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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-10-30
Bomb caused blast in Islamabad hotel: US

Bomb caused blast in Islamabad hotel: US

The United States believes a blast that wounded several people at the Marriott Hotel in Islamabad was caused by an improvised bomb and not an electrical short circuit as Pakistani officials have said, the State Department said on Friday. "Our information
Published 30 Oct, 2004 12:00am
Indian annual inflation unchanged, outlook cautious

Indian annual inflation unchanged, outlook cautious

India's annual inflation remained unchanged in the year to October 16 despite lower food and edible oil prices, but analysts said high global oil prices could push it back to three-and-a-half year highs hit in August.
Published 30 Oct, 2004 12:00am
US employment costs edge up in third quarter

US employment costs edge up in third quarter

US employment costs rose by slightly less than expected in the third quarter this year, up 0.9 percent, as benefit costs posted their smallest rise since early 2002, a government report showed on Friday.
Published 30 Oct, 2004 12:00am
Nissan revenue hits record but profits only edge up

Nissan revenue hits record but profits only edge up

Second-ranked Japanese automaker Nissan Motor said Friday its interim sales hit a record high but net profits rose only slightly, hurt by a stronger yen, costlier sales incentives and increased investment.
Published 30 Oct, 2004 12:00am
US growth under forecast in third quarter, prices muted

US growth under forecast in third quarter, prices muted

The US economy expanded at a 3.7 percent annual rate in the third quarter, below expectations but still bolstered by healthy consumer spending that was accompanied by the lowest inflation in decades, the Commerce Department said on Friday.
Published 30 Oct, 2004 12:00am
Nissan revenue hits record but profits only edge up

Nissan revenue hits record but profits only edge up

Second-ranked Japanese automaker Nissan Motor said Friday its interim sales hit a record high but net profits rose only slightly, hurt by a stronger yen, costlier sales incentives and increased investment.
Published 30 Oct, 2004 12:00am
Surging eurozone inflation spurs official concern

Surging eurozone inflation spurs official concern

EU officials sounded the alarm on Friday as high oil prices sent eurozone inflation soaring. The annual inflation rate leapt to 2.5 percent in October from 2.1 percent in September, rising further away than economists had expected from the European Centra
Published 30 Oct, 2004 12:00am
US assertion contradicted

US assertion contradicted

Information Minister Sheikh Rashid Ahmed on Friday contradicted the US State Department statement, which said that explosion at a hotel in Islamabad was not due to short-circuiting. He said that it was not desirable to jump to the conclusion prior to the
Published 30 Oct, 2004 12:00am
US assertion contradicted

US assertion contradicted

Information Minister Sheikh Rashid Ahmed on Friday contradicted the US State Department statement, which said that explosion at a hotel in Islamabad was not due to short-circuiting. He said that it was not desirable to jump to the conclusion prior to the
Published 30 Oct, 2004 12:00am
Opec chief expects oil price to fall further

Opec chief expects oil price to fall further

Opec president Purnomo Yusgiantoro said on Friday he expected global oil prices to fall further as crude stocks in the United States rose and supplies from the US Gulf of Mexico returned to normal.
Published 30 Oct, 2004 12:00am
Eurotunnel to cut jobs and services

Eurotunnel to cut jobs and services

Subsea rail operator Eurotunnel unveiled on Friday a "Project DARE" plan to cut jobs and services as it tries to dig its way out of a mountain of debt in the face of falling revenues and market share.
Published 30 Oct, 2004 12:00am
BoJ keeps easy monetary policy, sees slight inflation next year

BoJ keeps easy monetary policy, sees slight inflation next year

Japan's central bank maintained its ultra-loose monetary policy Friday to support the economy while forecasting there could be a slight rise in inflation next year, although that would not necessarily mean a change in its stance on interest rates.
Published 30 Oct, 2004 12:00am
Bomb caused blast in Islamabad hotel: US

Bomb caused blast in Islamabad hotel: US

The United States believes a blast that wounded several people at the Marriott Hotel in Islamabad was caused by an improvised bomb and not an electrical short circuit as Pakistani officials have said, the State Department said on Friday. "Our information
Published 30 Oct, 2004 12:00am
Unilever eyes Shell tie-up, no plan to follow suit

