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Print - 2004-10-25
IMF sees 2004 German growth at two percent, oil a risk

IMF sees 2004 German growth at two percent, oil a risk

The International Monetary Fund expects German growth to reach 2.0 percent this year, after last year's slight contraction, even as high oil prices remain a risk, fund sources cited a draft report as saying on Sunday.
Published 25 Oct, 2004 12:00am
BAE says sees Eurofighter deal by year-end

BAE says sees Eurofighter deal by year-end

British defence firm BAE Systems said on Sunday it expected to sign a deal on the second tranche of Eurofighter fighter jets by the end of the year.
Published 25 Oct, 2004 12:00am
Eurozone economic data to show confidence down

Eurozone economic data to show confidence down

Eurozone economic indicators to be released in the coming week will show that business and consumer confidence is falling and that inflation is rising again, economists said.
Published 25 Oct, 2004 12:00am
EU probes meat import scandal involving Indian buffalo

EU probes meat import scandal involving Indian buffalo

European Union and German officials have uncovered a massive fraud scheme in the international food trade involving potentially contaminated Indian water buffalo meat, German news weekly Der Spiegel reported in an issue to be published Monday.
Published 25 Oct, 2004 12:00am
60-dollar oil could hurt Asia's confidence

60-dollar oil could hurt Asia's confidence

As oil prices keep setting new record highs, there are growing concerns that Asia's energy-hungry economies can no longer continue absorbing the impact with crude creeping toward 60 dollars a barrel.
Published 25 Oct, 2004 12:00am
IMF chief urges Saudi debt relief for Iraq

IMF chief urges Saudi debt relief for Iraq

The International Monetary Fund urged Saudi Arabia on Sunday to consider debt relief for Iraq, saying it would have a major impact on its neighbour's economic viability.
Published 25 Oct, 2004 12:00am
Saudi Arabia tells IMF it keen on oil stability

Saudi Arabia tells IMF it keen on oil stability

Top world oil exporter Saudi Arabia has assured the International Monetary Fund (IMF) that Riyadh is keen to maintain oil market stability as world oil prices rally to record highs.
Published 25 Oct, 2004 12:00am
Investors eye 800 million euros Parmalat lawsuit bonus

Investors eye 800 million euros Parmalat lawsuit bonus

Investors holding Parmalat debt are betting that the bankrupt Italian food giant could reap a windfall of up to 800 million euros from lawsuits against its banks and accountants, traders said on Wednesday.
Published 25 Oct, 2004 12:00am
Wage deal delay disrupts Lufthansa plans

Wage deal delay disrupts Lufthansa plans

Delays in pay talks at Deutsche Lufthansa AG are holding up investments and hampering the airline's plan to cut staff costs by 105 million euros ($133 million) this year, its chief executive said.
Published 25 Oct, 2004 12:00am
US stocks seen stymied by oil and earnings

US stocks seen stymied by oil and earnings

Record crude oil prices, a tidal wave of quarterly earnings reports and anxiety ahead of the US presidential election may pin US stocks down this week.
Published 25 Oct, 2004 12:00am
Indian shares seen up on earnings, bonds eye RBI

Indian shares seen up on earnings, bonds eye RBI

Indian shares are seen notching up gains this week as the last of the major companies post earnings, but worries about the inflationary impact of high crude prices will limit gains, and bonds await a central bank rate decision.
Published 25 Oct, 2004 12:00am
FTSE-100 range-bound, oils offset economic ills

FTSE-100 range-bound, oils offset economic ills

Oil majors' record earnings will take centre stage in a gala show of FTSE blue chip results this week, but they will also serve as a reminder of high oil prices and other economic ills hanging over the market.
Published 25 Oct, 2004 12:00am
Rising market and consumer demand prompt Russian IPOs

Rising market and consumer demand prompt Russian IPOs

A slew of Russian companies are queuing up to tap the stock market with initial public offerings, encouraged by strong growth on the local stock market and booming consumer demand.
Published 25 Oct, 2004 12:00am
Eurostocks: cars eyed in earnings deluge

Eurostocks: cars eyed in earnings deluge

Investors are braced for a flood of European earnings this week, with Volkswagen and a clutch of other carmakers taking top billing as investors try to gauge the impact of record oil prices on their balance sheets.
Published 25 Oct, 2004 12:00am
Taiwan stocks eyes on quarterly profits

