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Print - 2004-12-28
Dubai to host first Global Indian Film Awards

Dubai to host first Global Indian Film Awards

The first Global Indian Film Awards (GIFA) will be held next month in Dubai, which is aiming to establish itself as the crossroads between Hollywood and Bollywood. The January 25-27 event will honour a host of Bollywood artists and performers in the bustl
Published 28 Dec, 2004 12:00am
Osama tape urges boycott of Iraq polls

Osama tape urges boycott of Iraq polls

An audio tape purportedly from al Qaeda leader Osama bin Laden has urged Iraqis to boycott January parliamentary elections, Arabic Al Jazeera television said on Monday. Shortly before airing the tape, the television said bin Laden backed Abu Musab al-Zarq
Published 28 Dec, 2004 12:00am
16 dead in French apartments blast

16 dead in French apartments blast

Sixteen people were killed in an apparent gas explosion in an apartment block in Mulhouse, close to the frontier with Germany, fire officials said Monday. The blast on Sunday, which brought down part of the four-story building and left three people missin
Published 28 Dec, 2004 12:00am
Indian army chief in China

Indian army chief in China

India's army chief visited Beijing on Monday during his first trip to China in a decade, reflecting warming ties between the world's two most populous nations. Vij's visit to China was designed to build trust between the two countries' nuclear-armed milit
Published 28 Dec, 2004 12:00am
Japan agrees to look at putting female on throne

Japan agrees to look at putting female on throne

The Japanese government decided Monday to look at allowing a female to ascend the throne of the world's oldest royal line in a move that could ease stress on the crown princess to produce a male heir.
Published 28 Dec, 2004 12:00am
Yushchenko wins Ukraine presidency in historic vote

Yushchenko wins Ukraine presidency in historic vote

Opposition leader Viktor Yushchenko won Ukraine's presidency, ballot counts showed Monday, after a historic and wrenching election in which he vowed to steer the strategic ex-Soviet nation on a new course toward the West and away from Russia. But his pro-
Published 28 Dec, 2004 12:00am
Yanukovich refuses to concede

Yanukovich refuses to concede

Ukraine's pro-Russia Prime Minister Viktor Yanukovich refused Monday to concede defeat in a historic presidential rerun election to his rival Viktor Yushchenko. "I will never acknowledge such a defeat because the constitution and human rights were violate
Published 28 Dec, 2004 12:00am
China vows to prevent Taiwan independence

China vows to prevent Taiwan independence

China's military will crush any major moves towards independence by Taiwan, a Beijing government policy paper said on Monday, prompting the self-governing island to accuse Beijing of escalating tensions. The defence paper was released as senior Chinese la
Published 28 Dec, 2004 12:00am
Hacker hits McDonald's China Web site over Taiwan

Hacker hits McDonald's China Web site over Taiwan

The Chinese-language Web site of fast food giant McDonald's Corp was broken into twice at Christmas by a hacker protesting against its listing of Taiwan as a separate country, the Beijing Youth Daily said on Monday. The world's largest restaurant chain is
Published 28 Dec, 2004 12:00am
Israel frees 159 Palestinian prisoners

Israel frees 159 Palestinian prisoners

Israel freed 159 Palestinian prisoners on Monday as a gesture to Egypt and moderate new Palestinian leader Mahmoud Abbas, but he called for a "serious release" of thousands of security detainees. Abbas, trying to persuade Palestinian militants to stop fig
Published 28 Dec, 2004 12:00am
Tens of thousands rally for peace in insurgency-racked Nepal

Tens of thousands rally for peace in insurgency-racked Nepal

Tens of thousands of demonstrators marched through Nepal's capital Kathmandu Monday to call for an end to an increasingly bloody conflict between Maoist rebels and security forces. Organisers said some 150,000 students, human rights activists and other su
Published 28 Dec, 2004 12:00am
Palestinian election candidate held