Unilever eyes Shell tie-up, no plan to follow suit

Anglo-Dutch food and detergent maker Unilever is studying the legal unification of Royal Dutch/Shell Group with interest but has no concrete plans to follow suit, a spokesman said on Friday.
Published 30 Oct, 2004 12:00am
Osama threatens 9/11-like attacks

Osama threatens 9/11-like attacks

Al Qaeda chief Osama bin Laden threatened new attacks on the United States, saying "the reasons to repeat what happened" on September 11, 2001 remain, in a video aired by Al-Jazeera TV Friday night. He accused US President George W. Bush of deceiving the
Published 30 Oct, 2004 12:00am
Unilever eyes Shell tie-up, no plan to follow suit

Unilever eyes Shell tie-up, no plan to follow suit

Anglo-Dutch food and detergent maker Unilever is studying the legal unification of Royal Dutch/Shell Group with interest but has no concrete plans to follow suit, a spokesman said on Friday.
Published 30 Oct, 2004 12:00am
Osama threatens 9/11-like attacks

Osama threatens 9/11-like attacks

Al Qaeda chief Osama bin Laden threatened new attacks on the United States, saying "the reasons to repeat what happened" on September 11, 2001 remain, in a video aired by Al-Jazeera TV Friday night. He accused US President George W. Bush of deceiving the
Published 30 Oct, 2004 12:00am
Canadian GDP up on stronger performance

Canadian GDP up on stronger performance

Canadian economy grew by a faster than expected 0.5 percent in August from July on stronger performance in both goods and services, Statistics Canada said on Friday.
Published 30 Oct, 2004 12:00am
Prime Minister asks ZTBL to issue loans to livestock sector

Prime Minister asks ZTBL to issue loans to livestock sector

Prime Minister Shaukat Aziz on Friday directed the Zarai Taraqiati Bank Limited (ZTBL) to make sure the provision of soft loans to farmers for the promotion of livestock sector. Chairing a high-level meeting, the Prime Minister observed that with judiciou
Published 30 Oct, 2004 12:00am
Iran and China in $70 billion LNG, oilfield deal: NIOC

Iran and China in $70 billion LNG, oilfield deal: NIOC

State oil giant Sinopec Group has signed a $70 billion oilfield development and liquefied natural gas agreement with Iran, China's biggest energy deal with the number two Opec producer, an Iranian official said on Friday.
Published 30 Oct, 2004 12:00am
Prime Minister asks ZTBL to issue loans to livestock sector

Prime Minister asks ZTBL to issue loans to livestock sector

Prime Minister Shaukat Aziz on Friday directed the Zarai Taraqiati Bank Limited (ZTBL) to make sure the provision of soft loans to farmers for the promotion of livestock sector. Chairing a high-level meeting, the Prime Minister observed that with judiciou
Published 30 Oct, 2004 12:00am
Mexico lawmakers vote against budget deficit trim

Mexico lawmakers vote against budget deficit trim

Mexican legislators voted on Friday to keep the budget deficit at 0.30 percent of gross domestic product next year, rejecting the government's proposal that it be reduced to about 0.14 percent.
Published 30 Oct, 2004 12:00am
ChevronTexaco profit up but misses forecasts

ChevronTexaco profit up but misses forecasts

ChevronTexaco Corp, the No 2 US oil company, on Friday reported a 62 percent rise in quarterly profit due to record oil prices and gains from asset sales, but the results fell short of Wall Street forecasts.
Published 30 Oct, 2004 12:00am
PIBs tenders invited

PIBs tenders invited

The State Bank of Pakistan on Friday invited tenders for the long-term bonds and announced its quarterly schedule for auction, including the target. The State Bank would sell rupees one billion each for three, five and 10 years tenors bonds. Tenders for t
Published 30 Oct, 2004 12:00am
ChevronTexaco profit up but misses forecasts

ChevronTexaco profit up but misses forecasts

ChevronTexaco Corp, the No 2 US oil company, on Friday reported a 62 percent rise in quarterly profit due to record oil prices and gains from asset sales, but the results fell short of Wall Street forecasts.
Published 30 Oct, 2004 12:00am
PIBs tenders invited

PIBs tenders invited

The State Bank of Pakistan on Friday invited tenders for the long-term bonds and announced its quarterly schedule for auction, including the target. The State Bank would sell rupees one billion each for three, five and 10 years tenors bonds. Tenders for t
Published 30 Oct, 2004 12:00am
Avon quarterly profit up, but US sales weak