Taiwan stocks eyes on quarterly profits

Taiwan stocks are expected to struggle to make headway this week as investors await quarterly results from big tech exporters and guidance on the current fourth quarter and 2005.
Published 25 Oct, 2004 12:00am
KAMCO launches new Kuwait private equity fund

KAMCO launches new Kuwait private equity fund

Kuwait's KIPCO Asset Management Company (KAMCO) on Sunday said it has closed a new $45 million private equity fund that will invest in private local companies.
Published 25 Oct, 2004 12:00am
KAMCO launches new Kuwait private equity fund

KAMCO launches new Kuwait private equity fund

Kuwait's KIPCO Asset Management Company (KAMCO) on Sunday said it has closed a new $45 million private equity fund that will invest in private local companies.
Published 25 Oct, 2004 12:00am
Tokyo stocks eye China lift, US vote looms

Tokyo stocks eye China lift, US vote looms

Japanese stocks are expected to find support this week as concern eases over a sharp slowdown in China, though the November 2 US presidential election looms large over the market and may keep many investors to the sidelines.
Published 25 Oct, 2004 12:00am
Hong Kong stocks to trade sideways; oil, US vote weigh

Hong Kong stocks to trade sideways; oil, US vote weigh

Hong Kong stocks are expected to trade in a narrow range this week, with investors responding to last Friday's China economy data and continued high oil prices likely to weigh on sentiment.
Published 25 Oct, 2004 12:00am
NSGB stake sale report pushes Cairo stocks higher

NSGB stake sale report pushes Cairo stocks higher

National Societe Generale Bank (NSGB) pushed Egyptian stocks to new highs for the sixth straight session on Sunday on news of interest in the bank's government-owned stake, brokers said.
Published 25 Oct, 2004 12:00am
Yuan to rise against dollar in 2005: Standard Chartered

Yuan to rise against dollar in 2005: Standard Chartered

China will gradually relax its rigid, dollar-pegged currency regime in 2005 to help its booming economy avoid a hard landing, a senior economist at Standard Chartered Bank said on recently.
Published 25 Oct, 2004 12:00am
Egypt interbank rate jumps

Egypt interbank rate jumps

The median overnight interbank rate on the Egyptian pound rose to 15-1/2 percent on Sunday from 10-1/2 percent on Thursday towards the end of a central bank period for calculating banks' reserves, traders said.
Published 25 Oct, 2004 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (October 18 to 23, 2004).
Published 25 Oct, 2004 12:00am
The Weather

The Weather

The weather report on Sunday (October 24) and the forecast for Monday (October 25, 2004).
Published 25 Oct, 2004 12:00am
58 killed in Iraq violence

58 killed in Iraq violence

Guerrillas killed 49 unarmed army recruits in one of the bloodiest attacks on Iraq's fledgling security forces, and in other attacks on Sunday a US diplomat and a Bulgarian soldier also died. Police said guerrillas disguised as police had set up a checkpo
Published 25 Oct, 2004 12:00am
58 killed in Iraq violence

58 killed in Iraq violence

Guerrillas killed 49 unarmed army recruits in one of the bloodiest attacks on Iraq's fledgling security forces, and in other attacks on Sunday a US diplomat and a Bulgarian soldier also died. Police said guerrillas disguised as police had set up a checkpo
Published 25 Oct, 2004 12:00am
Competition driving fast telecom sector growth

Competition driving fast telecom sector growth

The deregulation of telecom industry is fast gaining momentum with dozens more communications providers and millions of customers entering both the fixed line and mobile markets. Before the government announced the opening of its fixed line telephone sect
Published 25 Oct, 2004 12:00am
Competition driving fast telecom sector growth

Competition driving fast telecom sector growth

The deregulation of telecom industry is fast gaining momentum with dozens more communications providers and millions of customers entering both the fixed line and mobile markets. Before the government announced the opening of its fixed line telephone sect
Published 25 Oct, 2004 12:00am
SBP intervention helps rupee recover some ground

SBP intervention helps rupee recover some ground

State Bank of Pakistan's (SBP) intervention helped the rupee to trim its losses versus dollar last week, dealers said. Panic buying for dollar and several other factors supported the greenback to breach nearly four-year high mark in the currency market at
Published 25 Oct, 2004 12:00am
SBP intervention helps rupee recover some ground

