs 52 billion'

Investment in auto industry currently stands at Rs 52 billion but is expected to rise in current year with all manufacturers going for expansion in production capacity.
Published 08 Oct, 2004 12:00am
The importance of time

The importance of time

Time is money: this is not just a notional proverb, it carries a great lesson. Times is really an important factor in our life as once gone never returns.
Published 08 Oct, 2004 12:00am
Corporate lawlessness

Corporate lawlessness

Pakistan's corporate culture needs to be reformed, in terms of accountability of management, and payment of taxes. Private sector companies and multi-nationals are motivated by profitability and fierce competition.
Published 08 Oct, 2004 12:00am
Aborigines seek a voice at Australian polls

Aborigines seek a voice at Australian polls

Aborigine Maisie Austin sits in the dirt under a tree hearing the grievances of aboriginal elders who have invited her to their "country" as she campaigns in the Northern Territory outback for Saturday's Australian elections.
Published 08 Oct, 2004 12:00am
Boost to Pakistan's textile market

Boost to Pakistan's textile market

Though deprived of synthetic textile market Pakistan's dominance in cotton-based home textiles would get further boost in the post-quota era as the high world oil rates continue to put pressure on all manmade fibres while cotton prices decline in the worl
Published 08 Oct, 2004 12:00am
A project of invaluable benefits

A project of invaluable benefits

Prime Minister Shaukat Aziz exhorted the Gwadar Port Authority and the Director General, Gwadar Development Authority, to complete the first phase of the construction of the port by January next so that it becomes functional at an early date.
Published 08 Oct, 2004 12:00am
Redefining priorities of IFIs

Redefining priorities of IFIs

This year's IMF-World Bank annual meetings were marked by a state of siege around their buildings in Washington D.C. While security officers checked every visitor with x-ray scanners and bomb-sniffing dogs, fences and concrete barricades were erected to e
Published 08 Oct, 2004 12:00am
EOBI registers 3,629 mine workers

EOBI registers 3,629 mine workers

As many as 3,629 mine workers including coal cutters have been registered with the Employees Old Age Benefits Institution (EOBI). This was announced by the spokesman of the organisation in a statement here on Thursday.
Published 08 Oct, 2004 12:00am
Call for maintaining eco-system at barrages

Call for maintaining eco-system at barrages

The speakers at a two-day international conference on Indus Delta Eco Region that began here on Thursday called for release of minimum environmental flows downstream Kotri barrage for echo system and livelihood of local population.
Published 08 Oct, 2004 12:00am
Sindh University professor honoured

Sindh University professor honoured

Professor Dr Mohammad Yar Khuhawar, director, Institute of Chemistry, University of Sindh, was awarded gold medal and a cash prize of Rs 20,000 by Prime Minister Shaukat Aziz on the World Teachers Day at a ceremony held at the Auditorium of the National L
Published 08 Oct, 2004 12:00am
Two Pakistani umpires to make Test debut

Two Pakistani umpires to make Test debut

The International Cricket Council (ICC) has appointed two Pakistani umpires to make their Test debut during the Zimbabwe-Bangladesh series this season.
Published 08 Oct, 2004 12:00am
Arrangements for Zimbabwe and Lanka match finalised

Arrangements for Zimbabwe and Lanka match finalised

The Rawalpindi Cricket Stadium was handed over to the Police and other law enforcement agencies for the Saturday (October 9) and Monday (October 11) One-Day-Internationals.
Published 08 Oct, 2004 12:00am
Clarke and Gilchrist flay India with centuries

Clarke and Gilchrist flay India with centuries

Debutant Michael Clarke and captain Adam Gilchrist hit sparkling centuries as world champions Australia sent India on a leather hunt in the first cricket Test here on Thursday.
Published 08 Oct, 2004 12:00am
Striking Kenyan players demand prize money be paid

Striking Kenyan players demand prize money be paid

Rebel Kenyan cricket players have demanded their prize money from the 2003 World Cup and the ICC champions trophy in England be paid in full by the Kenya Cricket Association (KCA) before they agree to any new deal.
Published 08 Oct, 2004 12:00am
'Extracurricular activities vital to students' mental growth'

'Extracurricular activities vital to students' mental growth'

The healthy environment and sports activities are imperative for extra-curricular activities and for character building and bright future of the students, said Brigadier Muhammad Arif, director, Federal Government Educational Institutions (Cantt Garrison)
Published 08 Oct, 2004 12:00am
JICC starts silver jubilee celebrations

JICC starts silver jubilee celebrations

Jinnah Islamia College of Commerce (JICC), private sector's pioneer institute imparting commerce education in the provincial metropolis has started activities as a part of its silver jubilee celebrations.
Published 08 Oct, 2004 12:00am
Punjab chief minister condemns Multan bomb blast

Punjab chief minister condemns Multan bomb blast

Punjab Chief Minister Chaudhry Pervaiz Elahi, condemning killing of innocent people in Multan bomb blast on Thursday, said those involved in this heinous crime were anti-nation elements.
Published 08 Oct, 2004 12:00am
PML-N grieved over Multan bomb blast

PML-N grieved over Multan bomb blast

Pakistan Muslim League (Nawaz) leaders Muhammad Mehdi and Tariq Gill have expressed their deep sorrow and grief over the bomb blast incident of Multan in which over 40 persons reportedly lost their lives and scores of others got injured.
Published 08 Oct, 2004 12:00am
Ring Road project to cost Rs 20 billion

Ring Road project to cost Rs 20 billion

The Ring Road Lahore project would be completed at a cost of Rs 20 billion within a period of one and half year while approach roads would be constructed at a cost of Rs three billion.
Published 08 Oct, 2004 12:00am
Security tightened around sensitive places

Security tightened around sensitive places

Provincial law enforcement agencies have tightened security arrangements around sensitive places throughout the province after the terrorists attack on a procession in Multan which claimed more than 40 lives and hundreds injured on Thursday.
Published 08 Oct, 2004 12:00am
IDBP employees' plea for job security

IDBP employees' plea for job security

Industrial Development Bank of Pakistan (IDBP) Employees Union has urged the government to secure the jobs of the bank employees and in case of privatisation of the bank offer them Golden Hand Shake Scheme (GHS) package on the pattern of ICP.
Published 08 Oct, 2004 12:00am
CBR forms 20 committees to examine refund cases

CBR forms 20 committees to examine refund cases

Central Board of Revenue (CBR) has constituted 20 'dispute resolution committees' to examine the cases of refunds with representation from different chambers, trade bodies and collectorates throughout the country.
Published 08 Oct, 2004 12:00am
The Weather

The Weather

The weather report on Thursday (October 07) and the forecast for Friday (October 08, 2004).
Published 08 Oct, 2004 12:00am
Key stock market movements at 1700 GMT on October 07

Key stock market movements at 1700 GMT on October 07

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 08 Oct, 2004 12:00am
Mental illness on rise world wide

Mental illness on rise world wide

'World Mental Health Day 2004' is being celebrated under the auspices of World Federation for Mental Health (WFMH), which is an international mental-health organisation, across the world, including Pakistan, on Sunday, October 10 with a pledge that effort
Published 08 Oct, 2004 12:00am
Training at IMPD made compulsory for promotion of officers

Training at IMPD made compulsory for promotion of officers

Training course at the Institute of Management and Professional Development (IMPD) has been made compulsory for the officers of Punjab government and no officer in the Punjab province would be promoted in the next grade unless he attends the course.
Published 08 Oct, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (October 07, 2004)
Published 08 Oct, 2004 12:00am