Avon quarterly profit up, but US sales weak

Avon Products Inc on Friday posted a 33 percent increase in third-quarter profit, but continued concerns over weakness in the United states pushed the stock 7 percent lower.
Published 30 Oct, 2004 12:00am
Old banknotes to be replaced with new series

Old banknotes to be replaced with new series

Apart from new banknotes of Rs 5,000 and Rs 20, the Federal government has decided to introduce new series of banknotes of other denominations one after the other to replace existing banknotes, reliable sources in the Finance Ministry told Business Rec
Published 30 Oct, 2004 12:00am
Avon quarterly profit up, but US sales weak

Avon quarterly profit up, but US sales weak

Avon Products Inc on Friday posted a 33 percent increase in third-quarter profit, but continued concerns over weakness in the United states pushed the stock 7 percent lower.
Published 30 Oct, 2004 12:00am
Old banknotes to be replaced with new series

Old banknotes to be replaced with new series

Apart from new banknotes of Rs 5,000 and Rs 20, the Federal government has decided to introduce new series of banknotes of other denominations one after the other to replace existing banknotes, reliable sources in the Finance Ministry told Business Rec
Published 30 Oct, 2004 12:00am
High-tech Japan aims to stop counterfeit banknotes

High-tech Japan aims to stop counterfeit banknotes

Holograms and kaleidoscopes of shimmering colours will be part of Japan's latest hi-tech response to the growing number of banknote counterfeiting cases troubling authorities.
Published 30 Oct, 2004 12:00am
Britain to step up war on terror cash

Britain to step up war on terror cash

Britain's financial watchdog plans to tighten scrutiny of banks, trade financiers and high-risk investment funds in what a senior official concedes is a near-impossible battle to intercept terrorist funds.
Published 30 Oct, 2004 12:00am
Bristol-Myers posts lower quarterly profit

Bristol-Myers posts lower quarterly profit

Bristol-Myers Squibb Co on Friday said quarterly profit fell 16 percent on special charges and lower US sales amid competition from rival brands and cheaper generics.
Published 30 Oct, 2004 12:00am
Italy tax cut plan delayed as coalition squabbles

Italy tax cut plan delayed as coalition squabbles

Tensions within Italy's centre-right government are delaying Prime Minister Silvio Berlusconi's plans to cut taxes by 6 billion euros as the four ruling parties fail to agree how the cuts should be shared out.
Published 30 Oct, 2004 12:00am
Bristol-Myers posts lower quarterly profit

Bristol-Myers posts lower quarterly profit

Bristol-Myers Squibb Co on Friday said quarterly profit fell 16 percent on special charges and lower US sales amid competition from rival brands and cheaper generics.
Published 30 Oct, 2004 12:00am
Six killed as US pounds Fallujah

Six killed as US pounds Fallujah

A US war plane bombed a suspected weapons site on Friday in the restive Iraqi city of Fallujah, where hospital sources said six people were killed and four wounded.
Published 30 Oct, 2004 12:00am
US consumer sentiment fades in October: survey

US consumer sentiment fades in October: survey

US consumer sentiment deteriorated in October as rising energy costs and persistent job worries made Americans less optimistic about the future, according to a survey released on Friday.
Published 30 Oct, 2004 12:00am
US troop accepts removing 200 tons explosives from Iraq

US troop accepts removing 200 tons explosives from Iraq

A soldier from the US army's Third Infantry Division has said he helped remove 200 tonnes of explosives, including plastic explosives, from an Iraqi weapons site from which high explosives have gone missing, a Pentagon spokesman said on Friday.
Published 30 Oct, 2004 12:00am
Deutsche Bank fails to shine in third quarter

Deutsche Bank fails to shine in third quarter

Deutsche Bank boosted its bottom line strongly in the third quarter thanks to cost-cutting and lower risk provisions, figures showed Friday, but Germany's biggest bank is still a long way from achieving the profitability targets it has set itself for next
Published 30 Oct, 2004 12:00am
US warns of terror attack on Qatar hotels

