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May 03, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-04-11
Former Enron CEO in hospital after 'erratic' behaviour

Former Enron CEO in hospital after 'erratic' behaviour

The indicted former chief of Enron, Jeff Skilling, was taken to hospital on Friday after accusing patrons at a bar of being FBI agents and trying to frisk them for recording devices, police officials said.
Published 11 Apr, 2004 12:00am
GE and Bechtel win Enron India firm stake

GE and Bechtel win Enron India firm stake

General Electric Co and Bechtel Group Inc have won bankrupt Enron Corp's stake in Dabhol Power Company in India in a US bankruptcy court for $20 million, the Times of India newspaper reported on Saturday.
Published 11 Apr, 2004 12:00am
Two Koreas to set up joint railway committee

Two Koreas to set up joint railway committee

Officials from South and North Korea on Saturday inked an agreement to set up a joint committee to operate cross-border railways between the two Koreas, a media pool report said.
Published 11 Apr, 2004 12:00am
Turkey's Sabanci Group chairman dies

Turkey's Sabanci Group chairman dies

Sakip Sabanci, chairman of one of Turkey's largest conglomerates, the Sabanci Group, died early on Saturday in hospital of complications resulting from influenza, Anatolia news agency reported.
Published 11 Apr, 2004 12:00am
Japan bets new Internet standard to drive e-world

Japan bets new Internet standard to drive e-world

The World Wide Web is just about 15 years old, but already it is showing signs of wear as growing demand for Internet addresses and everyday functionality challenge the limits of the technology behind the Web.
Published 11 Apr, 2004 12:00am
Time not right to discuss Iraq debt: Kuwait

Time not right to discuss Iraq debt: Kuwait

Kuwait's Speaker of Parliament said in remarks published on Saturday the time was not right to discuss reducing billions of dollars in Iraqi debts or Gulf War reparations sought from its former occupier.
Published 11 Apr, 2004 12:00am
Singapore to send business team to Russia

Singapore to send business team to Russia

Singapore Trade Minister George Yeo and representatives from 13 local companies will visit Russia from April 11-17 to strengthen economic relations, the government said Saturday.
Published 11 Apr, 2004 12:00am
German lawmakers keep pressure on Welteke to quit

German lawmakers keep pressure on Welteke to quit

German lawmakers appealed again on Saturday to Bundesbank President Ernst Welteke to resign in a scandal over a luxury hotel bill, and complained he was tarnishing the image of the country's respected central bank.
Published 11 Apr, 2004 12:00am
MmO2 wins 400,000 new German clients

MmO2 wins 400,000 new German clients

Mobile phone operator mmO2 Plc has won around 400,000 new subscribers in Germany in the first quarter of the year, to reach just under six million clients at its O2 Germany unit, a spokesman said on Saturday.
Published 11 Apr, 2004 12:00am
Nigeria forms committee on refinery privatisation

Nigeria forms committee on refinery privatisation

Nigerian President Olusegun Obasanjo has set up a committee on a plan to sell off its 51 percent shares in its four oil refineries, most of which are underperforming, officials said Saturday.
Published 11 Apr, 2004 12:00am
Moody's downgrades US Airways debt

Moody's downgrades US Airways debt

Citing weak financial performance, Moody's Investors Service downgraded or withdrew about $3.2 billion in US Airways aircraft-backed debt on Friday in another sign that as far as markets are concerned the jury is still out on the airline's restructuring e
Published 11 Apr, 2004 12:00am
Vietnam can double rubber output by 2010

Vietnam can double rubber output by 2010

Vietnam, fast emerging as a key rubber producer and exporter, said on Friday it had the capacity to boost output to 800,000 tonnes by 2010 from an estimated 450,000 tonnes this year.
Published 11 Apr, 2004 12:00am
Malaysian tin down $345 as LME plunges

Malaysian tin down $345 as LME plunges

Malaysian tin price fell $345 a tonne on Friday as the market tracked a sharp fall on the London Metal Exchange (LME).
Published 11 Apr, 2004 12:00am
Shanghai copper falls, LME on Easter break

Shanghai copper falls, LME on Easter break

Shanghai copper closed lower on Friday in slack trade as its main reference point, the London Metal Exchange (LME), began the Easter break, traders said.
Published 11 Apr, 2004 12:00am
US FDA warns of lead in some Mexican candy

