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May 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-05-15
19 Iraqis killed in fresh violence

19 Iraqis killed in fresh violence

Iraqi insurgents pressed their campaign to undermine the new government on Saturday, killing at least 14 people in bombings, as fierce fighting between US troops and insurgents near the Syrian border claimed the lives of four marines. A suicide bomber ram
Published 15 May, 2005 12:00am
The Weather

The Weather

The weather report on Saturday (May 14) and the forecast for Sunday (May 15, 2005).
Published 15 May, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (May 14) and for Sunday (May 15, 2005).
Published 15 May, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
THE RUPEE: downtrend continues in open market

THE RUPEE: downtrend continues in open market

Sliding trend continued in the open market on Saturday as the rupee extended its fall versus dollar on pressure buying of the US currency, shedding 15 paisa for buying at Rs 60.40 and 20 paisa for selling at Rs 60.50. The rupee failed to retain its firmne
Published 15 May, 2005 12:00am
THE RUPEE: downtrend continues in open market

THE RUPEE: downtrend continues in open market

Sliding trend continued in the open market on Saturday as the rupee extended its fall versus dollar on pressure buying of the US currency, shedding 15 paisa for buying at Rs 60.40 and 20 paisa for selling at Rs 60.50. The rupee failed to retain its firmne
Published 15 May, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 16, 2005.
Published 15 May, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 16, 2005.
Published 15 May, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 16, 2005.
Published 15 May, 2005 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on April 30th, 2005.

Published 15 May, 2005 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on April 30th, 2005.

Published 15 May, 2005 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (May 14, 2005).

Published 15 May, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (May 14, 2005).
Published 15 May, 2005 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 (May 14, 2005).

Published 15 May, 2005 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 (May 14, 2005).

Published 15 May, 2005 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 (May 14, 2005).

Published 15 May, 2005 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 (May 14, 2005).

Published 15 May, 2005 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 15 May, 2005 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 15 May, 2005 12:00am
Japan shippers post record year profit

Japan shippers post record year profit

Japan's top three sea freight firms, led by Nippon Yusen KK, reported record net profits for 2004/05 on a China-led boom in the world-wide shipping sector and forecast a further rise in the current business year. Shipping firms have seen strong demand glo
Published 15 May, 2005 12:00am
Japan shippers post record year profit

Japan shippers post record year profit

Japan's top three sea freight firms, led by Nippon Yusen KK, reported record net profits for 2004/05 on a China-led boom in the world-wide shipping sector and forecast a further rise in the current business year. Shipping firms have seen strong demand glo
Published 15 May, 2005 12:00am
Asian freight rates steady but pressured by slow demand

Asian freight rates steady but pressured by slow demand

Asian shipping rates for dry bulk cargoes were steady from late April as expectations of stronger demand following holidays in the region failed to materialise, brokers said on Tuesday. Rates are likely to continue hovering at three-month lows for the tim
Published 15 May, 2005 12:00am
Santos port March movement down

Santos port March movement down

Brazil's main port of Santos moved 5.8 million tonnes in general cargo for the month of March, down 6 percent from the same month in 2004, the Port Authority Codesp said. March exports totalled 3.9 million tonnes, down nearly 9 percent from March last yea
Published 15 May, 2005 12:00am
Brazilian sugar vessels lineup falls

Brazilian sugar vessels lineup falls

The lineup of vessels to load sugar in Brazilian ports fell to 36 from 40 a week ago, shipping agent Williams said. In a weekly report, Williams said 17 vessels were lined up in the southern port of Santos, the same as last week. In the north eastern port
Published 15 May, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 78,070 tonnes of cargo including 60,143 tonnes import and 17,927 tonnes export cargo including 3,630 containers during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 70,078 tonnes dry cargo including 49,367
Published 15 May, 2005 12:00am
Abbas on mission to seek Chinese, Japanese aid

Abbas on mission to seek Chinese, Japanese aid

Palestinian Authority president Mahmud Abbas embarks Sunday on his first tour of China and Japan in a bid to secure political muscle and economic aid from the two long-time Palestinian allies. Treading in the footsteps of his predecessor, Yasser Arafat, w
Published 15 May, 2005 12:00am
France satisfied as Lamy set to lead WTO