US warns of terror attack on Qatar hotels

The United States on Friday warned US citizens in the Gulf state of Qatar of a possible terrorist attack sometime in the next week directed at a hotel or hotels in Doha that are frequented by Americans.
Published 30 Oct, 2004 12:00am
Greek riot squad bus blast raises security fears

Greek riot squad bus blast raises security fears

A roadside bomb blast targeting a police convoy in Athens early on Friday caused no injuries but alarmed authorities who had been insisting that Greece's leftist guerrillas were defeated.
Published 30 Oct, 2004 12:00am
Dollar sags as market mulls China rate move, ECB

Dollar sags as market mulls China rate move, ECB

The dollar weakened broadly on Thursday, reversing a short-lived rally on news that China had raised interest rates as the market decided Beijing's move did not radically change dollar-bearish market fundamentals.
Published 30 Oct, 2004 12:00am
Canadian dollar edges up

Canadian dollar edges up

The Canadian dollar ignored an OECD report predicting modest economic growth next year and rebounded on Thursday from an early drop as market players figured China's unexpected interest rate hike would not immediately dampen demand for commodities.
Published 30 Oct, 2004 12:00am
Australian dollar rallies after offshore dive

Australian dollar rallies after offshore dive

The Australian dollar made a solid rebound from its offshore low as support for the US dollar after China's surprise rate hike proved short-lived ahead of Friday's US growth report.
Published 30 Oct, 2004 12:00am
Insurance brokers ponder life after Spitzer

Insurance brokers ponder life after Spitzer

Insurance brokers, whose images and share prices have both plunged in a fees scandal, will struggle to make up the hundreds of millions of dollars in revenues they have lost by ditching controversial fees.
Published 30 Oct, 2004 12:00am
Insurance brokers ponder life after Spitzer

Insurance brokers ponder life after Spitzer

Insurance brokers, whose images and share prices have both plunged in a fees scandal, will struggle to make up the hundreds of millions of dollars in revenues they have lost by ditching controversial fees.
Published 30 Oct, 2004 12:00am
Stress impacts memory and other brain functions: study

Stress impacts memory and other brain functions: study

Stress activates an enzyme in the brain which interferes with short-term memory and other functions of the prefrontal cortex, located just above the eyes, in rats and monkeys, according to a US study published Friday.
Published 30 Oct, 2004 12:00am
British referendum date gives Blair a clear run

British referendum date gives Blair a clear run

Britain's Tony Blair is set to hold a referendum on a European Union constitution in early 2006, giving the prime minister a long and clear run at a "Yes" campaign to avoid a potentially career-ending defeat.
Published 30 Oct, 2004 12:00am
Executive of Davos forum organisers resigns

Executive of Davos forum organisers resigns

The World Economic Forum, which organises an annual pow-wow of global powerbrokers in Davos Switzerland, on Friday announced the resignation of its second-in-command, former Costa Rican President Jose Maria Figueres, who has been implicated in a corruptio
Published 30 Oct, 2004 12:00am
Duma backs Putin plan to fortify central authority

Duma backs Putin plan to fortify central authority

Lawmakers on Friday overwhelmingly approved President Vladimir Putin's plan to reinforce central control over Russia by replacing popular election of regional leaders with a Kremlin-steered selection process.
Published 30 Oct, 2004 12:00am
Russia summons US diplomat over Iraq arms claim

Russia summons US diplomat over Iraq arms claim

Russia summoned a US diplomat to protest at a Pentagon claim that Russian soldiers spirited away hundreds of tonnes of explosives from a site in Iraq just before the US invasion, Interfax news agency said on Friday.
Published 30 Oct, 2004 12:00am
Rape used as weapon of war around world, UN told

Rape used as weapon of war around world, UN told

From Afghanistan to Liberia, from Colombia to the Congo, women and girls are being subjected to rape, torture and slavery that defy the imagination, a UN official said on Thursday.
Published 30 Oct, 2004 12:00am
Cambodia's King sworn in as monarch

Cambodia's King sworn in as monarch

Cambodia's King Norodom Sihamoni, the 51-year-old son of former king Norodom Sihanouk, was formally sworn in as monarch Friday in an elaborate ceremony at the royal palace broadcast on national television.
Published 30 Oct, 2004 12:00am
Iran will keep nuclear talks but rejects threats: Rafsanjani