US FDA warns of lead in some Mexican candy

The US Food and Drug Administration warned on Friday against letting children eat certain imported Mexican candies because of lead contamination.
Published 11 Apr, 2004 12:00am
Speculators add to net-long yen positions: CFTC

Speculators add to net-long yen positions: CFTC

Speculators in IMM yen futures added to net-long positions in the week ended April 6, while the net-long position in Canadian dollar futures hit a 12-month high, according to data from the Commodity Futures Trading Commission on Friday.
Published 11 Apr, 2004 12:00am
Indonesia rubber output seen rising in 2004

Indonesia rubber output seen rising in 2004

Indonesia, the world's number two rubber producer, is expected to produce 1.95 million tonnes of natural rubber in 2004, up from 1.79 million tonnes last year, industry officials said on Friday.
Published 11 Apr, 2004 12:00am
Russian mine blast kills 20

Russian mine blast kills 20

A gas explosion at a Siberian colliery on Saturday killed 20 miners and rescue teams combed a vast shaft for 25 others missing underground, officials in the region said.
Published 11 Apr, 2004 12:00am
Bush was told of planned al Qaeda attacks before 9/11

Bush was told of planned al Qaeda attacks before 9/11

US President George W. Bush was told more than a month before the September 11 attacks that supporters of Osama bin Laden planned a strike within the United States with explosives and wanted to hijack airplanes, The New York Times reported Saturday.
Published 11 Apr, 2004 12:00am
19 Indonesian parties reject election results

19 Indonesian parties reject election results

Nineteen Indonesian political parties on Saturday rejected the results of the April 5 parliamentary election, saying the process had been riddled with problems.
Published 11 Apr, 2004 12:00am
Britain backs US tactics in Iraq: Hoon

Britain backs US tactics in Iraq: Hoon

Britain supports the tactics employed by US forces in Iraq to battle Sunni insurgents and put down an uprising by a Shia group, British Secretary of Defence Geoff Hoon said on Saturday.
Published 11 Apr, 2004 12:00am
Taiwan's opposition protest

Taiwan's opposition protest

More than 100,000 Taiwan opposition supporters protested on Saturday, demanding an independent inquiry into an election-eve assassination attempt on President Chen Shui-bian that they suspect may have been staged.
Published 11 Apr, 2004 12:00am
Bush vows to defeat rebels in Iraq

Bush vows to defeat rebels in Iraq

President George W. Bush pledged on Saturday that the US-led coalition would defeat guerrillas wreaking havoc in Iraq and he defended plans to hand sovereignty to an interim Iraqi government on June 30.
Published 11 Apr, 2004 12:00am
Sporadic clashes: 5 Palestinian held

Sporadic clashes: 5 Palestinian held

Sporadic clashes were reported in the West Bank and Gaza Strip Saturday, as Israeli soldiers arrested five suspected Palestinian militants in two separate raids, sources on both sides said.
Published 11 Apr, 2004 12:00am
Palestinian girl killed

Palestinian girl killed

A 12-year-old Palestinian girl was killed by Israeli fire in the southern Gaza Strip town of Khan Yunis on Saturday, Palestinian medics said.
Published 11 Apr, 2004 12:00am
Al-Jazeera TV journalist jailed

Al-Jazeera TV journalist jailed

A Sudanese court has sentenced the Khartoum bureau chief of television channel Al-Jazeera to one month in jail and a fine equivalent to 400 dollars for false reporting, his lawyer said.
Published 11 Apr, 2004 12:00am
Iraq group claims of detaining 30 foreigners

Iraq group claims of detaining 30 foreigners

An Iraqi group said in footage aired by an Arab TV station on Saturday it was holding 30 foreign hostages and threatened to decapitate them unless US forces lifted their blockade of the town of Falluja.
Published 11 Apr, 2004 12:00am
Afghan army secures Maimana city

Afghan army secures Maimana city

Forces of a renegade adviser to President Hamid Karzai have withdrawn from the centre of a provincial capital they had overrun, leaving it in the hands of the Afghan national army, the Defence Ministry said on Saturday.
Published 11 Apr, 2004 12:00am
Former UK foreign secretary blasts US policy

