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Nov 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-09-05
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (September 04, 2004).
Published 05 Sep, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (September 04, 2004).
Published 05 Sep, 2004 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (September 04, 2004).
Published 05 Sep, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (September 04, 2004).
Published 05 Sep, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (September 04, 2004).
Published 05 Sep, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (September 04, 2004).
Published 05 Sep, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 05 Sep, 2004 12:00am
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 05 Sep, 2004 12:00am
Japanese princess breaks seclusion

Japanese princess breaks seclusion

Japanese Crown Princess Masako emerged briefly on Saturday from months of seclusion to visit the emperor, but officials said it might be difficult for her to resume her official duties this year.
Published 05 Sep, 2004 12:00am
Many Lebanese rue extension of president's term

Many Lebanese rue extension of president's term

Lebanese editorials on Saturday rued parliament's decision to amend the constitution to extend Syrian-backed President Emile Lahoud's term despite strong objections from Washington and the United Nations.
Published 05 Sep, 2004 12:00am
Palestinians launch campaign to register voters

Palestinians launch campaign to register voters

Palestinians began registering voters for an as yet unscheduled general election on Saturday, in the first concrete step to meet long-standing international and domestic demands for reforms.
Published 05 Sep, 2004 12:00am
Slow-moving hurricane bears down on Florida

Slow-moving hurricane bears down on Florida

Strong winds and whipping rains began to lash eastern Florida on Saturday as Hurricane Frances, an enormous storm, crept across the northern Bahamas toward the United States.
Published 05 Sep, 2004 12:00am
Syria to deepen ties with Lebanon

Syria to deepen ties with Lebanon

Syria said on Saturday it would deepen ties with neighbouring Lebanon, despite a UN Security Council resolution warning against outside interference there.
Published 05 Sep, 2004 12:00am
Iranian women rally

Iranian women rally

Around 150 Iranian women demonstrated in front of the French embassy in Tehran Saturday protesting the ban on the Islamic headscarf in French state schools.
Published 05 Sep, 2004 12:00am
Afghanistan will face more Taleban attacks: Nato

Afghanistan will face more Taleban attacks: Nato

Attacks and threats by the Taleban are likely to worsen in the run-up to Afghanistan's landmark October elections as security in the war-torn country deteriorates, Western military officials said Saturday.
Published 05 Sep, 2004 12:00am
Myanmar seals border with Bangladesh

Myanmar seals border with Bangladesh

Myanmar has sealed its border with Bangladesh, suspending authorised movement of people and cargo between the two countries, officials said on Saturday.
Published 05 Sep, 2004 12:00am
Iraqi government extends ban on Al-Jazeera

Iraqi government extends ban on Al-Jazeera

The Iraqi government announced Saturday it was extending a ban on the Arabic-language satellite television network Al-Jazeera over incitement to violence.
Published 05 Sep, 2004 12:00am
EU must ally with Muslims to fight terror: Italy

EU must ally with Muslims to fight terror: Italy

The European Union needs to work more closely with the moderate Muslim world and develop a strategy that goes beyond security if it is to fight terrorism effectively, Italy and Spain said on Saturday.
Published 05 Sep, 2004 12:00am
US will keep supporting Bolivia's economic efforts

US will keep supporting Bolivia's economic efforts

The United States will keep backing Bolivia's efforts to reduce poverty and stabilise the economy after last year's popular revolt, a top US Treasury official said on Friday.
Published 05 Sep, 2004 12:00am
New budget rules do not single out Italy: EU

New budget rules do not single out Italy: EU

New budget rules for the euro zone putting more focus on debt are not intended to penalise Italy, the most indebted big European country, the EU Commission's monetary chief said on Saturday.
Published 05 Sep, 2004 12:00am
Bosnia probes firm on suspected links with al Qaeda

Bosnia probes firm on suspected links with al Qaeda

The Bosnian authorities are probing the financial activities of a Sarajevo-based company founded by a Saudi businessman suspected of having links to the al Qaeda network, a local newspaper reported Saturday.
Published 05 Sep, 2004 12:00am
Riyadh plan to use oil receipts for uplift welcomed