Iran will keep nuclear talks but rejects threats: Rafsanjani

Influential former president Hashemi Rafsanjani said Friday that Iran would continue talks with Europe over its nuclear activities but reject any threats aimed at depriving the country of peaceful nuclear technology.
Published 30 Oct, 2004 12:00am
Gutenberg did not invent printing press: expert

Gutenberg did not invent printing press: expert

Johannes Gutenberg may be wrongly credited with producing Europe's first printed book, an Italian researcher said, causing an uproar among bibliophiles and academics who see him as the father of the modern hardback.
Published 30 Oct, 2004 12:00am
Philippines stocks higher as oil prices fall

Philippines stocks higher as oil prices fall

Philippines stocks closed higher for the fourth straight day on Friday, led by number two lender Bank of the Philippine Islands, as investors cheered a fall in global crude prices.
Published 30 Oct, 2004 12:00am
Mian Sharif dead

Mian Sharif dead

Mian Sharif, father of former prime minister Nawaz Sharif and former chief minister of Punjab Shahbaz Sharif, passed away here, on Friday. He, along with his sons and other family members, was exiled to Saudi Arabia about three and a half years back after
Published 30 Oct, 2004 12:00am
Treasuries gain but strong GDP threatens

Treasuries gain but strong GDP threatens

Treasury debt prices edged higher on Thursday in volatile but mostly technical trade, although anxiety over a looming report on US gross domestic product kept bond bulls in check.
Published 30 Oct, 2004 12:00am
Mian Sharif dead

Mian Sharif dead

Mian Sharif, father of former prime minister Nawaz Sharif and former chief minister of Punjab Shahbaz Sharif, passed away here, on Friday. He, along with his sons and other family members, was exiled to Saudi Arabia about three and a half years back after
Published 30 Oct, 2004 12:00am
Treasuries gain but strong GDP threatens

Treasuries gain but strong GDP threatens

Treasury debt prices edged higher on Thursday in volatile but mostly technical trade, although anxiety over a looming report on US gross domestic product kept bond bulls in check.
Published 30 Oct, 2004 12:00am
Five killed after Liberian capital swept by riots

Five killed after Liberian capital swept by riots

The Liberian capital Monrovia was under curfew on Friday after citywide riots killed at least five people two days before the end of a UN disarmament effort, provoking fears of a return to conflict in the West African state. "They can cut out my heart and
Published 30 Oct, 2004 12:00am
Hong Kong shares plunge

Hong Kong shares plunge

Hong Kong blue chips and Shanghai shares ended lower on Friday after Beijing raised key interest rates for the first time in nine years, in its boldest move yet to guard against an overheating economy.
Published 30 Oct, 2004 12:00am
Five killed after Liberian capital swept by riots

Five killed after Liberian capital swept by riots

The Liberian capital Monrovia was under curfew on Friday after citywide riots killed at least five people two days before the end of a UN disarmament effort, provoking fears of a return to conflict in the West African state. "They can cut out my heart and
Published 30 Oct, 2004 12:00am
Thai stocks rise on big caps

Thai stocks rise on big caps

Thai stocks recouped early losses to end higher on Friday as investors picked up energy and bank shares on easing fears about violence in the country's south, but profit-taking hit shipping firms.
Published 30 Oct, 2004 12:00am
Taiwan stocks close steady despite losses

Taiwan stocks close steady despite losses

Taiwan stocks held steady on Friday despite losses in major industrial shares like China Steel Corp after a surprise rate hike by China's central bank as tech and banking shares helped to support the market.
Published 30 Oct, 2004 12:00am
European Union leaders sign constitution

European Union leaders sign constitution

European Union leaders signed the bloc's first constitution in a glittering ceremony on Friday but celebrations were marred by uncertainty over ratification and political turmoil over the stalled European Commission.
Published 30 Oct, 2004 12:00am
Singapore shares fall

Singapore shares fall

Singapore shares retreated from 2-week highs to finish lower on Friday on worries over the impact of China's rate hike and caution ahead of results from blue chips such as United Overseas Bank and CapitaLand.
Published 30 Oct, 2004 12:00am
Jakarta shares dip

Jakarta shares dip

Jakarta stocks edged slightly lower on Friday, hit by profit taking following recent gains that came on the back of expectations of strong corporate earnings reports.
Published 30 Oct, 2004 12:00am
Seoul shares higher, soft oil offsets China impact

