News Archives for Print - 2004-06-22

Print - 2004-06-22

Bangladeshi taka eases verses dollar on import payments

The Bangladesh taka ended weaker on Monday on dollar purchases for import payments of edible oil and scrap vessels, dealers said.

Published 22 Jun, 2004 12:00am

Chinese yuan ends unchanged

The yuan ended unchanged versus the US dollar at 8.2765 on Monday, remaining near the stronger end of its managed trading range.

Published 22 Jun, 2004 12:00am

South Africa to consider limits on foreign land ownership

South Africa plans to begin wide-ranging discussions later this year on whether to limit foreign land ownership as part of an effort to curb rising property prices, officials said on Monday.

Published 22 Jun, 2004 12:00am

Rebel gun-battles in Ivory Coast leave dozen dead

Gun-battles between rival rebel factions in northern Ivory Coast left a dozen dead, officials said Monday, stepping up a power struggle that has compounded 20 months of tensions in the divided west African state.

Published 22 Jun, 2004 12:00am

Maoists abduct over 1,000 youths

Maoists rebels have abducted more than 1,000 youths from 60 villages in western Nepal and are forcing them to undergo training in guerrilla activities, an official said Monday.

Published 22 Jun, 2004 12:00am

Japan nuclear plant finds radiation contamination

Some radiation contamination was detected on Monday at a nuclear fuel reprocessing facility at Tokaimura, the site of Japan's worst nuclear accident, but there was no leak to the outside environment, officials said.

Published 22 Jun, 2004 12:00am

Militants threaten to kill hostage

Muslim militants in Iraq threatened to behead a South Korean hostage by Monday night unless his country scrapped plans to send 3,000 more troops - a demand rejected by Seoul.

Published 22 Jun, 2004 12:00am

South Korea vows to send Iraq troops

South Korea will not be deterred from its plan to send 3,000 troops to help rebuild Iraq despite a threat from Muslim militants to behead a South Korean hostage shown pleading for his life, the government said on Monday.

Published 22 Jun, 2004 12:00am

Afghan polls need more Nato troops by end-July: UN

More Nato troops will be needed in Afghanistan by the end of July along with a surge in disarmament of factional militias if security is to be sufficient for elections in September, the United Nations said on Monday.

Published 22 Jun, 2004 12:00am

Hungary's oldest lawyer wins 55-year-old appeal

Hungary's oldest working solicitor won an appeal on Monday against a verdict handed down in 1949 at a showcase Communist trial when his client, a Catholic priest, was jailed over his handling of church funds.

Published 22 Jun, 2004 12:00am

Palestinian security chief vows to keep order in Gaza

Palestinian security forces have drafted a plan to assume control of Israeli settlements and military installations in the Gaza Strip after an Israeli pullout, a senior Palestinian security commander said.

Published 22 Jun, 2004 12:00am

UN conducts first seminar devoted to anti-Semitism

Secretary General Kofi Annan opens the first United Nations conference on Monday dedicated entirely to anti-Semitism, a scourge Jewish leaders say has deliberately been neglected by the world body.

Published 22 Jun, 2004 12:00am

Confession to wife was worst day in office: Clinton

Bill Clinton's worst day in office came when he admitted to his wife the affair with a White House intern that would threaten his marriage and his presidency, the former president said in a television interview promoting his memoirs on Sunday.

Published 22 Jun, 2004 12:00am

Sars may spread through tears: doctors

Severe Acute Respiratory Syndrome (SARS) virus has been found in tears, a discovery that poses a major challenge for health workers, according to a Singaporean study published on Monday.

Published 22 Jun, 2004 12:00am

Pope chides Spain's Zapatero on moral issues

Pope John Paul on Monday told Spain's new Socialist prime minister, whose government plans to legalise gay marriage, that Spain had to conserve ethical and moral values rooted in its Christian culture.

Published 22 Jun, 2004 12:00am

Iranian F-14 fighter crashes: two dead

An Iranian Air Force F-14 fighter plane has crashed during a training flight, killing the two crew on board, the official news agency IRNA reported Monday.