Palestinian election candidate held

A candidate for next month's Palestinian presidential election, Mustafa Barghuti, was detained Monday by Israeli police while campaigning in east Jerusalem, his spokesman told AFP. Barghuti was led away to the central police station after being arrested w
Published 28 Dec, 2004 12:00am
Gas explosion kills 14 in Algeria

Gas explosion kills 14 in Algeria

A gas explosion on Sunday killed 14 people and injured 28 others when a residential block collapsed in eastern Algeria, local authorities said. The blast early on Sunday was caused by a gas leak and destroyed two floors of a five-storey building in a poor
Published 28 Dec, 2004 12:00am
Youhana leads from the front, showy Shoaib puts Aussies under pressure

Youhana leads from the front, showy Shoaib puts Aussies under pressure

The 'Rawalpindi Express' steamed through the Australian top-order to give Pakistan an unexpected edge over cricket's world-beaters in the Boxing Day Test at the Melbourne Cricket Ground on Monday. A week after they surrendered for 72 and handed Australia
Published 28 Dec, 2004 12:00am
Kiwis gain comfortable win over Sri Lanka

Kiwis gain comfortable win over Sri Lanka

A four-wicket haul by veteran all-rounder Chris Cairns and a comprehensive 77 not out by Stephen Fleming set New Zealand up for a comfortable seven-wicket win with 17 overs to spare against Sri Lanka in a one-day cricket international here Sunday.
Published 28 Dec, 2004 12:00am
Lowest point, says India captain after shock defeat

Lowest point, says India captain after shock defeat

India captain Sourav Ganguly on Sunday conceded the stunning defeat against Bangladesh in the second one-day international here was his team's lowest point of the current season. India have been performing below expectations in one-day tournaments this se
Published 28 Dec, 2004 12:00am
Kallis century puts South Africa on top

Kallis century puts South Africa on top

Jacques Kallis hit a majestic century as South Africa moved into a dominant position on the second day of the second Test against England at Kingsmead Monday. Kallis was last man out for 162 in a South African total of 332, a first innings lead of 193. En
Published 28 Dec, 2004 12:00am
Batsmen on fire as India crush Bangladesh to clinch one-day series

Batsmen on fire as India crush Bangladesh to clinch one-day series

Yuvraj Singh and Virender Sehwag hammered explosive half-centuries as India whipped Bangladesh by 91 runs in the third and final one-day international to clinch the series 2-1 here on Monday. India, who suffered an upset defeat in the second game on Sunda
Published 28 Dec, 2004 12:00am
Two warriors going at each other

Two warriors going at each other

Australian opening batsman Justin Langer said he relishes his hair-raising duels with Pakistan express bowler Shoaib Akhtar after the pair's verbal dust-up at the Boxing Day cricket Test here on Monday. Shoaib launched into the little left-hander in one e
Published 28 Dec, 2004 12:00am
Monday's unofficial close: US stocks dip as oil prices hit energy shares

Monday's unofficial close: US stocks dip as oil prices hit energy shares

US stocks slipped on Monday in a quiet day on Wall Street as the price of oil dropped below $42 a barrel and knocked down shares of energy-related companies such as Exxon Mobil Corp. Some insurance stocks slid after the devastating tsunamis that killed mo
Published 28 Dec, 2004 12:00am
Rocket race in Gaza Strip

Rocket race in Gaza Strip

Fighters in the Gaza Strip are proud to show off the latest addition to their arsenal of home-made rockets - the "Yasser Arafat". Designed to fly further and strike harder than other makeshift missiles, it is also a powerful symbol of an arms race which d
Published 28 Dec, 2004 12:00am
Dreaming of a white Chrismukkah

Dreaming of a white Chrismukkah

When President George W. Bush kicked off his year-end press conference this week by wishing everyone a "Happy Holidays," he was flirting with an issue that has triggered protests, lawsuits and boycotts. Touted as the season of harmony, Christmas in the Un
Published 28 Dec, 2004 12:00am
German steel makers see record output