France satisfied as Lamy set to lead WTO

France, which has lobbied hard to get Frenchman Pascal Lamy elected the next head of the WTO, is "very satisfied" that the former EU trade commissioner has been chosen to take the top job at the global trade body, Finance Minister Thierry Breton said Satu
Published 15 May, 2005 12:00am
Saudi Arabia readies water sector for privatisation

Saudi Arabia readies water sector for privatisation

The desert kingdom of Saudi Arabia said on Saturday it took a "milestone" step towards overhauling its wasteful, state-owned water sector and preparing it for complete privatisation within a decade. Water and Electricity Minister Abdullah al-Husayen signe
Published 15 May, 2005 12:00am
Bush wants new 'strategy' to ease dependence on foreign oil

Bush wants new 'strategy' to ease dependence on foreign oil

US President George W. Bush on Saturday stressed the need for a "comprehensive strategy" to reduce the United States' dependence on foreign oil. In his weekly radio address, Bush said that next week, officials will "discuss our need for a comprehensive na
Published 15 May, 2005 12:00am
China threatens trade war over US textile restrictions

China threatens trade war over US textile restrictions

China Saturday slammed a US decision to impose restrictions on Chinese textile exports, saying the move was a serious threat to the multi-lateral trading system and reserved the right to retaliate. "The global textile system has just entered its fourth mo
Published 15 May, 2005 12:00am
Kuwait refining capacity to reach 1.2 million bpd in 2010

Kuwait refining capacity to reach 1.2 million bpd in 2010

Kuwait's refining capacity will rise to 1.2 million barrels per day after completion of a new refinery and upgrade of other plants in projects set to cost billions of dollars, state refiner KNPC said on Saturday. Sami Rushaid, chairman of Kuwait National
Published 15 May, 2005 12:00am
EU agrees voluntary air travel levy to fund aid

EU agrees voluntary air travel levy to fund aid

European Union finance ministers agreed on Saturday on a voluntary levy on airline tickets to fund extra development aid but only a handful of countries said they would definitely implement it. The optional charge on airline tickets falls short of what Fr
Published 15 May, 2005 12:00am
New York coffee lower on speculative selling

New York coffee lower on speculative selling

Arabica coffee futures eased Friday in thin trading, extending the previous day's losses on a still-strong dollar and favourable crop weather in top coffee grower Brazil, market sources said. The New York Board of Trade's benchmark July arabica contract e
Published 15 May, 2005 12:00am
Australian wool prices higher

Australian wool prices higher

The Australian wool market ended the week with prices 0.4 percent higher on average at sales in Sydney, Melbourne and Fremantle, the Australian Wool Exchange (AWEX) said. The AWEX Eastern Market Indicator (EMI) rose by five cents, or 0.7 percent, to end t
Published 15 May, 2005 12:00am
Chinese cotton imports rise

Chinese cotton imports rise

Global cotton production will decline by more than 10 percent in 2005/06, totalling just 107 million bales, although Chinese consumption will increase significantly, the US Agriculture Department said on Friday. The anticipated smaller crop is due to lowe
Published 15 May, 2005 12:00am
Comex gold settles at three-month low, holds atop $420

Comex gold settles at three-month low, holds atop $420

US gold futures posted fresh three-month lows at the close Friday, pressured by light-volume speculative liquidation after Thursday's steep dive, as the dollar extended gains against major rivals, dealers said. June delivery gold on the New York Mercantil
Published 15 May, 2005 12:00am
CBOT rice lower on commercial selling

CBOT rice lower on commercial selling

Chicago Board of Trade rough rice futures closed lower on Friday on commercial selling but a late flurry of fund buying lifted values off session lows, traders said. May rice settled 2 cents lower at $7.60 per hundredweight and most-active July ended down
Published 15 May, 2005 12:00am
Australian rain to revive wheat outlook

Australian rain to revive wheat outlook

Good rain has finally fallen in parts of Australia's eastern grain belt, in the nick of time to revive wheat crop prospects in some areas in the final weeks of the annual planting window. Rain fell late this week in Queensland and northern New South Wales
Published 15 May, 2005 12:00am
Russia cuts grain crop forecast