Published 22 Jun, 2004 12:00am

US ambassador to Britain steps down

The US embassy in Britain confirmed Monday the resignation of ambassador William Farish, saying he would leave his post next month after less than three years in the job.

Published 22 Jun, 2004 12:00am

Thousands gather for summer solstice

Thousands of druids, revellers and the simply curious witnessed a cloud-obscured sunrise at Stonehenge on Monday during an annual pilgrimage to the site to celebrate the summer solstice, the longest day of the year.

Published 22 Jun, 2004 12:00am

Arms exporters must enforce their own rules: Oxfam

Arms exporting nations must enforce their own rules and not sell weapons to countries who are paying with money diverted from health or social policies, international aid organisation Oxfam said on Tuesday.

Published 22 Jun, 2004 12:00am

Britain probes alleged mutilation of Iraqis

Military police were Monday investigating claims that British soldiers mutilated the bodies of Iraqi insurgents after a firefight in British-occupied southern Iraq last month.

Published 22 Jun, 2004 12:00am

US and Malaysia mend fences over Malacca Straits

Malaysia and the United States mended fences Monday after an angry dispute over protecting international shipping against terrorist attacks in the vital Malacca Straits.

Published 22 Jun, 2004 12:00am

French Parliamentarians walk out as Trichet speaks English

French deputies walked out of the Council of Europe's Parliamentary Assembly on Monday when their compatriot Jean-Claude Trichet, head of the European Central Bank, began addressing a meeting in English.

Published 22 Jun, 2004 12:00am

Russian Muftis denounce US Middle East plan

The Russian Council of Muftis on Monday strongly criticised the US plan to bring about democratic reform to the Middle East, saying it constituted a crusade against Muslims.

Published 22 Jun, 2004 12:00am

Iran must master nuclear fuel cycle: Khamenei

Iran's supreme leader Ayatollah Ali Khamenei said on Monday that it was essential for the Islamic republic to master the nuclear fuel cycle, but again denied the country was seeking to develop nuclear weapons.

Published 22 Jun, 2004 12:00am

Powerful typhoon kills 5 in Japan and South Korea

Powerful typhoon Dianmu tore through South Korea and western Japan on Monday, lashing a wide area with strong winds and heavy rains, killing at least five people.

Published 22 Jun, 2004 12:00am

Policeman killed, UN worker hurt in Afghan attack

A policeman was killed and an Afghan UN worker wounded when gunmen attacked a UN electoral vehicle in southern Afghanistan on Monday, hours after a UN electoral office was attacked with rockets.

Published 22 Jun, 2004 12:00am

Bomb at Bangladesh rally wounds 50

Nearly 50 people were wounded when a bomb exploded on Monday at an opposition rally in Bangladesh's north-eastern district of Sunamganj, witnesses and private television networks said.

Published 22 Jun, 2004 12:00am

South Korea comes up with 'flexible' North Korea plan

North Korea and the United States disagreed on the opening day on Monday of six-way working talks on how to end Pyongyang's nuclear programmes while South Korea offered aid to the struggling North in return for progress.

Published 22 Jun, 2004 12:00am

US and EU reach final accord in satellites row

The United States and the European Union have reached a final accord on resolving a transatlantic row over rival satellite positioning systems and will seal the deal at the US-EU summit this week in Ireland, officials from both sides said Monday.

Published 22 Jun, 2004 12:00am

Sterling yields to recovering dollar

Sterling gave up ground to the dollar but steered a steady course against the euro on Monday as dealers awaited minutes from the Bank of England's latest policy meeting for clues on the future path of interest rates.

Published 22 Jun, 2004 12:00am

Yen broadly higher against dollar and euro

The yen rose to eight-week highs against the dollar on Monday and seven-week peaks versus the euro on the back of strong Tokyo equities gains and expectations for a firming interest rate picture in Japan.

Published 22 Jun, 2004 12:00am

Oil slips but mounting supply woes keep prices high

US oil prices eased slightly on Monday under pressure from the expiry of the prompt futures contract, but brokers said ongoing supply disruptions were likely to keep the market firmly above $35 a barrel.