Former UK foreign secretary blasts US policy

Former British foreign secretary Douglas Hurd on Saturday blasted Washington's policy in Iraq saying the United States was mistaken in believing it could impose democracy in the war-shattered country through the use of force.
Published 11 Apr, 2004 12:00am
Nepalese demand democratic reforms

Nepalese demand democratic reforms

Nepali police fired tear gas to break up several thousand demonstrators pressing the king for democratic reforms on Saturday, and held more than 500 people for defying a ban on protests, witnesses said.
Published 11 Apr, 2004 12:00am
Thousands protest in Amsterdam for asylum seekers

Thousands protest in Amsterdam for asylum seekers

Thousands of people gathered in Amsterdam Saturday to demonstrate against the Dutch government's plans to expel 26,000 failed asylum seekers, many of whom have lived in the country for years.
Published 11 Apr, 2004 12:00am
Sri Lankan president keeps three posts in new cabinet

Sri Lankan president keeps three posts in new cabinet

Sri Lanka's president kept three portfolios including defence when the island's cabinet was named on Saturday, concentrating her power after saying she would also take charge of restarting a peace bid with Tamil rebels.
Published 11 Apr, 2004 12:00am
Taiwan foreign minister quits

Taiwan foreign minister quits

Taiwan accepted the resignation on Saturday of Foreign Minister Eugene Chien, who quit to take responsibility for the loss of a good ally in Washington against China's diplomatic stranglehold.
Published 11 Apr, 2004 12:00am
Iran seeks European trio's backing

Iran seeks European trio's backing

Foreign Minister Kamal Kharazi discussed Iran's nuclear case with the foreign ministers of Britain, France and Germany, seeking their support ahead of a June meeting of the International Atomic Energy Agency (IAEA) board of governors, Iranian dailies repo
Published 11 Apr, 2004 12:00am
Berlusconi makes surprise visit at Iraqi base

Berlusconi makes surprise visit at Iraqi base

Italian Prime Minister Silvio Berlusconi told Italian troops serving in southern Iraq their nation was proud of them when he made a surprise Easter visit to their base on Saturday.
Published 11 Apr, 2004 12:00am
Sehwag to be married on April 22

Sehwag to be married on April 22

Virender Sehwag will be opening a new innings in his life when he ties the knot with the Delhi girl Arti Singh on April 22, four days after the return of the Indian cricket team from Pakistan, at the official bungalow allotted to Law Minister Arun Jaitley
Published 11 Apr, 2004 12:00am
Indian elections behind poor turnout?

Indian elections behind poor turnout?

The Pakistan Cricket Board (PCB) has blamed the Indian government for the poor turnout for the Test matches, saying Board of Control For Cricket in India (BCCI) insisted on playing the One-dayers first at the behest of their government in view of the comi
Published 11 Apr, 2004 12:00am
ICC body to meet from May 9

ICC body to meet from May 9

A meeting of International Cricket Council (ICC) Development Committee will be held on 9th and 10th of next month at Lahore.
Published 11 Apr, 2004 12:00am
Journalists match on April 12

Journalists match on April 12

Pakistani and Indian sports journalists will match their cricketing skills at a one-day game at the Army Cricket Ground on Monday, a day before the 3rd Test begins at Pindi Cricket Stadium.
Published 11 Apr, 2004 12:00am
Salim Malik wants to clear his name

Salim Malik wants to clear his name

Former Pakistan captain Salim Malik, banned from cricket for life in 2000 for alleged involvement in match-fixing, wants a chance to clear his name.
Published 11 Apr, 2004 12:00am
Mushtaq still striving for Test recall

Mushtaq still striving for Test recall

Pakistan leg-spinner Mushtaq Ahmed said he for one was not ready to call time on his Test career and insisted he would going flat-out to earn an international recall.
Published 11 Apr, 2004 12:00am
Wright drops Yuvraj's name for opening

Wright drops Yuvraj's name for opening

With the opening puzzle still unsolved, Indian cricket team coach John Wright hinted that Yuvraj Singh could be included in the team in place of Aakash Chopra for the third and series-deciding Test at Rawalpindi.
Published 11 Apr, 2004 12:00am
Injury-hit Pakistan face Sami's fitness scare