Russia cuts grain crop forecast

Russia has cut its grain crop forecast for this year by about 12 percent to 66-70 million tonnes from a previous 75-80 million tonnes, Agriculture Minister Alexei Gordeyev was quoted as saying on Saturday. "This is a preliminary forecast, more precise fig
Published 15 May, 2005 12:00am
New York copper ends unchanged

New York copper ends unchanged

US copper futures teetered around unchanged on Friday, with traders saying they thought heavy selling this week had run its course, but the resurgent dollar was limiting any attempts to the upside. July futures hit new 3-month lows on Friday, but activity
Published 15 May, 2005 12:00am
Soya down 2-1/2-month low on tech fund selling

Soya down 2-1/2-month low on tech fund selling

Soybean futures at the Chicago Board of Trade closed lower on Friday falling to 2-1/2 month lows on technical fund selling and a rallying dollar, traders said. CBOT soy closed 16 cents lower to 1-1/2 higher. May expired quietly at noon and was 16 cents lo
Published 15 May, 2005 12:00am
New York sugar bounces from lows to settle quietly firm

New York sugar bounces from lows to settle quietly firm

Raw sugar futures finished higher on Friday as trade and speculative short-covering enabled the sweetener to rebound from its session lows and the market could drift in a band next week, brokers said. The New York Board of Trade's July raw sugar contract
Published 15 May, 2005 12:00am
Oil prices dive below 48 dollars, gold slides on soaring US currency

Oil prices dive below 48 dollars, gold slides on soaring US currency

World oil prices slumped below 48 dollars per barrel this week amid a strengthening dollar, a further increase in US crude stockpiles and signs that Chinese and US demand might tail off. The stronger US currency weighed on all dollar-denominated commoditi
Published 15 May, 2005 12:00am
CBOT wheat futures down on technical fund selling

CBOT wheat futures down on technical fund selling

Wheat futures at the Chicago Board of Trade closed lower and fell to three-month lows on Friday amid technical fund selling and as the dollar rolled to 2005 highs, traders said. Traders said fund selling totalled 6,000 lots. CBOT wheat closed 3-1/2 to 6 c
Published 15 May, 2005 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Saturday, dealers said. The May vaida commenced with 70 paisa gain at Rs 443.20 which proved to be day's lowest. In the process of trading, it picked up 80 paisa to be day's best at Rs 444.
Published 15 May, 2005 12:00am
Low business witnessed on cotton market

Low business witnessed on cotton market

Low business was witnessed on cotton market on Saturday, as all big participants were busy in the TCP auction, brokers said. The official spot rate remained unchanged at Rs 2200, without upcountry expenses. Market prices were in the range of Rs 2000-2200.
Published 15 May, 2005 12:00am
Kirana items move both ways

Kirana items move both ways

The trading on Kirana items moved both ways on Jodia Bazar on Saturday. The following variations were seen in white pepper Singapore down Rs 350 to Rs 7250, Nutmeg down Rs 200 to Rs 8800, Big Cardomom down Rs 200 to Rs 700, Isbaghol Bhoosi up Rs 200 to Rs
Published 15 May, 2005 12:00am
Some changes seen on grain market

Some changes seen on grain market

Most of the commodity items maintained their overnight levels on the local grain market on Saturday due to steady supply position, dealers said. On the cereals side, wheat Mexipak picked up Rs 5 to Rs 1060 in the process of slow trading, they added. On th
Published 15 May, 2005 12:00am
South Africa reiterates rand strength concerns

South Africa reiterates rand strength concerns

South African central bank governor Tito Mboweni reiterated on Saturday concerns about the toll the strong rand was taking on some sectors of the economy. "All of us have to be concerned if we begin to see slackening in the manufacturing sector," Mboweni
Published 15 May, 2005 12:00am
Indian foreign exchange reserves fall

Indian foreign exchange reserves fall

India's foreign exchange reserves fell to 141.48 billion dollars on May 6, from 141.90 billion dollars seen the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday. The central bank said that the foreign cu
Published 15 May, 2005 12:00am
Chinese yuan's role seen rising eventually