Published 22 Jun, 2004 12:00am

Monday's unofficial close: US stocks near unchanged on caution ahead of Fed meeting

US stocks strayed close to unchanged Monday, as Wachovia Corp's $14 billion deal to acquire SouthTrust Corp bolstered sentiment, but caution before next week's Federal Reserve meeting and US transfer of power in Iraq restrained buyers.

Published 22 Jun, 2004 12:00am

Bonds: spreads tighten, focus shifts to new deals

European corporate bonds started the week slightly higher in average value, although activity was limited, with the focus on details of forthcoming deals from borrowers such as TUI and Cadbury Schweppes.

Published 22 Jun, 2004 12:00am

Bonds: spreads tighten, focus shifts to new deals

Published 22 Jun, 2004 12:00am

Closing stock market indices

Here is how major stock markets outside the United States ended on Monday.

Published 22 Jun, 2004 12:00am

FTSE-100 dip halts fourth-day climb

Britain's top shares dipped on Monday to halt a four-day winning run as oil and telecoms stocks eased and bank Lloyds TSB drifted after its margins were knocked by tough industry competition.

Published 22 Jun, 2004 12:00am

LME nickel higher on fund interest

London Metal Exchange (LME) nickel and aluminium closed firmer at Monday's kerb finding favour with the funds, analysts and traders said.

Published 22 Jun, 2004 12:00am

New York cotton at year low

NYCE cotton futures crumbled from speculative and options-related sales to end Monday at more than a one-year low, with further losses likely as investors roll out of July before first notice day on Thursday, brokers said.

Published 22 Jun, 2004 12:00am

Gold weaker in choppy trade

Gold see-sawed either side of unchanged in Europe on Monday afternoon, although many dealers remained upbeat on the likelihood of further gains towards $400 an ounce this week, despite the metal having stalled earlier in the day.

Published 22 Jun, 2004 12:00am

Oil slides $1 as Iraq resumes some exports

Oil prices fell more than a dollar on Monday as Iraq resumed limited crude exports from its southern terminals after a six-day halt caused by sabotage attacks.

Published 22 Jun, 2004 12:00am

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices (1600 GMT).

Published 22 Jun, 2004 12:00am

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices (1600 GMT).

Published 22 Jun, 2004 12:00am

Notice issued to NAB chairman

The Lahore High Court (LHC) has issued notice to Chairman National Accountability Bureau (NAB) in an appeal filed by former Federal Minister, Haji Muhammad Nawaz Khokhar challenging the decision of an Accountability Court AC against him.

Published 22 Jun, 2004 12:00am

KCCI body terms Sindh budget as bold exercise

Rasheeduddin Rashid, chairman, Provincial/Local Taxes Sub-Committee of the Karachi Chamber of Commerce and Industry (KCCI), has described the Sindh Budget 2004-05, as a bold exercise, keeping in view of the prevailing circumstances and financial constrain

Published 22 Jun, 2004 12:00am

IBP forum on June 24

The Institute of Bankers Pakistan is holding a Business Breakfast Forum on June 24, 2004 at 8:00 am in order to get deep insight into current and future trends in the agriculture sector.

Published 22 Jun, 2004 12:00am

Political tensions plague idyllic Zanzibar

Zanzibar's Stone Town is a labyrinth of winding cobbled streets lined with high-walled houses where voices chanting Quranic verses emanate from one home and women dye their skin with henna in the next.

Published 22 Jun, 2004 12:00am

Partly Facetious: enjoying fruits of fight between Musharraf and Maulanas

"So now what? The Maulanas don't like the President and the President doesn't like the Maulanas and they have come out in the open. And the Musharraf Lotas, the ever growing number of Musharraf Lotas need I add, are saying that the President is above repr

Published 22 Jun, 2004 12:00am

A budget critique

Budget is an annual estimate of expenditure and budget makers are as good as their estimates. The sanitised information contained in government publication, particularly the budgetary documents, indicates that the government failed to stick to the origina

Published 22 Jun, 2004 12:00am

A budget critique

Published 22 Jun, 2004 12:00am

Economy and the murders

In the budget speech, finance minister Shaukat Aziz has said that the overall economy of the country is back on track.