Riyadh plan to use oil receipts for uplift welcomed

Saudi economists welcomed Saturday a government decision to earmark nearly 11 billion dollars in windfall oil revenues for development projects while calling for the establishment of a reserve fund to safeguard against future fluctuations in world prices.
Published 05 Sep, 2004 12:00am
Boeing urges Europe to end Airbus aid

Boeing urges Europe to end Airbus aid

Boeing does not want to start a trade war over subsidies, but Europe must stop giving state aid to rival Airbus, which is destroying competition in the aerospace industry, a senior Boeing official said on Friday.
Published 05 Sep, 2004 12:00am
FCC to fine CBS $550,000 over Janet incident

FCC to fine CBS $550,000 over Janet incident

The Federal Communications Commission is set to impose a record $550,000 indecency fine against CBS-owned stations for their broadcast of singer Janet Jackson's breast-bearing incident during January's Super Bowl, the Washington Post reported on Saturday.
Published 05 Sep, 2004 12:00am
Asian power houses vow to boost trade

Asian power houses vow to boost trade

Southeast Asian economic ministers and counterparts from northern Asia powerhouses Japan, China, and South Korea agreed on Saturday on steps toward free trade agreements to boost business and meet global competition.
Published 05 Sep, 2004 12:00am
High oil price could be 'nightmare': Kuwait

High oil price could be 'nightmare': Kuwait

High oil prices may be damaging to consumers and producers alike unless they stabilise at realistic levels, Kuwait's oil minister said in remarks published on Saturday.
Published 05 Sep, 2004 12:00am
Bush salutes workers

Bush salutes workers

President George W. Bush saluted US Labour Day in his weekly radio address Saturday, touting domestic economic proposals two months before election day.
Published 05 Sep, 2004 12:00am
Iraq pipelines hit, export flows hold: officials

Iraq pipelines hit, export flows hold: officials

Saboteurs kept up relentless attacks on Iraq's oil production system on Saturday, hitting pipelines in the north and south that disrupted internal supply, oil officials said.
Published 05 Sep, 2004 12:00am
Schroeder hints he will shun new reforms

Schroeder hints he will shun new reforms

German Chancellor Gerhard Schroeder signalled on Saturday he will shun big new economic reforms before the autumn 2006 election, saying his government will focus on implementing its existing, unpopular welfare revamp.
Published 05 Sep, 2004 12:00am
Syngenta to delay GMO distribution in South Africa

Syngenta to delay GMO distribution in South Africa

Swiss biotech firm Syngenta will delay distributing genetically modified maize in South Africa this year pending a government hearing of a complaint by an environmental group, the company said on Monday.
Published 05 Sep, 2004 12:00am
Australian wheat crop still seen at record 26 million tonnes

Australian wheat crop still seen at record 26 million tonnes

Private group Australian Wheat Forecasters (AWF) has held its forecast for the nation's wheat crop at a record 26 million tonnes, despite dry weather in the growing season that has held back other industry estimates.
Published 05 Sep, 2004 12:00am
CBOT rice falls

CBOT rice falls

Rough rice futures at the Chicago Board of Trade closed lower on Friday before the three-day weekend, pressured by speculative sales after sell-stops were hit, traders said.
Published 05 Sep, 2004 12:00am
Australian wool market ends softer

Australian wool market ends softer

The Australian wool market lost last week's gains as prices slipped by 0.4 percent on average values at sales this week , analysts said on Friday.
Published 05 Sep, 2004 12:00am
Soya dives on weather

Soya dives on weather

Chicago Board of Trade soyabeans dived on Friday as forecasts for warm weather through next week and outlooks for a big US soyabean crop sparked funds to sell before the three-day weekend, traders said.
Published 05 Sep, 2004 12:00am
Jobs report weakens Comex gold in short session

Jobs report weakens Comex gold in short session

Gold futures fell on pre-holiday profit taking on Friday as investors bought the dollar in relief about news that the US economy created almost as many jobs as predicted in August.
Published 05 Sep, 2004 12:00am
Comex copper down

Comex copper down

Comex copper futures trimmed losses from nine-day lows on Friday but still closed lower on speculative selling, as the dollar gained after the monthly US payrolls report came in near forecasts.
Published 05 Sep, 2004 12:00am
Oil prices on roller-coaster ride

