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Print - 2004-04-07
US stocks at month-long highs, led by GE and AIG

US stocks at month-long highs, led by GE and AIG

US stocks rose to their highest closing levels in a month on Monday as investors welcomed good service-sector data and looked forward to a solid first-quarter earnings season.
Published 07 Apr, 2004 12:00am
Singapore shares finish lower after six days of gains

Singapore shares finish lower after six days of gains

Singapore shares ended a six-day winning streak to finish lower on Tuesday, with Singapore Airlines among the big losers after rival Qantas Airways announced plans to start a new budget airline based in the city state.
Published 07 Apr, 2004 12:00am
Taiwan stocks dip for first time in seven sessions

Taiwan stocks dip for first time in seven sessions

Taiwan stocks closed lower for the first time in seven sessions on Tuesday as investors pocketed recent gains in electronics shares like AU Optronics that had been inspired by expectations of better earnings.
Published 07 Apr, 2004 12:00am
Chinese shares rise, outlook firm

Chinese shares rise, outlook firm

China's shares closed at their highest level in more than 30 months on Tuesday as investors piled into tourism stocks ahead of the annual May holidays when millions will take to the air and roads.
Published 07 Apr, 2004 12:00am
Property helps Hong Kong stocks to close sharply firmer

Property helps Hong Kong stocks to close sharply firmer

Hong Kong shares ended sharply higher on Tuesday, buoyed by property counters, and as investors shrugged off political uncertainties after China finally stamped its authority on the city's electoral laws.
Published 07 Apr, 2004 12:00am
Nikkei ends above 12,000, highest since August 2001

Nikkei ends above 12,000, highest since August 2001

Japan's Nikkei average reached its highest closing level in 32 months on Tuesday after a jump in the dollar against the yen triggered buying in Sony Corp and other tech shares.
Published 07 Apr, 2004 12:00am
Sri Lankan stocks tumble

Sri Lankan stocks tumble

Sri Lankan stocks dived 9.5 percent on Tuesday, the first trading day after voters ousted Prime Minister Ranil Wickremesinghe's pro-business party in favour of a left-leaning minority government.
Published 07 Apr, 2004 12:00am
Indian shares snap four-day rise

Indian shares snap four-day rise

Indian shares snapped a four-day rally on Tuesday despite rises in technology and drug stocks, while the rupee fell from near a four-year high as the central bank absorbed investment inflows.
Published 07 Apr, 2004 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US technology stocks fell on Tuesday as a disappointing forecast from cellphone giant Nokia Corp sparked a sell-off in heavyweights like IBM and Intel.
Published 07 Apr, 2004 12:00am
FTSE-100 unnerved by weak Nokia outlook

FTSE-100 unnerved by weak Nokia outlook

Top British shares halted a three-day winning streak to end lower on Tuesday after telecoms firms Vodafone and mmO2 slipped on a weak profit outlook from technology bellwether Nokia.
Published 07 Apr, 2004 12:00am
Canadian dollar gains, bonds dip on US data

Canadian dollar gains, bonds dip on US data

The Canadian dollar rose against the greenback on Monday despite upbeat data from the United States, a sign experts say is positive sentiment toward the Canadian currency ahead of domestic jobs data this week.
Published 07 Apr, 2004 12:00am
Bangladeshi taka closes flat

Bangladeshi taka closes flat

The Bangladesh taka ended unchanged at 58.97/59.00 per dollar on Tuesday, with only a few deals settled, dealers said.
Published 07 Apr, 2004 12:00am
Chinese yuan unchanged versus US dollar

Chinese yuan unchanged versus US dollar

The yuan ended unchanged versus the dollar at 8.2769 on Tuesday, remaining near the stronger end of its managed trading range.
Published 07 Apr, 2004 12:00am
Indian rupee ends lower

Indian rupee ends lower

The Indian rupee slipped off the previous session's near-four-year closing high on Tuesday as the central bank mopped up foreign trade and investment inflows, traders said.
Published 07 Apr, 2004 12:00am
Dollar surges against euro and yen

Dollar surges against euro and yen

The dollar jumped to a two-week high against the yen and a four-month peak against the euro on Tuesday after a series of US data raised the prospect of the US Federal Reserve hiking interest rates in the near-term.
Published 07 Apr, 2004 12:00am
Asian currencies easier, but downside limited

Asian currencies easier, but downside limited

The South Korean won fell more than half a percent on Tuesday as Asian currencies were weighed down by the US dollar's rise to a four-month peak against the euro and a two-week high versus the Japanese yen.
Published 07 Apr, 2004 12:00am
Sterling at one-year high against euro