German steel makers see record output

Steel makers in Germany expect production to rise to a new record of 47 million tonnes in 2005, beating this year's output of 46.5 million tonnes in the face of booming world-wide demand, the German steel makers' federation said on Monday. The increase wo
Published 28 Dec, 2004 12:00am
Oil drops 6.5 percent on expected warmer US weather

Oil drops 6.5 percent on expected warmer US weather

Oil prices dropped nearly 6.5 percent in thin holiday trade on Monday as forecasts of a return to mild winter weather in the US Northeast eased worries about heating oil supplies. US light crude futures fell $2.86, or 6.47 percent, to $41.32 a barrel, aft
Published 28 Dec, 2004 12:00am
Oil drops 6.5 percent on expected warmer US weather

Oil drops 6.5 percent on expected warmer US weather

Oil prices dropped nearly 6.5 percent in thin holiday trade on Monday as forecasts of a return to mild winter weather in the US Northeast eased worries about heating oil supplies. US light crude futures fell $2.86, or 6.47 percent, to $41.32 a barrel, aft
Published 28 Dec, 2004 12:00am
Base metals seen firm but volatile into new year

Base metals seen firm but volatile into new year

Base metals prices are expected to swing wildly on lack of liquidity over the holidays, but traders and analysts believe that underneath they are deep and crisp and even. "The word you are looking for is volatility," Wictor Bielski, resources analyst at M
Published 28 Dec, 2004 12:00am
New York cotton close marginally higher

New York cotton close marginally higher

Cotton futures finished marginally higher Monday on trade buying in lethargic business, with brokers saying the market will likely stay in a band this week with the New Year holidays coming up. The New York Board of Trade's March cotton contract rose 0.02
Published 28 Dec, 2004 12:00am
Partly Facetious: endless bewildering contradictions

Partly Facetious: endless bewildering contradictions

"The Pakistani public is being told so many, many contradictory things that it must be very confusing. I mean I, for one, don't purport to speak for the public, unlike the Lotas, be they Musharrafites, Jiayalas, Nawalas or indeed the Maulanas, but one day
Published 28 Dec, 2004 12:00am
Insurers sap European shares after Asian disaster

Insurers sap European shares after Asian disaster

Weak insurance and leisure companies dragged European shares lower on Monday as investors feared large damage payouts and a loss of holiday bookings after Asia's tsunami disaster which killed more than 22,000 people. The euro's climb to a new lifetime hig
Published 28 Dec, 2004 12:00am
Euro touches record high versus dollar

Euro touches record high versus dollar

The euro notched up a record high against the dollar for a third straight trading day on Monday as confidence grew that euro zone policymakers would not intervene to halt the currency's surge. The euro also rose to its highest in 18 months against the yen
Published 28 Dec, 2004 12:00am
Aceh rebels declare cease-fire after tsunami

Aceh rebels declare cease-fire after tsunami

Leaders of the separatist GAM movement in Indonesia's Aceh province declared a unilateral cease-fire with government forces on Monday after tsunami waves from an underwater earthquake killed thousands in the region. "The Free Aceh Movement (GAM) has order
Published 28 Dec, 2004 12:00am
Grandson of Thai king killed

Grandson of Thai king killed

A grandson of King Bhumibol Adulyadej was among those killed when tidal waves smashed into southern Thailand, Prime Minister Thaksin Shinawatra said Monday. He said the body of Bhumi Jensen, 21, was found at the resort of Khao Lak in Phang Nga province ab
Published 28 Dec, 2004 12:00am
French court to rule on Aga Khan divorce

French court to rule on Aga Khan divorce

A French court has ruled it can hear the divorce application made by top racehorse owner and breeder the Aga Khan, his office said on Sunday. The Aga Khan, 66, a British citizen, is the spiritual leader of the Shia Ismaili Muslim community of about 20 mil
Published 28 Dec, 2004 12:00am
World scrambles to help Asia tidal wave victims