Oil prices on roller-coaster ride

World oil prices saw wild swings last week as traders sweated over supply threats in Iraq and Russia and a hurricane bearing down on Florida. Worries over Hurricane Frances had a significant impact also on price movements for coffee, cotton, soya and grai
Published 05 Sep, 2004 12:00am
Egypt buys US and French wheat

Egypt buys US and French wheat

Egypt's main official wheat buyer said on Saturday he had bought 230,000 tonnes of US, French and Argentine wheat for October 1 to 15 shipment.
Published 05 Sep, 2004 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was lower while January contract was unchanged on the forward cottonseed oilcake market on Saturday, dealers said.
Published 05 Sep, 2004 12:00am
Prices sharply lower on cotton market

Prices sharply lower on cotton market

In line with New York cotton futures, prices in cotton market here tended sharply lower on Saturday, dealers said. The official spot rate remained unchanged at Rs 2,350, without upcountry expenses. Lint prices came down to Rs 2350.
Published 05 Sep, 2004 12:00am
Firmer trend seen on grain market

Firmer trend seen on grain market

Firmer trend was witnessed on the local grain markets on Saturday as most of the buyers kept on the sideline due to fresh arrivals from upcountry centres, dealers said.
Published 05 Sep, 2004 12:00am
Suez Canal revenues up

Suez Canal revenues up

The Suez Canal earned $261.0 million in July, compared with $246.3 million in June and $220.8 million in July 2003, according to the government's monthly Egyptian Economic Bulletin. The number of vessels passing through the waterway rose to 1,443 in July
Published 05 Sep, 2004 12:00am
Baosteel signs China Shipping as partner

Baosteel signs China Shipping as partner

Baosteel, China's largest steel producer, has formed a strategic partnership with China Shipping (Group) (CSC) to secure access to raw materials as freight rates rise, an official newspaper said on Saturday.
Published 05 Sep, 2004 12:00am
Evergreen's second quarter earnings up

Evergreen's second quarter earnings up

Evergreen Marine Corp, the world's third-largest shipping line, posted strong quarterly earnings on Tuesday thanks to robust exports and freight rates, which it expects to remain high.
Published 05 Sep, 2004 12:00am
Evergreen's second quarter earnings up

Evergreen's second quarter earnings up

Evergreen Marine Corp, the world's third-largest shipping line, posted strong quarterly earnings on Tuesday thanks to robust exports and freight rates, which it expects to remain high.
Published 05 Sep, 2004 12:00am
Gulf VLCC rates static

Gulf VLCC rates static

Freight for transporting crude oil from the Gulf hovered at the lower levels on Friday amid a build up of spare tonnage, though shipping brokers said the market had probably hit a floor.
Published 05 Sep, 2004 12:00am
Mitsui OSK to boost China shipping 50 percent in 5 years

Mitsui OSK to boost China shipping 50 percent in 5 years

Mitsui O.S.K. Lines Ltd plans to boost its annual Chinese trade by more than 50 percent to 200 billion yen ($1.83 billion) within the next five years, the world's top ship liner said on Wednesday.
Published 05 Sep, 2004 12:00am
Sri Lankan port to have radiation detection equipment

Sri Lankan port to have radiation detection equipment

The United States plans to install equipment at Sri Lanka's main port of Colombo by early next year to detect radioactive material as part of a world-wide drive to combat smuggling of ingredients for dirty bombs, the US embassy in Colombo said on Wednesda
Published 05 Sep, 2004 12:00am
Brazil's Santos port handles record cargo

Brazil's Santos port handles record cargo

Brazil's main port of Santos moved a record amount of goods in the first seven months of 2004 due to increased exports, mostly soya and sugar, the Port Authority said on Tuesday.
Published 05 Sep, 2004 12:00am
Asian freight rates slightly down

Asian freight rates slightly down

Panamax dry-bulk rates dipped slightly this week, but the long-term outlook remained bullish as new-crop shipments were expected to support demand in the coming months, Asian shipping sources said on Tuesday. Brokers attributed the weakening to the availa
Published 05 Sep, 2004 12:00am
PSA to build another 10 new berths

PSA to build another 10 new berths

Singapore state-owned port operator PSA International Pte Ltd plans to add 10 new berths to cope with surging global cargo volumes.
Published 05 Sep, 2004 12:00am
Karachi Port activity