Published 22 Jun, 2004 12:00am

Sugar industry misunderstood

We refer to the 'Recorder Report' appearing in June 09, 2004 edition of the Daily Business Recorder, carried on the back page, titled 'Mills not yet paid quality premium to cane growers'.

Published 22 Jun, 2004 12:00am

Finance Bill: some misconceptions

In my pre-budget article, namely three pillars of Investment budget, I suggested that the bill must concentrate on three aspects, land, labour and capital.

Published 22 Jun, 2004 12:00am

Finance Bill: some misconceptions

In my pre-budget article, namely three pillars of Investment budget, I suggested that the bill must concentrate on three aspects, land, labour and capital.

Published 22 Jun, 2004 12:00am

A shift from heroin to opiates

A report in this paper the other day had both good and bad news to offer regarding the scourge of drug addiction. Quoting experts, it revealed that the use of heroin is on the decline.

Published 22 Jun, 2004 12:00am

The NWFP budget

The Finance Minister of the NWFP, Sirajul Haq, presented the annual budget of the province for 2004-05 in the Provincial Assembly on Friday, June 18.

Published 22 Jun, 2004 12:00am

The NWFP budget

The Finance Minister of the NWFP, Sirajul Haq, presented the annual budget of the province for 2004-05 in the Provincial Assembly on Friday, June 18.

Published 22 Jun, 2004 12:00am

Leghari meets Arbab

Former president, Sardar Farooq Ahmed Khan Leghari on Monday met Sindh Chief Minister Dr Arbab Ghulam Rahim and felicitated him on assumption of office of Sindh Chief Minister-ship.

Published 22 Jun, 2004 12:00am

Hyderi Masjid blast: hospitals paid for treatment of injured

The provincial secretary health, Ashiq Hussain Memon has, on behalf of Sindh government, issued five cheques for Rs 3.748 million as the amount spent on the treatment of injured persons of Hyderi Masjid bomb blast.

Published 22 Jun, 2004 12:00am

BNP and NP leaders surrender

Vice-president National Party Dr Abdul Malik Baloch and member central executive committee Balochistan National Party Abdul Wali Kakar here on Monday presented themselves to police officials for arrest.

Published 22 Jun, 2004 12:00am

NHA to take measures for environmental protection

National Highway Authority (NHA) on Monday started a 2-day workshop on Environmental Training to aware contractors consultants and staff of environmental protection in the country.

Published 22 Jun, 2004 12:00am

Public dental clinics: over 90 percent of treatments given is tooth extractions

More than 90 percent of all treatments given in the public dental clinics is tooth extractions, reveals the findings of a World Health Organisation (WHO) sponsored "Situation Analysis on the Oral Health Sector of Pakistan.

Published 22 Jun, 2004 12:00am

Strategy in place to tackle law and order problem: Soomro

Senate Chairman Mohammedmian Soomro has said the government was aware of the concerns of overseas Pakistanis on the law and order situation and told them, a well-thought out strategy was in place to address the problem.

Published 22 Jun, 2004 12:00am

SHC admits Arif Ellahi's plea for hearing

Justice Ata-ur-Rahman of High Court of Sindh (SHC) on Monday admitted an appeal for regular hearing against former Deputy Commissioner Arif Ellahi and his younger brother Sohail Ellahi.

Published 22 Jun, 2004 12:00am

SHC directs police to trace Pesh Imam

The city police chief on Monday was directed, to find the whereabouts of the 'Pesh Imam' of a mosque, by a division bench of High Court of Sindh (SHC) comprising Chief Justice Saiyed Saeed Ashhad and Justice Zia Pervez.

Published 22 Jun, 2004 12:00am

Nine killed in Indian occupied Kashmir

Three Indian occupation soldiers and five suspected freedom fighters were killed in occupied Kashmir on Monday, police said.

Published 22 Jun, 2004 12:00am

Aga Khan calls for civil society partnership in world

"True regime change occurs when liberty is guaranteed by a people free to create or support institutions of their own choosing. True regime change occurs when that strength and that freedom are defined by the depth, breadth and quality of education shared

Published 22 Jun, 2004 12:00am

Nine killed, 16 injured as rival groups clash

At least nine persons were killed and sixteen other injured in a clash between two rival groups of Shar tribe over some old dispute of land, in village Rakhial-Ji-Wandh of Garhi Yasin Taluka, District Shikarpur on Monday.

