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Mar 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-06-01
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 01 Jun, 2004 12:00am
US grain and stocks markets closed

US grain and stocks markets closed

New York grain and stocks markets are closed on Monday for Memorial Day ceremony and London markets for a public holiday.
Published 01 Jun, 2004 12:00am
Chinese shares end firmer

Chinese shares end firmer

Strong gains in Shenzhen Development Bank propelled China's shares to a slightly higher close on Monday after the lender announced US equity fund Newbridge Capital was set to acquire a major stake.
Published 01 Jun, 2004 12:00am
Nikkei snaps three-day winning streak, oil jitters weigh

Nikkei snaps three-day winning streak, oil jitters weigh

Japan's Nikkei average ended lower on Monday for the first time in four sessions as worries about oil prices and prospects of higher US interest rates prompted investors to cash in gains on recent risers such as banks and telecom stocks.
Published 01 Jun, 2004 12:00am
Japanese government bonds ease to two-week lows

Japanese government bonds ease to two-week lows

Japanese government bond (JGB) prices fell to two-week lows on Monday after strong economic data released during the previous session confirmed Japan's recovery and clouded the outlook for bond prices.
Published 01 Jun, 2004 12:00am
Japanese government bonds ease to two-week lows

Japanese government bonds ease to two-week lows

Japanese government bond (JGB) prices fell to two-week lows on Monday after strong economic data released during the previous session confirmed Japan's recovery and clouded the outlook for bond prices.
Published 01 Jun, 2004 12:00am
Jakarta stocks dip in lacklustre trade

Jakarta stocks dip in lacklustre trade

Jakarta stocks ended slightly lower in lacklustre trade on Monday as some investors stayed sidelined on the eve of the official start of Indonesia's presidential election campaign.
Published 01 Jun, 2004 12:00am
Taiwan stocks sag 2.6 percent on oil price jitters

Taiwan stocks sag 2.6 percent on oil price jitters

Oil price jitters knocked Taiwan stocks off a four-week high on Monday, as news of the attacks in Saudi Arabia were all investors needed to pocket recent profits that had been fuelled by improving corporate fundamentals.
Published 01 Jun, 2004 12:00am
Malaysian shares jump, Scomi in focus

Malaysian shares jump, Scomi in focus

Malaysian shares reversed earlier losses to finish a shade higher on Monday, bucking the fall in Asian markets, with the stock of drilling fluids maker Scomi Group actively traded.
Published 01 Jun, 2004 12:00am
Sri Lankan stocks soar on corporate results

Sri Lankan stocks soar on corporate results

Sri Lankan stocks edged higher on Monday helped by corporate results but the turnover was sharply down, with institutional investors awaiting progress on a peace process and direction on economic policies from a new government.
Published 01 Jun, 2004 12:00am
Thai stocks surge on bargain-hunting

Thai stocks surge on bargain-hunting

Thai stocks closed slightly higher on Monday as bargain hunting helped recoup early losses resulting from worries about higher world oil prices, dealers said.
Published 01 Jun, 2004 12:00am
Seoul shares decline, oil fears hit blue chips

Seoul shares decline, oil fears hit blue chips

South Korean shares ended 1.55 percent lower in thin trade on Monday, as concerns that an attack at a Saudi oil complex at the weekend could lead to higher oil prices, sparking a sell-off in many large cap shares.
Published 01 Jun, 2004 12:00am
Philippines stocks plunge, political worries weigh

Philippines stocks plunge, political worries weigh

Manila shares gave up early gains to close lower on Monday in thin trade as investors waited for Congress to start the official count for president three weeks after the elections.
Published 01 Jun, 2004 12:00am
Australian stocks slightly changed

Australian stocks slightly changed

Australian stocks eked out modest gains on Monday despite a negative lead from US blue chips and concerns about higher oil prices.
Published 01 Jun, 2004 12:00am
New Zealand shares up

New Zealand shares up

New Zealand shares nudged higher on Monday, bucking a negative mood across the Asia-Pacific region, with most of the volume in top 10 stocks Telecom Corp and Fisher & Paykel Healthcare.
Published 01 Jun, 2004 12:00am
Singapore's Lee drops hint on political transition

Singapore's Lee drops hint on political transition

It's one of Singapore's best-kept political secrets: the date when Prime Minister Goh Chok Tong will hand power this year to chosen successor Lee Hsien Loong - the second leadership transition in Singapore's history.
Published 01 Jun, 2004 12:00am
Russia may cut white sugar imports