Sterling at one-year high against euro

Sterling rose one percent against the dollar and also hit a one-year high versus the euro on Tuesday as investors shifted their funds back to the pound with prospects of higher interest rates in Britain.
Published 07 Apr, 2004 12:00am
Dollar hits two-week high against yen

Dollar hits two-week high against yen

The dollar jumped to a two-week high against a crumbling yen on Tuesday as a brightening economic picture in the United States bolstered expectations US interest rates will rise sooner rather than later.
Published 07 Apr, 2004 12:00am
Deal in sight on temple-mosque row: Advani

Deal in sight on temple-mosque row: Advani

India's deputy prime minister said Tuesday agreement was in sight on resolving one of India's most explosive religious disputes over construction of a Hindu temple on the ruins of a razed mosque.
Published 07 Apr, 2004 12:00am
Mexico rescuers find more bodies, flood toll at 34

Mexico rescuers find more bodies, flood toll at 34

Rescue workers pulled three more bodies from ruined homes in northern Mexico on Tuesday, taking the death toll to 34 after flash floods ripped through a normally arid town near the US border.
Published 07 Apr, 2004 12:00am
West criminally responsible on Rwanda

West criminally responsible on Rwanda

Western powers bear "criminal responsibility" for Rwanda's 1994 genocide because they did not care enough to stop it, the commander of the beleaguered UN peacekeeping force at the time said on Tuesday.
Published 07 Apr, 2004 12:00am
Lithuania sacks president over corruption scandal

Lithuania sacks president over corruption scandal

Lithuania's parliament threw out President Rolandas Paksas on Tuesday after 15 months in office, narrowly voting to impeach him on corruption charges just weeks before the former Soviet republic joins the EU.
Published 07 Apr, 2004 12:00am
China stamps its authority on Hong Kong

China stamps its authority on Hong Kong

China, fearing growing calls for greater democracy in Hong Kong, stamped its authority on the territory on Tuesday by ruling that it alone will determine the shape and timing of elections.
Published 07 Apr, 2004 12:00am
Hamas sets conditions for entry into mainstream

Hamas sets conditions for entry into mainstream

Hamas is ready to heed Palestinian leader Yasser Arafat's call for joining the Palestinian Authority but will not be restricted to a symbolic role, one of the Islamist movement's senior officials said Tuesday.
Published 07 Apr, 2004 12:00am
No Nato role in Iraq before UN in charge: France

No Nato role in Iraq before UN in charge: France

The United Nations must have responsibility for all operations in Iraq before a wider Nato role in stabilising the country can be considered, French Defence Minister Michele Alliot-Marie said on Tuesday.
Published 07 Apr, 2004 12:00am
Strikes, protests as pressure mounts on Nepal's king

Strikes, protests as pressure mounts on Nepal's king

Nepal's King Gyanendra came under intense political pressure Tuesday as a national strike called by Maoist rebels brought the kingdom to a shuddering halt and tens of thousands of activists staged fresh protests near his Kathmandu palace.
Published 07 Apr, 2004 12:00am
Britain foils plot to detonate chemical bomb

Britain foils plot to detonate chemical bomb

British and US intelligence services foiled a plot to detonate a chemical bomb in Britain by a group thought to be sympathetic to al Qaeda, the BBC reported on Tuesday.
Published 07 Apr, 2004 12:00am
Sialkot jolted

Sialkot jolted

An earthquake jolted Sialkot and its adjoining areas early Tuesday morning as a result of which people got scared and came out of their houses, reciting 'Kalimah'.
Published 07 Apr, 2004 12:00am
Amnesty and HRCP, others condemn killing of innocent Iraqis

Amnesty and HRCP, others condemn killing of innocent Iraqis

Amnesty International, Human Rights Commission of Pakistan, Pakistan Seraiki Party, Labour Party Pakistan, Pakistan People's Party, Muttahida Majlis-i-Amal, Pakistan Muslim League-N, Tehrik Jafaria Pakistan have strongly condemned the US attack on residen
Published 07 Apr, 2004 12:00am
Shabbir Shah arrested

Shabbir Shah arrested

Jammu and Kashmir Democratic Freedom Party (DFP) Chairman, Shabbir Ahmad Shah was arrested at Sopore on Tuesday while on his way to Kupwara during the election boycott campaign.
Published 07 Apr, 2004 12:00am
No foreign troops to be allowed to enter Pakistan: Rashid