Published 22 Jun, 2004 12:00am

WTO help sought to boost trade in food and farm commodities

Pakistan had signed three agreements with World Trade Organisation (WTO) for enhancing co-operation in trade of food, agriculture and livestock commodities.

Published 22 Jun, 2004 12:00am

Banks start receiving Haj applications

The designated branches of banks on Monday started receiving applications, from intending pilgrims under the government scheme across the company.

Published 22 Jun, 2004 12:00am

Rs 15,000 prize bond draw on July 2

The draw of Rs 15,000 prize bond will be held in Peshawar on July 2.

Published 22 Jun, 2004 12:00am

MMA heads to meet on June 23

Muttahida Majlis-i-Amal (MMA) Acting President Qazi Hussein Ahmed has called an emergency meeting of the supreme council of the body on Wednesday, June 23 in Islamabad.

Published 22 Jun, 2004 12:00am

Substantial funds may lapse

There is a big rush by federal and provincial government departments to use the allocated funds for various projects on the ground for the current financial year before it closes, reports UPP correspondent.

Published 22 Jun, 2004 12:00am

War game Sabit Qadam commences

Army war game exercise Sabit Qadam III commenced on Monday with the presentations of opposing plans to the President and the Chief of Army Staff General Pervez Musharraf at the General Headquarters Rawalpindi.

Published 22 Jun, 2004 12:00am

The Weather

The weather report on Monday (June 21) and the forecast for Tuesday (June 22, 2004).

Published 22 Jun, 2004 12:00am

Sui airport opens for chartered flights

Pakistan Petroleum Limited authorities have opened Sui airport for chartered flights following which the first chartered flight from Karachi landed at the airport on Monday, local administration in Sui said.

Published 22 Jun, 2004 12:00am

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 22 Jun, 2004 12:00am

Need stressed for involving Kashmiris in peace process

No viable and longstanding solution of Kashmir dispute is possible unless the people of Kashmiri are involved in the ongoing official-level dialogue between the governments of Pakistan and India.

Published 22 Jun, 2004 12:00am

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 22 Jun, 2004 12:00am

Clarification

The press spokesman for Sindh Chief Minister Dr Arbab Ghulam Rahim on Monday contradicted a news item in a section of the press in which it was alleged that Pir Pagara showed his indignation to the chief minister for harassing the staff of a private hospi

Published 22 Jun, 2004 12:00am

Key stock market movements at 1700 GMT on June 21

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 22 Jun, 2004 12:00am

Mango export in full swing

The export of mango is in full swing as several airlines including PIA have added more cargo flights to their last year's schedule from Pakistan this year, exporters said here Monday.

Published 22 Jun, 2004 12:00am

LME official prices

LME official prices on Friday.

Published 22 Jun, 2004 12:00am

NWFP budget disappoints Sarhad Chamber

Sarhad Chamber of Commerce and Industry (SCCI) President Adeel Rauf has expressed disappointment over the ignoring of trade and industry sector in the NWFP Budget for 2004-05.

Published 22 Jun, 2004 12:00am

LME official prices

LME official prices on Friday.

Published 22 Jun, 2004 12:00am

Japanese embassy to build new office in Karachi

The Consulate General of Japan in Karachi is constructing its new office building adjacent to the Frere Hall.

Published 22 Jun, 2004 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (June 21, 2004)

Published 22 Jun, 2004 12:00am

Rain claims three lives in Okara

Three persons were killed while over 50 received injuries when heavy rain, accompanied by windstorm, lashed the city and its adjoining areas during Saturday night.

Published 22 Jun, 2004 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (June 21, 2004).

Published 22 Jun, 2004 12:00am

APCPA critical of new tax schedule

All Pakistan Cotton Powerlooms Association (APCPA) has expressed grave concern over the new proposed schedule of trade tax (previously motor tax) by District Government and its leaders have stated that an already solved issue had been made disputed once a

Published 22 Jun, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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