Seoul shares higher, soft oil offsets China impact

Seoul stocks ended slightly higher on Friday, after buying related to falling crude oil prices more than offset losses sparked by an unexpected interest rate hike in China, the top market for South Korean goods.
Published 30 Oct, 2004 12:00am
Tokyo stocks end down, China rate rise hits steel

Tokyo stocks end down, China rate rise hits steel

Japan's Nikkei share average closed down 0.75 percent on Friday as Nippon Steel Corp and rival steel makers dropped following China's surprise decision to raise interest rates.
Published 30 Oct, 2004 12:00am
Sri Lankan stocks up

Sri Lankan stocks up

Sri Lankan stocks ended higher on Friday as foreign investors confident of a bumper tourist season this winter bought hotel sector shares, brokers said.
Published 30 Oct, 2004 12:00am
Chinese shares down

Chinese shares down

Chinese shares closed down 1.6 percent on Friday after Beijing raised interest rates for the first time in nine years, bouncing off a near-3 percent slide in early trade thanks to a rally among banks.
Published 30 Oct, 2004 12:00am
Hong Kong dollar range-bound

Hong Kong dollar range-bound

The Hong Kong dollar was range-bound on Friday with profit-taking in the wake of China's rate rise offset by fresh buying on speculation of new fund inflows to the territory.
Published 30 Oct, 2004 12:00am
Chinese yuan notches weaker

Chinese yuan notches weaker

The yuan ended two notches weaker at 8.2766 per US dollar on Friday, still near the stronger end of its managed trading range.
Published 30 Oct, 2004 12:00am
Swiss franc little changed versus dollar

Swiss franc little changed versus dollar

The Swiss franc was little changed against the dollar early on Friday as the greenback remained near multi-year lows amid concerns over the US economic outlook and uncertainty ahead of the US Presidential elections next week.
Published 30 Oct, 2004 12:00am
Lahore High Court judge retires

Lahore High Court judge retires

Chief Justice of the Lahore High Court and the judges gave warm send off to Justice Bashir A. Mujahid at the judges gate of LHC, as he retired from his office on Friday.
Published 30 Oct, 2004 12:00am
Mangla project widely hailed

Mangla project widely hailed

People belonging to different shades of public opinion have welcomed the just-executed construction work on Rs 64 billion Mangla Dam raising project and the unprecedented liberal compensation package being implemented in phases by the government of Pakist
Published 30 Oct, 2004 12:00am
PML members of NWFP Assembly call on Prime Minister

PML members of NWFP Assembly call on Prime Minister

Prime Minister Shaukat Aziz on Thursday asked the members of NWFP assembly belonging to PML to play an active role in re-organisation of party in the province and to make it a vibrant political force.
Published 30 Oct, 2004 12:00am
Foreign office clarifies president's remarks on Kashmir

Foreign office clarifies president's remarks on Kashmir

President General Pervez Musharraf has not given any proposal for resolving the Kashmir issue rather has asked the media to carry out a debate to elicit public opinion, a Foreign Office spokesman clarified on Friday.
Published 30 Oct, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 30 Oct, 2004 12:00am
Chinese company keen to build hydropower project

Chinese company keen to build hydropower project

A seven-member Chinese delegation, led by Dr Guojun Lu, president of China International Water and Electric Corporation (CWE) called on the Federal Minister for Water and Power, Liaquat Ali Jatoi, and expressed their interest to construct hydro-power plan
Published 30 Oct, 2004 12:00am
Clean administration top priority: Sindh chief minister

Clean administration top priority: Sindh chief minister

Sindh Chief Minister Dr Arbab Ghulam Rahim has said his government's top most priority was a clean and honest administration. Wherever he would find a good and honest officer, he would depute him for serving in Sindh province, the chief minister said.
Published 30 Oct, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (October 29, 2004).
Published 30 Oct, 2004 12:00am
Japan may resume loan to Pakistan in 2005: Nobuaki

Japan may resume loan to Pakistan in 2005: Nobuaki

Appreciating Pakistan's progress towards democracy, Japanese Ambassador Nobuaki Tanaka on Friday indicated resumption of Japan's "Yen Loan Programme" for Islamabad early next year which had been suspended since May 1998, after the country tested its nucle
Published 30 Oct, 2004 12:00am
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