No foreign troops to be allowed to enter Pakistan: Rashid

Minister for Information and Broadcasting Sheikh Rashid Ahmed on Tuesday, reiterating Pakistan's stance, made it clear that Pakistan will never allow any foreign troops to enter and operate from its soil.
Published 07 Apr, 2004 12:00am
Chattha and Majeed Malik call on Jamali

Chattha and Majeed Malik call on Jamali

PML leader's Hamid Nasir Chattha and Lieutenant General Majeed Malik (Retd), Senior Vice President of the party, called on Prime Minister Mir Zafarullah Khan Jamali separately in his chamber at the Parliament House on Tuesday.
Published 07 Apr, 2004 12:00am
Kashmiri people committed poll boycott: Hurriyat

Kashmiri people committed poll boycott: Hurriyat

Senior Hurriyat leaders said that people of Kashmir are committed and serious in boycotting the forthcoming Indian Lok Sabha farcical polls in occupied Kashmir and they will ignore these elections as they have done in the past.
Published 07 Apr, 2004 12:00am
Poll boycott drive going apace

Poll boycott drive going apace

Senior Kashmiri leaders have been visiting various places in connection with the election boycott campaign and urged people to desist from the coming Indian Lok Sabha elections.
Published 07 Apr, 2004 12:00am
Deadly soda drink

Deadly soda drink

This incident happened recently in Belgium and we need to be even more careful everywhere.
Published 07 Apr, 2004 12:00am
Shareholder's misery

Shareholder's misery

We refer to the letter written by A. R. Ismail, Karachi on the subject, which was published by your newspaper on 18th March 2004.
Published 07 Apr, 2004 12:00am
Algerians watchful as Islamists campaign

Algerians watchful as Islamists campaign

Eating couscous as he leans against the mosque wall, Mohamed believes the highest office in the land is a distant hope for Algerian Islamists, but he isn't losing heart.
Published 07 Apr, 2004 12:00am
OGRA's role in developing oil and gas infrastructure

OGRA's role in developing oil and gas infrastructure

The Natural Gas Regulatory Authority (NGRA) was established through a Presidential Ordinance in January 2000. Whereas in South Asia, regulatory authorities for other utilities like power, water etc existed, the formation of NGRA as a regulatory body for n
Published 07 Apr, 2004 12:00am
Caught unawares!

Caught unawares!

Coming so soon in the aftermath of the broad daylight terrorist attack on a Rangers' post in Karachi, the ghastly tragedy of Sunday morning in which five policemen inside Gulistan-e-Jauhar police station fell easy victims to a seemingly ingeniously planne
Published 07 Apr, 2004 12:00am
Meeting the challenge of road safety

Meeting the challenge of road safety

The World Health Day 2004 being observed today with the theme of road safety and heralded with the slogan "Road Safety is No Accident" will be seen as carrying a special message for Pakistan where road traffic deaths and injuries continue to acquire ghast
Published 07 Apr, 2004 12:00am
Disharmony in the federation

Disharmony in the federation

Two issues critical for harmony amongst the constituent units of the federation and between the provinces and the Centre continue to hang fire. Despite the March 31 deadline, no consensus could be hammered out at the National Finance Commission (NFC) Awar
Published 07 Apr, 2004 12:00am
Patel fined for dissent

Patel fined for dissent

India wicket-keeper Parthiv Patel has been fined 60 percent of his match fee for dissent in the second test against Pakistan.
Published 07 Apr, 2004 12:00am
Rashid Latif urges PCB to listen his point of view

Rashid Latif urges PCB to listen his point of view

Former Pakistan Cricket captain has urged the Pakistan Cricket Board to give him a chance to be heard in camera regarding his alleged allegations of match fixing of the 4th one day international against India at Lahore on March 21.
Published 07 Apr, 2004 12:00am
ICC rejects Pakistan call for match-fixing code

ICC rejects Pakistan call for match-fixing code

The International Cricket Council (ICC) has rejected a call from Pakistan for a code of conduct to prevent former cricketers from making unsubstantiated match-fixing claims.
Published 07 Apr, 2004 12:00am
Wasim Akram hits Pakistani pacers, lauds Umar Gul

Wasim Akram hits Pakistani pacers, lauds Umar Gul

Former Pakistan captain Wasim Akram has criticised Pakistani bowlers and said they lack match fitness and disappointed the public with their listless bowling during the on-going Indian tour.
Published 07 Apr, 2004 12:00am
Ganguly declared fit for third Test

Ganguly declared fit for third Test

Indian cricket captain Sourav Ganguly's doctor has declared him fit to play in the third Test against Pakistan and said the skipper would head back there on Wednesday.
Published 07 Apr, 2004 12:00am
Priyanka hopes cricket diplomacy to strengthen ties