Injury-hit Pakistan face Sami's fitness scare

Pakistan's chances of winning the historic Test series against India have been dented with the news that fast bowler Mohammad Sami is struggling with back pain.
Published 11 Apr, 2004 12:00am
Massive uplift plan being implemented in Punjab

Massive uplift plan being implemented in Punjab

Pakistan Muslim League Quaid-e-Azam (PML-Q) is endeavouring to restore democracy at grassroots level, and needs people to understand the objectives of its policies, said Chaudhry Zaheer-ud-Din Khan, Punjab Minister for Communication Works.
Published 11 Apr, 2004 12:00am
Chilean mutual funds

Chilean mutual funds

At the end of June 2003, total assets managed by Chilean Mutual Funds reached $6.0 billion, equivalent to 9.0% of Chilean GDP.
Published 11 Apr, 2004 12:00am
Speed-breakers

Speed-breakers

The construction of unmarked speed breakers poses a health hazard for motorcyclists and cars alike. Such unmarked speed breakers line the main road leading from Korangi to the Clifton Sea.
Published 11 Apr, 2004 12:00am
Privatisation of KESC

Privatisation of KESC

The Federal Minister for Privatization, speaking at a dinner hosted in his honour at a local hotel by the Karachi Chamber of Commerce and Industry (KCCI), reportedly asked the members of KCCI to form a consortium or a business group and come up with a bid
Published 11 Apr, 2004 12:00am
Economic growth eludes UP villages

Economic growth eludes UP villages

Thirty-four-year-old Haidar Abbas muscled out two buckets from a hand-pump in his village and grimaced as he looked at the tepid, muddy water.
Published 11 Apr, 2004 12:00am
Social enterprises and poverty reduction

Social enterprises and poverty reduction

Why does social enterprise have to operate at the margins? Why does it have to be small when poverty is only getting bigger? Social leadership today seems fixated on smallness: microcredit, small fair-trade boutiques, small CSR projects, individual small
Published 11 Apr, 2004 12:00am
Sound performance of agriculture sector

Sound performance of agriculture sector

The statistics presented at the meeting of the Federal Committee on Agriculture on April 3 reflected production in major Kharif crops during 2003-04 at a level higher than the estimates fixed before the beginning of the season.
Published 11 Apr, 2004 12:00am
Approval of new EPZs

Approval of new EPZs

At a meeting last Monday (April 5), the Economic Co-ordination Committee of the Cabinet (ECC), chaired by Finance Minister Shaukat Aziz, a number of important decisions were taken to promote economic activity in viable areas besides removing hurdles in ce
Published 11 Apr, 2004 12:00am
Saarc trade fair to be held in India

Saarc trade fair to be held in India

The South Asian Association for Regional Co-operation (Saarc) trade fair would be held in India in the first week of December.
Published 11 Apr, 2004 12:00am
Punjab to evaluate research in agriculture

Punjab to evaluate research in agriculture

Punjab Agriculture Secretary Captain Arif Nadeem (Retd) called on Punjab University Vice-Chancellor Arshad Mahmood and discussed with him possibility of undertaking research jointly by both the organisations.
Published 11 Apr, 2004 12:00am
Government to promote standardised education

Government to promote standardised education

Punjab government will provide all out assistance to the private sector for the promotion of standardised education at reasonable fees structure to the masses.
Published 11 Apr, 2004 12:00am
Data Saheb's teachings explained

Data Saheb's teachings explained

Several spiritual gatherings were held at the mausoleum of Hazrat Data Ganj Bakhsh in connection with 960th Urs celebrations of the saint, on Saturday.
Published 11 Apr, 2004 12:00am
PIA engineering department certified as AMO

PIA engineering department certified as AMO

The engineering department of the Pakistan International Airline (PIA) has done it, though belated. It is now an Approved Maintenance Organisation (AMO), having received prestigious Part-145 certification of the European Aviation Safety Agency (EASA).
Published 11 Apr, 2004 12:00am
Small investors benefited by NIT's good work: Shaukat

Small investors benefited by NIT's good work: Shaukat

Finance Minister Shaukat Aziz has said that National Investment Trust's superior performance of recent past has alleviated the problems of small investors to a large extent, and the investors in general have benefited.
Published 11 Apr, 2004 12:00am
Small investors benefited by NIT's good work: Shaukat