Karachi Port activity

The Karachi Port handled 31,423 tonnes of cargo including 18,900 tonnes import and 12,523 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.
Published 05 Sep, 2004 12:00am
IMM euro speculators cut net long position

IMM euro speculators cut net long position

Speculators in IMM euro futures trimmed a net long position in the week ended August 31, data from the Commodity Futures Trading Commission showed on Friday.
Published 05 Sep, 2004 12:00am
Forex market views, key levels

Forex market views, key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market.
Published 05 Sep, 2004 12:00am
Indian foreign exchange reserves fall

Indian foreign exchange reserves fall

India's foreign exchange reserves fell $1.37 billion to $117.52 billion in the week to August 27 as the central bank intervened to support a shaky rupee on the back of thinning foreign capital inflows and a rising dollar.
Published 05 Sep, 2004 12:00am
Dollar rises after surprise dip in US jobless rate

Dollar rises after surprise dip in US jobless rate

The dollar rose broadly on Friday, spurred by the US August payrolls report, which showed an unexpected dip in the unemployment rate and confirmed market expectations of a dollar-boosting interest rate hike in September
Published 05 Sep, 2004 12:00am
Brazil real firms

Brazil real firms

Brazil's currency strengthened on Friday as state-run oil giant Petrobras repatriated some foreign sales, gaining 0.41 percent to close at 2.928 per US dollar.
Published 05 Sep, 2004 12:00am
Jobs data fail to stir currency market

Jobs data fail to stir currency market

For those hoping the latest US jobs report might finally give a listless currency market some direction, there wasn't much to cheer in the 144,000 increase in August non-farm payrolls.
Published 05 Sep, 2004 12:00am
Canadian dollar ends flat

Canadian dollar ends flat

The Canadian dollar finished flat against the greenback on Friday, but rose against other major currencies, as a strong US jobs report boosted expectations for a Bank of Canada rate hike next week.
Published 05 Sep, 2004 12:00am
China Construction Bank to pave way for listing

China Construction Bank to pave way for listing

China Construction Bank (CCB) will this month announce its transformation from a state-owned firm into a shareholding concern to pave the way for a listing, Hong Kong's South China Morning Post said on Saturday.
Published 05 Sep, 2004 12:00am
China Construction Bank to pave way for listing

China Construction Bank to pave way for listing

China Construction Bank (CCB) will this month announce its transformation from a state-owned firm into a shareholding concern to pave the way for a listing, Hong Kong's South China Morning Post said on Saturday.
Published 05 Sep, 2004 12:00am
Mexican stocks decline on profit-taking

Mexican stocks decline on profit-taking

The profit-taking hit Mexican stocks on Friday after three consecutive gains by the bourse while the peso lost ground on Friday amid high dollar demand ahead of the long US Labour Day holiday weekend.
Published 05 Sep, 2004 12:00am
Chinese regulator takes over four brokerages

Chinese regulator takes over four brokerages

Regulators have seized control of four indebted Chinese brokerages in a bid to clean up the country's beleaguered financial sector, official newspapers said on Saturday.
Published 05 Sep, 2004 12:00am
US corporate bonds finish in tight range

US corporate bonds finish in tight range

US corporate bond spreads narrowed on Friday after the August payrolls report suggested the economy is still growing and the Federal Reserve will keep hiking rates at the steady pace investors prefer.
Published 05 Sep, 2004 12:00am
US corporate bonds finish in tight range

US corporate bonds finish in tight range

US corporate bond spreads narrowed on Friday after the August payrolls report suggested the economy is still growing and the Federal Reserve will keep hiking rates at the steady pace investors prefer.
Published 05 Sep, 2004 12:00am
South African stocks may focus on banks

South African stocks may focus on banks

The South African bourse will focus next week on persistent rumours swirling about possible take-overs in the banking sector, but their shares could dip on profit-taking after a strong run, market players said.
Published 05 Sep, 2004 12:00am
Japan's Sojitz to seek 350 billion yen fresh capital

Japan's Sojitz to seek 350 billion yen fresh capital

Ailing Japanese trading house Sojitz Holdings Corp will ask UFJ Holdings Inc, Swiss Bank UBS AG and others for more than 350 billion yen ($3.20 billion) in new capital, the Nihon Keizai newspaper reported on Friday.
Published 05 Sep, 2004 12:00am
Emerging debt spreads narrow on modest US job data