Priyanka hopes cricket diplomacy to strengthen ties

Priyanka Gandhi, grand-daughter of former Indian prime minister Indira Gandhi, has expressed hope that cricket diplomacy will strengthen bonds of friendship between India and Pakistan.
Published 07 Apr, 2004 12:00am
SAF Games' closing ceremony on April 7

SAF Games' closing ceremony on April 7

The closing ceremony of the 9th South Asian Federation (SAF) Games-2004 will be held here on Wednesday at Jinnah Sports Complex.
Published 07 Apr, 2004 12:00am
Economy to get boost

Economy to get boost

Pakistan Cricket Board's professional and brilliant organisation of the series against India has not only helped boost the country's economy, it has also re-activated allied industries, said experts.
Published 07 Apr, 2004 12:00am
31 new records fall in shooting

31 new records fall in shooting

The shooting competitions of 9th SAF Games witnessed 31 SAF records tumble, with Indian shooters setting 26 new ones.
Published 07 Apr, 2004 12:00am
Pakistan captures incredible 10 gold in SAF Games boxing

Pakistan captures incredible 10 gold in SAF Games boxing

Pakistan clinched all but one of the 11 gold medals on offer, in a total domination of the boxing finals on the last day of actual competitions in the 9th SAF Games at Liaquat Gymnasium on Tuesday.
Published 07 Apr, 2004 12:00am
Contempt of court petition filed

Contempt of court petition filed

Tasneem Shaukat President of Wattan Party women's wing Punjab has approached the Supreme Court of Pakistan against Registrar Lahore High Court (LHC) praying to initiate contempt of court proceedings against him and other LHC officials for not entertaining
Published 07 Apr, 2004 12:00am
Call for improving LCCI performance

Call for improving LCCI performance

Steering Committee of the Piaf-Founder Alliance, the ruling group in the Lahore Chamber of Commerce and Industry (LCCI), while expressing satisfaction over the performance of the LCCI, has called for improving it further.
Published 07 Apr, 2004 12:00am
Sindh sugar mills resent cane commissioner's decision

Sindh sugar mills resent cane commissioner's decision

Pakistan Sugar Mills Association, Sindh Zone (PSMA-SZ) has demanded revision of the "abrupt decision" taken by the Cane Commissioner (CC) in connection with the deductions from the amount due for cane.
Published 07 Apr, 2004 12:00am
Conversion of two estates into EPZs hailed

Conversion of two estates into EPZs hailed

Appreciating the conversion of Duddar (Lasbela) and Gujranwala Industrial Areas into Export Processing Zones (EPZs), President Rawalpindi Chamber of Commerce and Industry (RCCI) Hussain Ahmed Ozgen has said that the role of EPZs is very important in enhan
Published 07 Apr, 2004 12:00am
World Health Day on April 7

World Health Day on April 7

'World Health Day 2004' is being celebrated under the auspices of World Health Organisation (WHO) throughout the world, including Pakistan on Wednesday, April 7 with a pledge to continue efforts for creating awareness about necessity of road safety for a
Published 07 Apr, 2004 12:00am
Coca-Cola Quality System Award ceremony held

Coca-Cola Quality System Award ceremony held

The Coca-Cola Quality System Award ceremony was held here on Tuesday at the Company's plant in which its three bottling plants-Lahore, Gujranwala and Rahim Yar Khan received the prestigious international quality award.
Published 07 Apr, 2004 12:00am
Lawyers asked to wear gowns

Lawyers asked to wear gowns

The Chief Justice of the Federal Shariah Court has asked the lawyers to appear before the court in gowns.
Published 07 Apr, 2004 12:00am
Indian views on Pakistan's likely MNNA status

Indian views on Pakistan's likely MNNA status

While the Foreign Office here awaits official intimation of Washington's decision to upgrade relations with Islamabad to the level of a 'Major Non-Nato Ally' (MNNA), New Delhi continues to be uneasy over the reports.
Published 07 Apr, 2004 12:00am
PWC seeks welfare fund in budget

PWC seeks welfare fund in budget

Pakistan Workers Confederation (PWC), Punjab has demanded of the government to allocate sufficient funds in the forthcoming budget for the welfare of workers community.
Published 07 Apr, 2004 12:00am
'Tana Bana' exhibition opens in Tokyo

'Tana Bana' exhibition opens in Tokyo

The exhibition entitled 'Tana Bana', the woven soul of Pakistan, opened at the Japan Folk Arts Museum (Nihon Mingeikan, Tokyo) on April 5, 2004, according to a message received from the Embassy of Pakistan, Tokyo.
Published 07 Apr, 2004 12:00am
Afaq remanded in police custody till April 10