Small investors benefited by NIT's good work: Shaukat

Finance Minister Shaukat Aziz has said that National Investment Trust's superior performance of recent past has alleviated the problems of small investors to a large extent, and the investors in general have benefited.
Published 11 Apr, 2004 12:00am
Malik Allahyar elected PAC chief

Malik Allahyar elected PAC chief

National Assembly member Malik Allahyar Khan has been elected Chairman of Public Accounts Committee (PAC) here on Saturday morning.
Published 11 Apr, 2004 12:00am
NKATI representatives invited to advisory body meeting on April 14

NKATI representatives invited to advisory body meeting on April 14

Federal Minister for Industries and Production, Liaquat Ali Jatoi, said here on Saturday that his ministry has summoned a meeting of advisory committee of the ministry on April 14 in Islamabad to discuss all issues pertaining to investment and industriali
Published 11 Apr, 2004 12:00am
Sabro introduces new split AC models

Sabro introduces new split AC models

S A Brothers Limited (Sabro), Islamabad has introduced three new models of 0.75 ton, one ton and 1.5 ton split air-conditioners in the market.
Published 11 Apr, 2004 12:00am
Piaf seeks early construction of Kalabagh dam

Piaf seeks early construction of Kalabagh dam

Construction of Kalabagh dam must be the top most priority of the government, therefore its construction should be started immediately to meet the water requirements of the country apart from producing cheaper electricity.
Published 11 Apr, 2004 12:00am
PSIC pledges loans to new entrepreneurs

PSIC pledges loans to new entrepreneurs

The Punjab Small Industries Corporation (PSIC) would extend loans up to Rs 3 million at 7 percent mark up to entrepreneurs who want to start new business in Punjab on 40:60 equity ratio.
Published 11 Apr, 2004 12:00am
RTAs differ with WTO standard: FPCCI

RTAs differ with WTO standard: FPCCI

The Regional Trade Agreements (RTAs) are in disagreement with the guiding principles of the World Trade Organisation (WTO).
Published 11 Apr, 2004 12:00am
Remarkable improvement of water inflow in rivers recorded

Remarkable improvement of water inflow in rivers recorded

Remarkable improvement of water inflow in major rivers of the country, especially in the Indus, Jehlum, Chenab and Kabul, was recorded owing to snow melting impact due to sudden increase in temperature which was more than 101,227 cusecs.
Published 11 Apr, 2004 12:00am
Gwadar's first phase to complete next year

Gwadar's first phase to complete next year

Balochistan Governor Owais Ghani has said that the first phase of Pakistan's third deep sea port at Gwadar along Makran coast would be completed by our time tested friend China early next year.
Published 11 Apr, 2004 12:00am
Soap makers' problems to be resolved on priority basis

Soap makers' problems to be resolved on priority basis

Federal Minister for Industries Liaquat Ali Jatoi has said that the present government is businessmen-friendly, "and that is why our policies are targeted towards industrially, economically and financially self-sufficient and independent Pakistan".
Published 11 Apr, 2004 12:00am
'Job banks' to be set up in Punjab

'Job banks' to be set up in Punjab

Punjab government is actively considering to establish 'Job Banks' in each district headquarters in the province.
Published 11 Apr, 2004 12:00am
Christians celebrate Easter on April 11

Christians celebrate Easter on April 11

The Christian community will celebrate Easter with great religious fervour and enthusiasm in the city on Sunday with a renewed pledge to further foster love, promote peace and uphold the glory of truth in the country.
Published 11 Apr, 2004 12:00am
PTA lauds KESC facility on Eid-ul-Azha

PTA lauds KESC facility on Eid-ul-Azha

Tanners Association (SZ) Chairman Mian Ahson Elahi has acknowledged the co-operation extended by Karachi Electric Supply Corporation (KESC) on Eid-ul-Azha, which is peak tanning season.
Published 11 Apr, 2004 12:00am
Pesticides policy to be announced soon

Pesticides policy to be announced soon

The government is going to announce 'National Pesticide Policy' soon, as the draft of the policy will be placed before the Cabinet in its next meeting, likely to be held within the next ten days.
Published 11 Apr, 2004 12:00am
Gender in journalism awards 2004