Russia may cut white sugar imports

Russia may cut white sugar imports to protect domestic producers from excessive imports, a spokesman for the Economic Development and Trade Ministry said on Monday.
Published 01 Jun, 2004 12:00am
South Korea LCD makers drive indium demand

South Korea LCD makers drive indium demand

Booming demand for stylish flat-screen computers and television sets is driving South Korea to step up its supplies of a small but vital ingredient in the state-of-the-art display screens, the minor metal indium.
Published 01 Jun, 2004 12:00am
Egyptian Orascom Telecoms first-quarter net surges

Egyptian Orascom Telecoms first-quarter net surges

Egypt-based mobile phone firm Orascom Telecom (OT) said on Monday first-quarter net income surged to 473.7 million Egyptian pounds ($76.4 million), well ahead of forecasts and helped by a loan revaluation.
Published 01 Jun, 2004 12:00am
Egyptian Orascom Telecoms first-quarter net surges

Egyptian Orascom Telecoms first-quarter net surges

Egypt-based mobile phone firm Orascom Telecom (OT) said on Monday first-quarter net income surged to 473.7 million Egyptian pounds ($76.4 million), well ahead of forecasts and helped by a loan revaluation.
Published 01 Jun, 2004 12:00am
Alstom up sharply after banks back rescue plan

Alstom up sharply after banks back rescue plan

Shares in troubled engineering giant Alstom jumped more than 10 percent on Monday after all seven of its creditor banks backed a capital increase and contract guarantees that it needs to win new business.
Published 01 Jun, 2004 12:00am
Alstom up sharply after banks back rescue plan

Alstom up sharply after banks back rescue plan

Shares in troubled engineering giant Alstom jumped more than 10 percent on Monday after all seven of its creditor banks backed a capital increase and contract guarantees that it needs to win new business.
Published 01 Jun, 2004 12:00am
Australian housing credit rises in April, March revised

Australian housing credit rises in April, March revised

Australian credit growth for housing purposes rose 1.6 percent in April, but the March result was revised down sharply in a welcome result for the central bank board when it meets on Tuesday and one that should stay its hand on interest rates.
Published 01 Jun, 2004 12:00am
Green puts Finishing touches on M&S bid

Green puts Finishing touches on M&S bid

Entrepreneur Philip Green is putting the finishing touches on a bid for Marks & Spencer, sources close to the situation said on Monday, and will approach the UK retailer as early as Wednesday with an offer expected to top nine billion pounds.
Published 01 Jun, 2004 12:00am
China economic woes still cause for concern

China economic woes still cause for concern

Fifteen years after China's army crushed the 1989 pro-democracy Tiananmen demonstrations, the country is grappling with many of the same economic issues that fuelled popular anger against the government.
Published 01 Jun, 2004 12:00am
Indonesia lifts ban on US beef imports

Indonesia lifts ban on US beef imports

Indonesia has lifted a temporary import ban on US beef after confirmation from the Paris-based Office International des Epizooties (OIE) that the country was free from mad cow disease, the Agriculture Ministry said on Monday.
Published 01 Jun, 2004 12:00am
India to buy Iran LNG for $800 million per year

India to buy Iran LNG for $800 million per year

India will buy five million tonnes of liquefied natural gas (LNG) a year from Iran for $800 million per year under a 20-year contract from 2010, a top official from India's Petronet LNG Ltd said on Monday.
Published 01 Jun, 2004 12:00am
Oil production hike only short-term solution: Opec

Oil production hike only short-term solution: Opec

Saudi Arabia, Kuwait and the United Arab Emirates could lift oil production by up to three million barrels per day but this would only bring down soaring oil prices in the short-term, an Opec official said here Monday.
Published 01 Jun, 2004 12:00am
Alliance to invest $50 million in India

Alliance to invest $50 million in India

Alliance Semiconductor Corp said on Monday it planned to invest up to $50 million in its two Indian design centres over the next five years, as it bounces back from losses with new products.
Published 01 Jun, 2004 12:00am
EU-Egypt association deal comes into force

EU-Egypt association deal comes into force

An association agreement linking Egypt and the European Union comes into force on Tuesday, setting off the progressive liberalisation of trade, services and capital along with the future setting up of a free-trade zone.
Published 01 Jun, 2004 12:00am
Japan's Kirin produces cow immune to BSE