Afaq remanded in police custody till April 10

Afaq Ahmed, Chairman of Mohajir Qaumi Movement (Haqiqi) was remanded in the custody of police till April 10 in a murder case of an activist Muttahida Qaumi Movement (MQM) by Judicial Magistrate East, Pervez-ul-Qadir Memon.
Published 07 Apr, 2004 12:00am
Government preparing to introduce bill against Karo-Kari

Government preparing to introduce bill against Karo-Kari

The government is preparing to introduce a bill in the Sindh Assembly against Karo-Kari to effectively curb this crime which has gained notoriety in most part of the province and in the country.
Published 07 Apr, 2004 12:00am
Partial solar eclipse on April 19

Partial solar eclipse on April 19

A partial solar eclipse will occur on April 19 but would not be visible from any part of Pakistan.
Published 07 Apr, 2004 12:00am
Inflows and outflows of rivers

Inflows and outflows of rivers

The position of the inflows/outflows at Tarbela, Mangla and Chashma along with the reservoirs levels and the barrages at 6 am on Tuesday.
Published 07 Apr, 2004 12:00am
Jatoi calls on CNS

Jatoi calls on CNS

Federal Minister for Industries and Production, Liaquat Ali Jatoi, called on the Chief of the Naval Staff, Admiral Shahid Karimullah at the Naval Headquarters in Islamabad.
Published 07 Apr, 2004 12:00am
HCCI concerned over tax challans

HCCI concerned over tax challans

The sub-committee of Hyderabad Chamber of Commerce and Industry (HCCI) for local government has expressed concern on issuance of challans to traders by the contractors of Taluka Latifabad Municipal administration with regard to sanitation and other taxes.
Published 07 Apr, 2004 12:00am
Hedge trading in cotton market opposed

Hedge trading in cotton market opposed

Government should not allow speculative and hedge trading in cotton market because it would ruin the smaller traders while big traders would become millionaire in a season at the cost of ginners' and cotton growers' fate.
Published 07 Apr, 2004 12:00am
US War College team visits Pakistani embassy

US War College team visits Pakistani embassy

A group representing faculty members of the US National War College visited the Pakistan embassy and attended a briefing by ambassador Ashraf Jehangir Qazi.
Published 07 Apr, 2004 12:00am
NAB seeks final report against PTCL engineer

NAB seeks final report against PTCL engineer

National Accountability Bureau has asked the Director Investigation, Punjab to submit the final report of a complaint against Bashir Ahmed Mulghani, Divisional Engineer Telephones, Digital Transit, PTCL Multan Telecom region, for his corruption and acquis
Published 07 Apr, 2004 12:00am
Law demanded to deal with occupational diseases

Law demanded to deal with occupational diseases

The rapid industrialisation and thereby discharge of poisonous gases, chemicals and effluents into water is increasing health hazards including lungs diseases like asthma, asbestosis, silicosis, heart diseases, muscle ailments, infertility and cancer-rela
Published 07 Apr, 2004 12:00am
Khyber Steam Safari falls victim to PR, STC negligence

Khyber Steam Safari falls victim to PR, STC negligence

Khyber Steam Safari, an adventure time ride through the legendary Khyber Pass by antiquated steam mechanism lost the whole winter tourism season due to the break down of a bridge in Khyber Agency.
Published 07 Apr, 2004 12:00am
Two relatives of UC Nazim held on bike snatching charge

Two relatives of UC Nazim held on bike snatching charge

Muzaffargarh police have arrested two close relatives of a Nazim of Union Council No 34, Gulab Khan Chandia, and their two accomplices on the charge of snatching a motorcycle at gunpoint from a lawyer.
Published 07 Apr, 2004 12:00am
Kasuri in Shanghai

Kasuri in Shanghai

Foreign Minister Khurshid Mahmood Kasuri arrived here on Tuesday at first leg of his three-day visit to China.
Published 07 Apr, 2004 12:00am
Pakistan taking steps for women empowerment

Pakistan taking steps for women empowerment

Pakistan has taken concerted actions for the economic and political empowerment of women in the country, the annual session of the UN Commission on Human Rights was informed on Tuesday.
Published 07 Apr, 2004 12:00am
13th National Scouts Jamboree to be held from April 16

13th National Scouts Jamboree to be held from April 16

Around five thousand boy scouts from across the country will participate in the week-long 13th National Scouts Jamboree to be held in Sumbol Park Garden Avenue, Islamabad from April 16.
Published 07 Apr, 2004 12:00am