World scrambles to help Asia tidal wave victims

The United Nations mobilised aid world-wide for disaster victims in Asia as planeloads of emergency supplies headed Monday for countries hit by the killer tidal waves with a death surpassing 23,000. Western capitals and international agencies swung into a
Published 28 Dec, 2004 12:00am
OSCE raps Uzbek parliamentary poll as undemocratic

OSCE raps Uzbek parliamentary poll as undemocratic

Uzbekistan's parliamentary election on Sunday fell significantly short of international standards because it involved only parties loyal to President Islam Karimov, Europe's main human rights body said on Monday. Autocratic Karimov, 66, who has ruled the
Published 28 Dec, 2004 12:00am
Revamp taxes, customs for growth: IMF tells Albania

Revamp taxes, customs for growth: IMF tells Albania

Albania must upgrade its tax, customs and telecommunications systems if it wants keep on growing and eventually attract foreign investment, the International Monetary Fund (IMF) said. Jan-Peter Olters, the IMF representative in Albania, said the country's
Published 28 Dec, 2004 12:00am
Kuwait draft budget ups spending, cuts deficit

Kuwait draft budget ups spending, cuts deficit

Kuwait's cabinet is discussing a 2005-06 budget draft that raises spending to 6.9 billion dinars ($23.4 billion) while cutting the projected deficit, state news agency KUNA said on Sunday. It said the draft state budget for the fiscal year ending March 20
Published 28 Dec, 2004 12:00am
CAA wants case at ADR panel withdrawn

CAA wants case at ADR panel withdrawn

The Central Board of Revenue (CBR) is making efforts to convince the Civil Aviation Authority (CAA) not to withdraw its case filed under Alternate Dispute Resolution (ADR) system. Sources told Business Recorder here on Monday that on the request of
Published 28 Dec, 2004 12:00am
VTS services: CBR to approach PTA for clarification

VTS services: CBR to approach PTA for clarification

The Central Board of Revenue (CBR) has decided to approach Pakistan Telecommunication Authority (PTA) to clarify that services provided by 'Vehicle Tracker System' are telecommunication services or not. Sources told Business Recorder here on Monday
Published 28 Dec, 2004 12:00am
VTS services: CBR to approach PTA for clarification

VTS services: CBR to approach PTA for clarification

The Central Board of Revenue (CBR) has decided to approach Pakistan Telecommunication Authority (PTA) to clarify that services provided by 'Vehicle Tracker System' are telecommunication services or not. Sources told Business Recorder here on Monday
Published 28 Dec, 2004 12:00am
CED cut on domestic air travel notified

CED cut on domestic air travel notified

The Central Board of Revenue (CBR) has reduced central excise duty (CED) on the domestic air travel from 20 percent to 15 percent. The CBR has amended SRO 333(I)/2002 through a SRO 1005(I)/2004 issued on Monday. Official sources told Business Recorder
Published 28 Dec, 2004 12:00am
CED cut on domestic air travel notified

CED cut on domestic air travel notified

The Central Board of Revenue (CBR) has reduced central excise duty (CED) on the domestic air travel from 20 percent to 15 percent. The CBR has amended SRO 333(I)/2002 through a SRO 1005(I)/2004 issued on Monday. Official sources told Business Recorder
Published 28 Dec, 2004 12:00am
Indian reply awaited on Pak-Iran gas line: foreign office

Indian reply awaited on Pak-Iran gas line: foreign office

Answering questions at his weekly news briefing here on Monday, a spokesman of the Foreign Office said that Pakistan and Iran have agreed on laying a pipeline for export of gas to Pakistan and India. "We are now awaiting a decision by New Delhi." "As far
Published 28 Dec, 2004 12:00am
Indian reply awaited on Pak-Iran gas line: foreign office

Indian reply awaited on Pak-Iran gas line: foreign office

Answering questions at his weekly news briefing here on Monday, a spokesman of the Foreign Office said that Pakistan and Iran have agreed on laying a pipeline for export of gas to Pakistan and India. "We are now awaiting a decision by New Delhi." "As far
Published 28 Dec, 2004 12:00am
Musharraf and Kharazi share views on various issues

Musharraf and Kharazi share views on various issues

Iranian Foreign Minister Dr Kamal Kharazi on Monday called on President Musharraf at the Aiwan-e-Sadr and discussed bilateral relations, including Iran-Pakistan gas pipeline and developments in the region. The Iranian foreign minister, who was accompanied
Published 28 Dec, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (December 27, 2004).