Japan's Kirin produces cow immune to BSE

Kirin Brewery Co, Japan's number-two beer maker, has succeeded in producing a cow that is immune to mad cow disease, but experts said it was too early for livestock producers to celebrate.
Published 01 Jun, 2004 12:00am
Iraqi crude oil sales hit $10 billion

Iraqi crude oil sales hit $10 billion

Iraqi crude oil sales since last year's US-led invasion have hit more than $10 billion, the US-led authority governing Iraq said on Monday.
Published 01 Jun, 2004 12:00am
Seiko Epson launches micro projection TVs in Japan

Seiko Epson launches micro projection TVs in Japan

Japan's Seiko Epson Corp said on Monday that it would begin selling microdisplay rear-projection televisions in Japan, marking its entry into the highly competitive domestic market for large, flat-screen TVs.
Published 01 Jun, 2004 12:00am
Scandals engulf Irish banking sector

Scandals engulf Irish banking sector

Ireland's financial industry was in turmoil on Monday following a weekend of scandals at the country's two biggest banks.
Published 01 Jun, 2004 12:00am
Malaysian palm oil up, awaits SGS

Malaysian palm oil up, awaits SGS

Malaysian crude palm oil futures were up on Monday as players bought to cover last week's selling after preliminary export data for May fell within market expectations.
Published 01 Jun, 2004 12:00am
Indian coffee crop seen up at 292,400 tonnes in 2004-05

Indian coffee crop seen up at 292,400 tonnes in 2004-05

India's coffee crop in the year to September 2005 is expected to be 292,400 tonnes, up 8.0 percent over the current year and above earlier forecasts, a source in the state-run Coffee Board said on Monday.
Published 01 Jun, 2004 12:00am
Oil prices may go up in world markets

Oil prices may go up in world markets

Oil prices may be jolted higher on Tuesday when key markets reopen from a long holiday weekend that saw the second attack in less than a month on Saudi Arabia, the world's top crude exporter.
Published 01 Jun, 2004 12:00am
Indonesia rubber falls on rupiah, but supply tight

Indonesia rubber falls on rupiah, but supply tight

Indonesian rubber prices edged lower on Monday on a weak rupiah currency, despite tightening raw material supplies in the main growing region on Sumatra island, traders said.
Published 01 Jun, 2004 12:00am
Australian sugar elects new chairman

Australian sugar elects new chairman

Australia's leading sugar cane grower body CANEGROWERS on Monday elected Queensland grower Alf Cristaudo as its new chairman.
Published 01 Jun, 2004 12:00am
Australian wool market outlook seen unsteady

Australian wool market outlook seen unsteady

Australian wool prices are expected to remain firm to slightly weaker this week, after a slight fall in the market last week, market analysts said on Monday.
Published 01 Jun, 2004 12:00am
Shanghai copper limit-up on domestic supply

Shanghai copper limit-up on domestic supply

Shanghai copper futures contracts ended at their daily three percent upper limit on Monday due to worries over domestic supply, with traders expecting more increases in the near term.
Published 01 Jun, 2004 12:00am
China rejects more Brazilian soya

China rejects more Brazilian soya

China, the world's top soy buyer, has rejected a third soy cargo from Brazil, saying it is contaminated with a harmful chemical known as carboxin, an industry source said on Monday.
Published 01 Jun, 2004 12:00am
Asian oil products outlook

Asian oil products outlook

Expectations of stronger crude, driven by Middle East tension, would keep Singapore oil product prices strong this week, but fuel oil gains would be capped by dull demand and ample supply.
Published 01 Jun, 2004 12:00am
Vietnam sees rice exports at 3.5 million tonnes in 2004

Vietnam sees rice exports at 3.5 million tonnes in 2004

Vietnam, the world's second-largest rice exporter, can meet its 3.5 million tonne export target this year despite adverse weather, Deputy Agriculture Minister Bui Ba Bong said on Monday.
Published 01 Jun, 2004 12:00am
Indonesia extends rice import ban

Indonesia extends rice import ban

Indonesia has extended a rice import ban to the end of July because existing stocks were considered adequate to meet expected national demand, a government official said on Monday.
Published 01 Jun, 2004 12:00am
Alcotexa sells cotton

Alcotexa sells cotton

The Alexandria Cotton Exporters' Association (Alcotexa) said on Monday it sold 44 tonnes of export type cotton in the week ending May 29.
Published 01 Jun, 2004 12:00am
Some changes seen on Jodia Bazar