SBP intervention helps rupee recover some ground

State Bank of Pakistan's (SBP) intervention helped the rupee to trim its losses versus dollar last week, dealers said. Panic buying for dollar and several other factors supported the greenback to breach nearly four-year high mark in the currency market at
Published 25 Oct, 2004 12:00am
Gas output up by 22 percent in two months

Gas output up by 22 percent in two months

During July-August FY05, domestic gas production increased by 22 percent to 3.5 billion cubic feet per day (bcfd), compared to 2.8 bcfd during July-August FY04. Increase in gas production was due to commissioning of Sawan field. Gas production from Sawan
Published 25 Oct, 2004 12:00am
Gas output up by 22 percent in two months

Gas output up by 22 percent in two months

During July-August FY05, domestic gas production increased by 22 percent to 3.5 billion cubic feet per day (bcfd), compared to 2.8 bcfd during July-August FY04. Increase in gas production was due to commissioning of Sawan field. Gas production from Sawan
Published 25 Oct, 2004 12:00am
KSE fails to sustain above 5500 level

KSE fails to sustain above 5500 level

Heavy selling pressure from retail investors because of higher badla investment and rates failed the market to sustain above 5500 level where volume was also low because of shortened trading session with the advent of Ramazan. The KSE-100 index gained 25
Published 25 Oct, 2004 12:00am
KSE fails to sustain above 5500 level

KSE fails to sustain above 5500 level

Heavy selling pressure from retail investors because of higher badla investment and rates failed the market to sustain above 5500 level where volume was also low because of shortened trading session with the advent of Ramazan. The KSE-100 index gained 25
Published 25 Oct, 2004 12:00am
Al-Meezan Islamic fund issue in November

Al-Meezan Islamic fund issue in November

Al Meezan Investment Management (AMIM) would launch in November its Shariah Compliant Balanced Fund worth Rs 1.2 billion, providing an attractive opportunity to participate in a balanced and low-risk portfolio. The fund size is Rs 1.2 billion, of which Rs
Published 25 Oct, 2004 12:00am
Al-Meezan Islamic fund issue in November

Al-Meezan Islamic fund issue in November

Al Meezan Investment Management (AMIM) would launch in November its Shariah Compliant Balanced Fund worth Rs 1.2 billion, providing an attractive opportunity to participate in a balanced and low-risk portfolio. The fund size is Rs 1.2 billion, of which Rs
Published 25 Oct, 2004 12:00am
Al-Meezan Islamic fund issue in November

Al-Meezan Islamic fund issue in November

Al Meezan Investment Management (AMIM) would launch in November its Shariah Compliant Balanced Fund worth Rs 1.2 billion, providing an attractive opportunity to participate in a balanced and low-risk portfolio. The fund size is Rs 1.2 billion, of which Rs
Published 25 Oct, 2004 12:00am
Gold prices up 7 percent in a month

Gold prices up 7 percent in a month

Gold prices in the country rose by Rs 532 per 10 grams in about a month because of higher prices internationally following significant rise in oil prices and weakening of the rupee against dollar. The gold prices during last week rose by Rs 155 per 10 gm
Published 25 Oct, 2004 12:00am
Gold prices up 7 percent in a month

Gold prices up 7 percent in a month

Gold prices in the country rose by Rs 532 per 10 grams in about a month because of higher prices internationally following significant rise in oil prices and weakening of the rupee against dollar. The gold prices during last week rose by Rs 155 per 10 gm
Published 25 Oct, 2004 12:00am
Badla rate records 50 percent jump

Badla rate records 50 percent jump

The weighted average badla rate during last week recorded a jump of nearly 50 percent because of higher overnight rates and shift in business trend, moving towards futures market. The badla rates at KSE stood at 14.1 percent on Friday (October 22). This d
Published 25 Oct, 2004 12:00am
Badla rate records 50 percent jump

Badla rate records 50 percent jump

The weighted average badla rate during last week recorded a jump of nearly 50 percent because of higher overnight rates and shift in business trend, moving towards futures market. The badla rates at KSE stood at 14.1 percent on Friday (October 22). This d
Published 25 Oct, 2004 12:00am
Exchange rate theory equates Rs 60.70 to a dollar