Published 28 Dec, 2004 12:00am
Musharraf and Kharazi share views on various issues

Musharraf and Kharazi share views on various issues

Iranian Foreign Minister Dr Kamal Kharazi on Monday called on President Musharraf at the Aiwan-e-Sadr and discussed bilateral relations, including Iran-Pakistan gas pipeline and developments in the region. The Iranian foreign minister, who was accompanied
Published 28 Dec, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (December 27, 2004).

Published 28 Dec, 2004 12:00am
Mehsud and other groups asked to lay arms before January 15

Mehsud and other groups asked to lay arms before January 15

The Corps Commander Peshawar Lieutenant General Safdar Hussain on Monday warned Abdullah Mehsud, Baitullah and others involved in the terrorist activities in Mehsud area of South Waziristan to lay down arms before January 15, 2005 as after the expiry of d
Published 28 Dec, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (December 27, 2004).

Published 28 Dec, 2004 12:00am
Mehsud and other groups asked to lay arms before January 15

Mehsud and other groups asked to lay arms before January 15

The Corps Commander Peshawar Lieutenant General Safdar Hussain on Monday warned Abdullah Mehsud, Baitullah and others involved in the terrorist activities in Mehsud area of South Waziristan to lay down arms before January 15, 2005 as after the expiry of d
Published 28 Dec, 2004 12:00am
Nepra asked to ensure reasonable tariffs

Nepra asked to ensure reasonable tariffs

Prime Minister Shaukat Aziz, appreciating the performance of National Electric Power Regulatory Authority (Nepra) on Monday, said the authority should encourage new investors in power generation and ensure supply of electricity to the consumers at reasona
Published 28 Dec, 2004 12:00am
Nepra asked to ensure reasonable tariffs

Nepra asked to ensure reasonable tariffs

Prime Minister Shaukat Aziz, appreciating the performance of National Electric Power Regulatory Authority (Nepra) on Monday, said the authority should encourage new investors in power generation and ensure supply of electricity to the consumers at reasona
Published 28 Dec, 2004 12:00am
Inter-faith harmony in country excellent: Musharraf

Inter-faith harmony in country excellent: Musharraf

President General Pervez Musharraf on Monday underlined the excellent harmony that existed among various faiths in Pakistan, saying the minorities were accepted as an integral part of the country by the Muslim majority. "I wish and pray for this harmony i
Published 28 Dec, 2004 12:00am
Government agrees in principle to enhance minimum wage

Government agrees in principle to enhance minimum wage

The government has agreed in principle to enhance the minimum wage of the industrial workers from Rs 2,500 to Rs 3,000, pouring cold water on the hopes of labour unions which have been demanding for Rs 4,000 as the least salary. Moreover, the industrial w
Published 28 Dec, 2004 12:00am
Notification

Notification

Chief Election Commissioner, former Chief Justice Irshad Hasan Khan has upgraded the post of Secretary Election Commission from BPS-21 to BPS-22. According to a notification, Kanwar Muhammad Dilshad has assumed the office of the Secretary in BPS-22 on Mon
Published 28 Dec, 2004 12:00am
ARD to intensify anti-Musharraf drive

ARD to intensify anti-Musharraf drive

Pakistan Peoples' Party Parliamentarians and Pakistan Muslim League (Nawaz) have agreed to expand and intensify their anti-Musharraf campaign, involving the Muttahida Majlis-i-Amal and other parties. It was agreed that PPPP Vice-Chairman and ARD chief, Ma
Published 28 Dec, 2004 12:00am
Rs 5.3 billion duty drawback paid during July-November