Some changes seen on Jodia Bazar

Low volume of business was seen on Jodia Bazar, as a few items fluctuated amid modest demand, dealers said on Monday (May 31, 2004).
Published 01 Jun, 2004 12:00am
Steady trend on cotton market

Steady trend on cotton market

Steady trend was seen on the cotton market on Monday as the spot rate was unchanged amid modest trading, relevant sources said.
Published 01 Jun, 2004 12:00am
Indonesian Timah sees second-quarter tin output up

Indonesian Timah sees second-quarter tin output up

Indonesia's PT Timah Tbk expects its tin output to be 10 percent higher in the second quarter compared with the first, but will continue to face problems securing raw materials, a company official said on Friday.
Published 01 Jun, 2004 12:00am
Japanese aluminium: third-quarter deal done, premiums soar

Japanese aluminium: third-quarter deal done, premiums soar

A Japanese aluminium importer said on Friday it clinched a deal with a foreign producer to raise July-September term premiums by some $15 a tonne from the current quarter, while others said they had yet to finish negotiations.
Published 01 Jun, 2004 12:00am
Spanish grains harvest starts in south

Spanish grains harvest starts in south

Southern Spain's wheat and barley harvest has begun and initial results are boosting expectations that this year could produce a bumper crop, farmers said on Monday.
Published 01 Jun, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 74,240 tonnes of cargo including 50,280 tonnes import and 23,960 tonnes export cargo during last 24 hours ending at 0700 hours on Monday.
Published 01 Jun, 2004 12:00am
Russian RUSAL steps up into Asian markets

Russian RUSAL steps up into Asian markets

Russian aluminium giant RUSAL stepped up its presence in one of the world's key metals markets by opening new sales offices in Asia on Friday.
Published 01 Jun, 2004 12:00am
Few ports seen complying with new anti-terror laws

Few ports seen complying with new anti-terror laws

Very few ports around the world have complied with tough new anti-terror laws due to take effect on July 1, an expert working for the International Maritime Organisation (IMO) warned on Monday.
Published 01 Jun, 2004 12:00am
Australian beef wins 90 percent Japan share with US out

Australian beef wins 90 percent Japan share with US out

Australia, the world's biggest beef exporter, has boosted its North Asia-bound beef exports since the start of the year as Washington and Tokyo feud over a US beef import ban, statistics showed on Monday.
Published 01 Jun, 2004 12:00am
Malaysian palm oil exports down in May

Malaysian palm oil exports down in May

Malaysian palm oil exports for May stood at 953,781 tonnes, down from the 1,047,132 tonnes for April, cargo surveyor Societe Generale de Surveillance said in a shipment estimate released on Monday.
Published 01 Jun, 2004 12:00am
Brazil to discuss new rules for China soya exports

Brazil to discuss new rules for China soya exports

Brazilian government and industry officials involved in soybean trade will meet on Monday to discuss new rules on soybean exports to China, the Brazilian agriculture minister said.
Published 01 Jun, 2004 12:00am
Soya suppliers suspend loading for China

Soya suppliers suspend loading for China

Most international suppliers of soyabeans have suspended loading of South American oilseed for China because they are not sure if the buyers will pay for the cargoes, traders and industry sources said on Monday.
Published 01 Jun, 2004 12:00am
Thai sugar premiums steady, new crop seen lower

Thai sugar premiums steady, new crop seen lower

Sugar premiums in Thailand, one of Asia's major exporters, are likely to stay steady over the next few days on expectations of reduced supply, traders said on Monday.
Published 01 Jun, 2004 12:00am
China halts 2.37 million tonnes aluminium capacity expansion

China halts 2.37 million tonnes aluminium capacity expansion

China's measures to curb over-investment in key industrial sectors have stopped or delayed construction of 2.37 million tonnes of planned aluminium capacity since mid 2003, but a further three million tonnes has gone ahead, an industry official said on Fr
Published 01 Jun, 2004 12:00am
Argentine corn sales down

Argentine corn sales down

Argentine export commitments of 2003/04 corn totalled 5.15 million tonnes by May 28, up from 4.67 million tonnes the week before, the Agriculture Department said on Monday.
Published 01 Jun, 2004 12:00am
South Korea buys nickel cathode