Exchange rate theory equates Rs 60.70 to a dollar

The worsening health of the Rupee, which is constantly under pressure for the last six months due to rising oil prices, is likely to widen the trade gap, according to knowledgeable observers. As soon as the State Bank of Pakistan stopped injecting dollars
Published 25 Oct, 2004 12:00am
Exchange rate theory equates Rs 60.70 to a dollar

Exchange rate theory equates Rs 60.70 to a dollar

The worsening health of the Rupee, which is constantly under pressure for the last six months due to rising oil prices, is likely to widen the trade gap, according to knowledgeable observers. As soon as the State Bank of Pakistan stopped injecting dollars
Published 25 Oct, 2004 12:00am
Pakistan and China to share trade data

Pakistan and China to share trade data

Pakistan Customs and its Chinese counterpart have agreed to share data on exports and exchange of import documents to help promote cross-border trade and to pre-empt smuggling in Northern Areas. The proposal to have periodical cross-border meetings betwee
Published 25 Oct, 2004 12:00am
Pakistan and China to share trade data

Pakistan and China to share trade data

Pakistan Customs and its Chinese counterpart have agreed to share data on exports and exchange of import documents to help promote cross-border trade and to pre-empt smuggling in Northern Areas. The proposal to have periodical cross-border meetings betwee
Published 25 Oct, 2004 12:00am
Tribal elder killed in mine blast

Tribal elder killed in mine blast

A tribal elder was killed and three soldiers injured on Sunday in two landmine attacks by suspected al Qaeda-linked militants in South Waziristan Agency near the Afghan border, security officials said. The brother of Ahmed Shah, the head of a peace commit
Published 25 Oct, 2004 12:00am
Tribal elder killed in mine blast

Tribal elder killed in mine blast

A tribal elder was killed and three soldiers injured on Sunday in two landmine attacks by suspected al Qaeda-linked militants in South Waziristan Agency near the Afghan border, security officials said. The brother of Ahmed Shah, the head of a peace commit
Published 25 Oct, 2004 12:00am
Collectors told to open customs welfare shops

Collectors told to open customs welfare shops

The Central Board of Revenue (CBR) has directed all collectors of customs to immediately start 'Customs Staff welfare Shops' for selling of confiscated goods like air conditioners, TV sets and VCRs etc to custom, sales tax and central excise officials.
Published 25 Oct, 2004 12:00am
Kremlin seen ignoring critics in YUKOS sale

Kremlin seen ignoring critics in YUKOS sale

The Kremlin is likely to ignore mounting criticism in the west and potential legal risks to go ahead and sell key YUKOS assets cheaply to insiders so it can create a state energy giant, say analysts.
Published 25 Oct, 2004 12:00am
Japan banks no longer pressured to buy JGBs

Japan banks no longer pressured to buy JGBs

An improvement in their balance sheets has allowed Japan's banks, traditionally the core buyers of Japanese government bonds (JGB), to reduce their exposure to JGBs, a move that may drive up yields and attract non-traditional investors.
Published 25 Oct, 2004 12:00am
Japan banks no longer pressured to buy JGBs

Japan banks no longer pressured to buy JGBs

An improvement in their balance sheets has allowed Japan's banks, traditionally the core buyers of Japanese government bonds (JGB), to reduce their exposure to JGBs, a move that may drive up yields and attract non-traditional investors.
Published 25 Oct, 2004 12:00am
HBFC disburses record Rs 275 million loans in September

HBFC disburses record Rs 275 million loans in September

There has been a record disbursement of loans in one month when House Building Finance Corporation (HBFC) provided loans over Rs 275 million in September this year. The new HBFC chief, B H Qureshi, told Business Recorder that all previous records h
Published 25 Oct, 2004 12:00am
HBFC disburses record Rs 275 million loans in September

HBFC disburses record Rs 275 million loans in September

There has been a record disbursement of loans in one month when House Building Finance Corporation (HBFC) provided loans over Rs 275 million in September this year. The new HBFC chief, B H Qureshi, told Business Recorder that all previous records h
Published 25 Oct, 2004 12:00am
National Bank board meeting today

National Bank board meeting today

The net profit of National Bank of Pakistan (NBP) would range from Rs 4 billion to Rs 4.28 billion because of growth in economy, increase in its net interest margin following the rise in lending to the private sector. The Board meeting of National Bank of
Published 25 Oct, 2004 12:00am
National Bank board meeting today

