Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 16, 2004).

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The KCA Official Spot Rate for Local Dealings in Pak Rupees
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FOR BASE GRADE 3 STAPLE LENGTH 1-1/32"                             MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL
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                                        Ex-Gin Prices          Up-country             Spot Rate Ex-Karachi
Rate                   Ex-Gin             Including            Expenses                          Including
for                    Price            Sale Tax @ 15%                                     Sales Tax @ 15%
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37.32 Kgs             3200.00             3680.00                  50                              3730.00
Equivalent          --------------------------------------------------------------------------------------
40 Kgs                3429.00             3943.35                  50                              3993.35
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