Emerging debt spreads narrow on modest US job data

Emerging market spreads tightened on Friday after the US jobs market improved, but not enough in the market's eyes to make the US Federal Reserve hike interest rates more aggressively.
Published 05 Sep, 2004 12:00am
Emerging debt spreads narrow on modest US job data

Emerging debt spreads narrow on modest US job data

Emerging market spreads tightened on Friday after the US jobs market improved, but not enough in the market's eyes to make the US Federal Reserve hike interest rates more aggressively.
Published 05 Sep, 2004 12:00am
Argentine stocks rise

Argentine stocks rise

Argentine stock prices closed higher on Friday for the third consecutive day as hopes grew that the government would improve its debt restructuring offer to holders of $100 billion in defaulted debt.
Published 05 Sep, 2004 12:00am
Brazilian stocks hit by rate worries

Brazilian stocks hit by rate worries

Brazil's stocks slipped on Friday on fears of interest rate hikes at home and abroad while the currency strengthened as state-run oil giant Petrobras repatriated some foreign sales.
Published 05 Sep, 2004 12:00am
Toronto stocks plunge in tech-led retreat

Toronto stocks plunge in tech-led retreat

Toronto stocks closed lower on Friday as technology issues retreated in the aftermath of an unsettling mid-quarter update from computer chip maker Intel Corp.
Published 05 Sep, 2004 12:00am
Chile stocks up

Chile stocks up

Chilean stocks climbed on Friday, setting a new high for the year, as the outlook for economic growth remains strong, and also on acquisition rumours about mobile telephone company Entel.
Published 05 Sep, 2004 12:00am
Canadian bonds sag

Canadian bonds sag

The Canadian bond prices sank on Friday as the firm US jobs data cemented expectations of next week's rate hike.
Published 05 Sep, 2004 12:00am
Canadian bonds sag

Canadian bonds sag

The Canadian bond prices sank on Friday as the firm US jobs data cemented expectations of next week's rate hike.
Published 05 Sep, 2004 12:00am
US tech stocks tumble as Intel disappoints

US tech stocks tumble as Intel disappoints

US technology shares tumbled on Friday after Intel Corp, the world's No 1 chip maker, slashed its revenue forecast, but blue chips were only moderately lower as drug and industrial stocks gained.
Published 05 Sep, 2004 12:00am
Denmark mission upgraded to embassy

Denmark mission upgraded to embassy

The Royal Kingdom of Denmark has upgraded its embassy in Islamabad from Charge d'Affaires level to Ambassadorial level from September 1, a foreign office spokesman said on Saturday.
Published 05 Sep, 2004 12:00am
LG system beneficial for masses: NRB chief

LG system beneficial for masses: NRB chief

Local Government system is beneficial for the people of the country and a large number of problems have been resolved at the grassroots level through it.
Published 05 Sep, 2004 12:00am
Dr Atta calls for research on livestock

Dr Atta calls for research on livestock

Production Research in the field of livestock is extremely vital, especially the one focusing on buffaloes as they are prime producers of milk in the country.
Published 05 Sep, 2004 12:00am
SCBA to hold new judicial year function on September 6

SCBA to hold new judicial year function on September 6

The Supreme Court Bar Association (SCBA) will hold a function on September 6 (Monday) in the Supreme Court Building on the commencement of new judicial year scheduled to begin from the day after summer vacation.
Published 05 Sep, 2004 12:00am
Setting up of election commission academy proposed

Setting up of election commission academy proposed

Chief Election Commissioner (CEC) former Chief Justice Irshad Hasan Khan on Saturday called on Prime Minister Shaukat Aziz and briefed him about working of the Commission.
Published 05 Sep, 2004 12:00am
CDGK to establish new educational institutes

CDGK to establish new educational institutes

City Government is making efforts for improvement in quality of education and establishment of new educational institutions and has allocated 31 percent of Rs 31 billion CDGK budget.
Published 05 Sep, 2004 12:00am
Recruitment in police department in two weeks

Recruitment in police department in two weeks

Sindh Home Minister Abdul Rauf Siddiqui has said ban on recruitment in Police Department would be lifted in next two weeks saying jobless people of Sindh would be provided jobs on merit ensuring transparency in the process.
Published 05 Sep, 2004 12:00am
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