National Bank board meeting today

The net profit of National Bank of Pakistan (NBP) would range from Rs 4 billion to Rs 4.28 billion because of growth in economy, increase in its net interest margin following the rise in lending to the private sector. The Board meeting of National Bank of
Published 25 Oct, 2004 12:00am
National Bank board meeting today

National Bank board meeting today

The net profit of National Bank of Pakistan (NBP) would range from Rs 4 billion to Rs 4.28 billion because of growth in economy, increase in its net interest margin following the rise in lending to the private sector. The Board meeting of National Bank of
Published 25 Oct, 2004 12:00am
Sui gas pipeline ruptured

Sui gas pipeline ruptured

The 16-inch diameter Sui gas pipeline was ruptured near Palijano Town on Sunday afternoon. The rupture occurred at the Sui-Karachi Indus Left Bank Gas Pipeline near Palijano following the drop of gas pressure near Tando Adam between 1300 to 1330 hours, Su
Published 25 Oct, 2004 12:00am
Sui gas pipeline ruptured

Sui gas pipeline ruptured

The 16-inch diameter Sui gas pipeline was ruptured near Palijano Town on Sunday afternoon. The rupture occurred at the Sui-Karachi Indus Left Bank Gas Pipeline near Palijano following the drop of gas pressure near Tando Adam between 1300 to 1330 hours, Su
Published 25 Oct, 2004 12:00am
Karzai wins Afghan polls: Qanooni

Karzai wins Afghan polls: Qanooni

Interim leader Hamid Karzai has won the required number of votes for outright victory in Afghanistan's first presidential election, his supporters and his chief rival said on Sunday.
Published 25 Oct, 2004 12:00am
Askari Bank's nine-month profit may double

Askari Bank's nine-month profit may double

Askrai Commercial Bank's profit in the nine months ended September 30 may almost double and it might pay a bonus to meet the capital requirement of State Bank of Pakistan.
Published 25 Oct, 2004 12:00am
Askari Bank's nine-month profit may double

Askari Bank's nine-month profit may double

Askrai Commercial Bank's profit in the nine months ended September 30 may almost double and it might pay a bonus to meet the capital requirement of State Bank of Pakistan.
Published 25 Oct, 2004 12:00am
PSO may post 33 percent growth in profit

PSO may post 33 percent growth in profit

PSO's net profit during the first quarter ended September 30, 2004, is expected to increase by 29-33 percent because of higher sales of high speed diesel and furnace oil. According to a leading analyst, the profit for the period may range from Rs 1.29 bil
Published 25 Oct, 2004 12:00am
PSO may post 33 percent growth in profit

PSO may post 33 percent growth in profit

PSO's net profit during the first quarter ended September 30, 2004, is expected to increase by 29-33 percent because of higher sales of high speed diesel and furnace oil. According to a leading analyst, the profit for the period may range from Rs 1.29 bil
Published 25 Oct, 2004 12:00am
PSO may post 33 percent growth in profit

PSO may post 33 percent growth in profit

PSO''s net profit during the first quarter ended September 30, 2004, is expected to increase by 29-33 percent because of higher sales of high speed diesel and furnace oil. According to a leading analyst, the profit for the period may range from Rs 1.29 bi
Published 25 Oct, 2004 12:00am
Prime Minister may address nation on November 20

Prime Minister may address nation on November 20

Prime Minister Shaukat Aziz has announced that he would address the nation after Eid-ul-Fitr. According to the sources privy to the government, the Prime Minister is expected to make the address on November 20. The premier, except describing the present p
Published 25 Oct, 2004 12:00am
Prime Minister may address nation on November 20

Prime Minister may address nation on November 20

Prime Minister Shaukat Aziz has announced that he would address the nation after Eid-ul-Fitr. According to the sources privy to the government, the Prime Minister is expected to make the address on November 20. The premier, except describing the present p
Published 25 Oct, 2004 12:00am
World Bank projects review team due today

World Bank projects review team due today

A World Bank (WB) delegation to review development projects funded by the bank including Rs 31.4 billion National Drainage Program (NDP) will arrive here on Monday. The World Bank delegation is part of six missions which would start visiting Pakistan from
Published 25 Oct, 2004 12:00am
World Bank projects review team due today