South Korea buys nickel cathode

South Korea's state-run Public Procurement Service (PPS) has bought 100 tonnes of nickel cathode from Stratton Metals Ltd of Gibraltar via a tender closed last Friday, a PPS official said on Monday.
Published 01 Jun, 2004 12:00am
Kazakh Ispat sees six million tonnes steel output by 2007

Kazakh Ispat sees six million tonnes steel output by 2007

Kazakhstan's only steel-maker Ispat Karmet said it aimed to boost its output by more than 20 percent in the next three years and is hoping for China to lift anti-dumping duties imposed this year.
Published 01 Jun, 2004 12:00am
Indonesia to issue steel import duties ruling

Indonesia to issue steel import duties ruling

Indonesia said on Friday it expects to slap new import duties on steel products in the second week of June after temporarily scrapping them earlier following sharp increases in domestic steel prices.
Published 01 Jun, 2004 12:00am
Most Dalian soya contracts trade limit-up

Most Dalian soya contracts trade limit-up

Dalian soyabean contracts, which fell steeply late last week, climbed their three percent limit early on Monday after Chinese crushers set a floor price on their key product, soyameal.
Published 01 Jun, 2004 12:00am
Danish grain prices fall

Danish grain prices fall

Prices for Danish grains fell this week as the season came to an end, with both old and new crop prices sliding to seasonal lows, traders said on Friday.
Published 01 Jun, 2004 12:00am
Bomb kills 18 in Karachi Imambargah

Bomb kills 18 in Karachi Imambargah

A powerful bomb blast during maghrib prayers in Imam Ali Reza Imambargah at M. A. Jinnah Road here on Monday killed at least 18 and injured more than 35 namazis, police and hospital sources said.
Published 01 Jun, 2004 12:00am
Bomb kills 18 in Karachi Imambargah

Bomb kills 18 in Karachi Imambargah

A powerful bomb blast during maghrib prayers in Imam Ali Reza Imambargah at M. A. Jinnah Road here on Monday killed at least 18 and injured more than 35 namazis, police and hospital sources said.
Published 01 Jun, 2004 12:00am
Rs 434.7 billion revenue collected in 11 months

Rs 434.7 billion revenue collected in 11 months

The Central Board of Revenue (CBR) has collected Rs 434.7 billion during eleven months of the current fiscal year, against Rs 392 billion of last year, reflecting an increase of Rs 42.7 billion.
Published 01 Jun, 2004 12:00am
Bears stage comeback on Islamabad Stocks Exchange

Bears stage comeback on Islamabad Stocks Exchange

Bears returned on the driving seat at the Islamabad Stock Exchange (ISE) where mixed trend was observed during Monday's trading session amid the decrease in index.
Published 01 Jun, 2004 12:00am
Vital changes likely in sales tax regime on ghee

Vital changes likely in sales tax regime on ghee

The Federal Government may bring about some vital changes in the collection of sales tax to provide level playing field in the entire ghee industry in the country.
Published 01 Jun, 2004 12:00am
Vital changes likely in sales tax regime on ghee

Vital changes likely in sales tax regime on ghee

The Federal Government may bring about some vital changes in the collection of sales tax to provide level playing field in the entire ghee industry in the country.
Published 01 Jun, 2004 12:00am
Vital changes likely in sales tax regime on ghee

Vital changes likely in sales tax regime on ghee

The Federal Government may bring about some vital changes in the collection of sales tax to provide level playing field in the entire ghee industry in the country.
Published 01 Jun, 2004 12:00am
Rs 434.7 billion revenue collected in 11 months

Rs 434.7 billion revenue collected in 11 months

The Central Board of Revenue (CBR) has collected Rs 434.7 billion during eleven months of the current fiscal year, against Rs 392 billion of last year, reflecting an increase of Rs 42.7 billion.
Published 01 Jun, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 31, 2004).
Published 01 Jun, 2004 12:00am
KSE under pressure, shows decline

KSE under pressure, shows decline

Tense and volatile city situation kept the shares market under pressure on Monday but the overall performance was not disappointing as the KSE-100 index ended with a loss of only 4.93 points.
Published 01 Jun, 2004 12:00am
KSE under pressure, shows decline

KSE under pressure, shows decline

Tense and volatile city situation kept the shares market under pressure on Monday but the overall performance was not disappointing as the KSE-100 index ended with a loss of only 4.93 points.
Published 01 Jun, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Monday (May 31, 2004).
Published 01 Jun, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Monday (May 31, 2004).
Published 01 Jun, 2004 12:00am
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