Rs 5.3 billion duty drawback paid during July-November

The Central Board of Revenue (CBR) has paid Rs 5.3 billion as duty drawback to the exporters during July-November (2004-2005) against Rs 5.9 billion paid during the corresponding period last fiscal reflecting a decrease of Rs 0.6 billion. According to lat
Published 28 Dec, 2004 12:00am
NPO and Unisame sign MoU to promote SME sector

NPO and Unisame sign MoU to promote SME sector

National Productivity Organisation (NPO) has signed a Memorandum of Understanding (MoU) with the Union of Small and Medium Enterprises (Unisame) for the development and promotion of SME sector on Monday. The MoU is aimed at increasing awareness about SMEs
Published 28 Dec, 2004 12:00am
Pak-Saudi defence ties recounted

Pak-Saudi defence ties recounted

The strong ties between Saudi Arabia and Pakistan in the defence field, and specially between the Navies of the two brother Islamic countries were recounted here on Monday evening by the Saudi Arabian Consul General to Pakistan H E Dr Hasan A Attar at a r
Published 28 Dec, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Dec, 2004 12:00am
Japanese parliamentary Secretary due on December 30

Japanese parliamentary Secretary due on December 30

Japanese Parliamentary Secretary for Foreign Affairs Keishiro Fukushima will pay two-day visit to Pakistan from Wednesday. During his stay in Islamabad, Fukushima is expected to meet Pakistani Parliamentary Secretary for Foreign Affairs Saifullah Tiwana a
Published 28 Dec, 2004 12:00am
DTO told to decide FPCCI poll candidate's case

DTO told to decide FPCCI poll candidate's case

The Rawalpindi Bench of the Lahore High Court has directed the Director Trade Organisations, Ministry of Commerce to decide the case of Khawaja Zafar, a candidate for managing committee of Federation of Pakistan Chambers of Commerce and Industry (FPCCI),
Published 28 Dec, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (December 27, 2004).

Published 28 Dec, 2004 12:00am
Cut in tariffs and utilities demanded

Cut in tariffs and utilities demanded

Federation of Pakistan Chambers of Commerce and Industry Vice Chairman, Arshad Alam has noted the high cost of doing business in Pakistan as one of the major obstacles in the expansion of export base and demanded of the government to reduce the input cost
Published 28 Dec, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.

Published 28 Dec, 2004 12:00am
Seven Pakistani pilgrims die so far

Seven Pakistani pilgrims die so far

Seven Pakistani pilgrims have so far died after arriving in Saudi Arabia for Haj-2005, Secretary, Ministry of Religious Affairs, Vakil Ahmed Khan said on Monday. All the pilgrims died of natural causes and have been buried in Saudi Arabia by Pakistan Haj
Published 28 Dec, 2004 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Dec, 2004 12:00am
Over 47,000 pilgrims airlifted to Jeddah

Over 47,000 pilgrims airlifted to Jeddah

More than 47,000 intending pilgrims, both under government and private schemes, have so far been airlifted to Jeddah, for Haj-2005. The pre-Haj operation aimed at airlifting Pakistani pilgrims will continue till January 15 next, Secretary, Ministry of Rel
Published 28 Dec, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Dec, 2004 12:00am
PEPC approves environment policy

PEPC approves environment policy

Pakistan Environmental Protection Council has approved in principle the Environment Policy. Its meeting was held under the chairmanship of Prime Minister Shaukat Aziz here on Monday. Briefing newsmen, Minister for Environment Major Tahir Iqbal (Retd) said
Published 28 Dec, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (December 27, 2004).

Published 28 Dec, 2004 12:00am
ACLC recovers 22 vehicles

ACLC recovers 22 vehicles

The Anti Car Lifting Cell (ACLC) in successful operations during last three days has recovered 12 cars, nine motorcycles and a rickshaw. According to ACLC here, the vehicles bearing number CK-4709 and U-7875, lifted from the jurisdiction of North Nazimaba
Published 28 Dec, 2004 12:00am
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