World Bank projects review team due today

A World Bank (WB) delegation to review development projects funded by the bank including Rs 31.4 billion National Drainage Program (NDP) will arrive here on Monday. The World Bank delegation is part of six missions which would start visiting Pakistan from
Published 25 Oct, 2004 12:00am
IOK opposition leader survives bid on life

IOK opposition leader survives bid on life

The head of Indian occupied Kashmir's main opposition party, Omar Abdullah, survived an assassination bid on Sunday, for the second time in a month, when a bomb detonated a few steps away from him, killing one and wounding seven, police said. The freedom
Published 25 Oct, 2004 12:00am
IOK opposition leader survives bid on life

IOK opposition leader survives bid on life

The head of Indian occupied Kashmir's main opposition party, Omar Abdullah, survived an assassination bid on Sunday, for the second time in a month, when a bomb detonated a few steps away from him, killing one and wounding seven, police said. The freedom
Published 25 Oct, 2004 12:00am
Plan for education ministry's restructuring approved

Plan for education ministry's restructuring approved

The federal government on Sunday approved a master plan for restructuring of education ministry, abolishing some wings including Education For All (EFA) wing and establishing new ones.
Published 25 Oct, 2004 12:00am
HEC launches fellowship programme

HEC launches fellowship programme

Higher Education Commission (HEC) has initiated a programme to increase competence among faculty members by subsidising significant research.
Published 25 Oct, 2004 12:00am
Legal status for cadaver organ donation urged

Legal status for cadaver organ donation urged

The non-existent provision for the passage of brain death law as well as the cadaver organ donation bill is not only turning organ sale a thriving business, but also causing rapid surge in the expenditure incurred in dialysis.
Published 25 Oct, 2004 12:00am
Opposition adopts double standards: Rashid

Opposition adopts double standards: Rashid

Federal Information and Broadcasting Minister Sheikh Rashid has said that the opposition was following double standards for political gains.
Published 25 Oct, 2004 12:00am
Attack on National Assembly speaker denied

Attack on National Assembly speaker denied

Pakistan Muslim League (PML-N) leader Khwaja Saad Rafiq has denied the allegation levelled by the government regarding attack on National Assembly Speaker by opposition members on Friday, the day of voting for no-trust move, and termed it as "propaganda o
Published 25 Oct, 2004 12:00am
No compromise on NWFP development: Siraj

No compromise on NWFP development: Siraj

NWFP Senior Minister Siraj-ul-Haq has said the MMA government has made tremendous headway in its mission of enforcement of Shariah and development of the province that has gained wide popularity among the masses, while provincial government's steps and po
Published 25 Oct, 2004 12:00am
Islamabad schemes

Islamabad schemes

Capital Development Authority (CDA) Chairman Kamran Lashari will brief the federal cabinet on the establishment of new residential sectors and supply of clean drinking water on Wednesday.
Published 25 Oct, 2004 12:00am
ICCI criticises police performance

ICCI criticises police performance

A delegation of the Islamabad Chamber of Commerce and Industry (ICCI) headed by its President Tariq Sadiq met Islamabad Inspector General Police Fayyaz Tooro and expressed its dissatisfaction over the performance of federal capital police.
Published 25 Oct, 2004 12:00am
LCCI body on graphics formed

LCCI body on graphics formed

The Lahore Chamber of Commerce and Industry (LCCI) President Mian Misbah-ur-Rehman has announced formation of a standing committee on photo goods and graphic arts.
Published 25 Oct, 2004 12:00am
Rs 100 million grant for NA-133

Rs 100 million grant for NA-133

The Prime Minister Shaukat Aziz has announced a grant of Rs 100 million for uplift schemes including provision of Sui gas and electricity to the villages of NA-133 in Sheikupura district.
Published 25 Oct, 2004 12:00am
Mushahid in London to attend peace moot

Mushahid in London to attend peace moot

Pakistan Muslim League Secretary General Senator Mushahid Hussain Syed arrived here on Sunday to attend a two-day international peace conference beginning on Monday to discuss various aspects of security and human rights issues in South Asia.
Published 25 Oct, 2004 12:00am
Time ripe for Kashmir breakthrough: Kasuri

Time ripe for Kashmir breakthrough: Kasuri

Pakistan said on Sunday that time was ripe for progress in Kashmir, and hoped for quick agreement on starting a bus link between the two halves of the disputed territory.
Published 25 Oct, 2004 12:00am