Gender in journalism awards 2004

Pakistan Press Foundation (PPF) in collaboration with United Nations Educational, Scientific and Cultural Organisation (Unesco) is holding 'Gender in Journalism Awards 2004' ceremony at a hotel in Islamabad on Monday (April 12) at 3.30 pm.
Published 11 Apr, 2004 12:00am
Issues solution lies in Islamic teachings

Issues solution lies in Islamic teachings

The solution to all problems confronting human beings lies in the teachings of Islam, and the people can achieve the goal of peace by following the universal principles of Islam.
Published 11 Apr, 2004 12:00am
Obituary

Obituary

Wife of Punjab Food Minister Chaudhry Muhammad Iqbal, who died here on Saturday morning, was laid to rest in the local graveyard in the evening.
Published 11 Apr, 2004 12:00am
KESC urged to take steps for residents safety

KESC urged to take steps for residents safety

Residents of Karachi have become extremely careful in letting in meter readers of the KESC following the reported robbery committed by persons posing as KESC meter readers who deprived a family in Gulshan-e-Iqbal of cash, ornaments and motorcar, reports U
Published 11 Apr, 2004 12:00am
Pak-India talks to help settle issues: Prime Minister

Pak-India talks to help settle issues: Prime Minister

Prime Minister Mir Zafarullah Khan Jamali on Saturday said the recently resumed India-Pakistan dialogue will help find a negotiated settlement of all outstanding issues besides promoting people to people contact between the two countries.
Published 11 Apr, 2004 12:00am
Scholarship programmes lure students at PIEE exhibition

Scholarship programmes lure students at PIEE exhibition

Thousands of students from both public and private educational institutions in the metropolitan thronged the Pakistan International Education Exhibition on its first day being held at the Expo Center here on Saturday.
Published 11 Apr, 2004 12:00am
More tribes join hunt for al Qaeda suspects in Wana

More tribes join hunt for al Qaeda suspects in Wana

Authorities' efforts to win support from border tribes in the hunt for al Qaeda militants made headway on Saturday as three more tribes announced they would deploy hundreds of armed tribesmen in the search.
Published 11 Apr, 2004 12:00am
More tribes join hunt for al Qaeda suspects in Wana

More tribes join hunt for al Qaeda suspects in Wana

Authorities' efforts to win support from border tribes in the hunt for al Qaeda militants made headway on Saturday as three more tribes announced they would deploy hundreds of armed tribesmen in the search.
Published 11 Apr, 2004 12:00am
Security for gas pipeline in Sindh and Balochistan ordered

Security for gas pipeline in Sindh and Balochistan ordered

Inspector General of Police, Sindh, Syed Kamal Shah has stressed strict security measures taken at all important points on the gas pipeline network, especially passing through the provincial borders of Sindh and Balochistan.
Published 11 Apr, 2004 12:00am
Security for gas pipeline in Sindh and Balochistan ordered

Security for gas pipeline in Sindh and Balochistan ordered

Inspector General of Police, Sindh, Syed Kamal Shah has stressed strict security measures taken at all important points on the gas pipeline network, especially passing through the provincial borders of Sindh and Balochistan.
Published 11 Apr, 2004 12:00am
Japanese hostages to be released in 24 hours

Japanese hostages to be released in 24 hours

An Iraqi group which said it kidnapped three Japanese hostages has said it will release them within 24 hours, abandoning a threat to kill them, Arabic television station Al Jazeera said on Saturday.
Published 11 Apr, 2004 12:00am
Japanese hostages to be released in 24 hours

Japanese hostages to be released in 24 hours

An Iraqi group which said it kidnapped three Japanese hostages has said it will release them within 24 hours, abandoning a threat to kill them, Arabic television station Al Jazeera said on Saturday.
Published 11 Apr, 2004 12:00am
Japanese tourist killed in landslide

Japanese tourist killed in landslide

A Japanese tourist was killed and three fellow countrymen injured early on Saturday when a boulder hit their vehicle on a mountainous road in northern Pakistan, officials said.
Published 11 Apr, 2004 12:00am
Japanese tourist killed in landslide

Japanese tourist killed in landslide

A Japanese tourist was killed and three fellow countrymen injured early on Saturday when a boulder hit their vehicle on a mountainous road in northern Pakistan, officials said.
Published 11 Apr, 2004 12:00am
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