Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (January 23, 2004).

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Countries      Selling    Buying     Buying
                TT&OD    TT Clean  OD/T.CHQ
===========================================
USA             57.50      57.30      57.22
UK             106.02     105.65     105.38
Euro            73.12      72.86      72.73
Canada          44.38      44.22      44.11
Switzerland     46.66      46.50      46.38
Australia       44.67      44.52      44.40
Sweden           8.01       7.99       7.97
Japan          0.5416     0.5397     0.5383
Norway          8.500      8.471      8.448
Singapore       33.97      33.86      33.77
Denmark         9.816      9.782      9.756
Saudi Arabia    15.33      15.28      15.24
Hong Kong        7.41       7.38       7.36
China            6.95       6.92       6.90
Kuwait         195.07     194.40     193.88
Malaysia        15.13      15.08      15.04
New Zealand     38.93      38.80      38.70
Qatar           15.79      15.74      15.70
UAE             15.65      15.60      15.56
KR Won         0.0485     0.0484     0.0482
Thailand        1.472      1.467      1.463
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