Chinese yuan's role seen rising eventually

Investors betting on a rise in China's currency, after any relaxation of its peg against the US dollar, may have to wait years for the yuan to replace the Japanese yen as the dominant currency in Asia, analysts said. "I don't see it happening in the fores
Published 15 May, 2005 12:00am
Snow renews pressure on China for forex peg

Snow renews pressure on China for forex peg

US Treasury Secretary John Snow on Friday renewed pressure on China to let its currency trade freely, saying the United States has made clear it wants Beijing to move to a flexible exchange rate. "Now is the time, and we're anxious to see them move," Snow
Published 15 May, 2005 12:00am
IMM speculators flip to net short euro position: CFTC

IMM speculators flip to net short euro position: CFTC

Speculators in IMM currency futures flipped to a net short euro position for the first time this year during the trading week ending May 10, data released on Friday showed. Speculators went net short euro by 1,544 contracts, compared with net long 4,875 c
Published 15 May, 2005 12:00am
Canadian dollar plunges

Canadian dollar plunges

The Canadian dollar dropped to a seven-month low on Friday, hurt by weaker-than-expected manufacturing data and sagging commodity prices, while strong US data prompted traders to bid up the greenback. Canadian bond prices rose sharply on the manufacturing
Published 15 May, 2005 12:00am
Dollar ends week on fresh highs, lifted by US data

Dollar ends week on fresh highs, lifted by US data

The dollar climbed to fresh multi-month highs against the major currencies on Friday, extending its gains following a string of surprisingly strong US economic data over the past week. Above-consensus April job creation and retail sales, and a narrower-th
Published 15 May, 2005 12:00am
Mexican stocks drop

Mexican stocks drop

Mexican stocks ended down on Friday, dragged lower by telecom and retail stocks as the peso retreated against the peso after the central bank held monetary policy steady. The IPC benchmark stock index lost 0.81 percent to close at 12,347.72 points while t
Published 15 May, 2005 12:00am
US corporate bond spreads widen on auto selling

US corporate bond spreads widen on auto selling

US corporate bond spreads widened on Friday as the auto sector was hit with more selling following Thursday's downgrade of Ford Motor Co's ratings closer to junk territory. Bonds of automakers, which are trading mostly on dollar price quotes, fell by abou
Published 15 May, 2005 12:00am
US corporate bond spreads widen on auto selling

US corporate bond spreads widen on auto selling

US corporate bond spreads widened on Friday as the auto sector was hit with more selling following Thursday's downgrade of Ford Motor Co's ratings closer to junk territory. Bonds of automakers, which are trading mostly on dollar price quotes, fell by abou
Published 15 May, 2005 12:00am
Brazilian markets plunge as Wall Street, politics weigh

Brazilian markets plunge as Wall Street, politics weigh

Brazil's stocks and currency closed lower on Friday against a backdrop of political setbacks for President Luiz Inacio Lula da Silva, expectations of higher domestic interest rates and a surging US dollar. Tracking losses on Wall Street, the Bovespa index
Published 15 May, 2005 12:00am
US Treasuries pushed up by credit market jitters

US Treasuries pushed up by credit market jitters

US Treasury debt prices rallied for a fourth straight session on Friday, sending yields to three-month lows as pervasive credit fears amid talk of troubled hedge funds supported the market. A major source of concern appears to be that unspecified hedge fu
Published 15 May, 2005 12:00am
US Treasuries pushed up by credit market jitters

US Treasuries pushed up by credit market jitters

US Treasury debt prices rallied for a fourth straight session on Friday, sending yields to three-month lows as pervasive credit fears amid talk of troubled hedge funds supported the market. A major source of concern appears to be that unspecified hedge fu
Published 15 May, 2005 12:00am
Polish airline seeks IPO by early 2006

Polish airline seeks IPO by early 2006

Poland's national airline LOT has asked several investment banks to draft potential initial public offering strategies, hoping to list on the Warsaw bourse by early 2006, a source close to the company said on Friday. The Polish government has a 68 percent
Published 15 May, 2005 12:00am
American credit market outlook

American credit market outlook

Bombardier Inc is a credit the market loves to hate but it may make sense to buy it as a long-term investment given the company's tailwinds, an analyst said. The Montreal-based plane and train maker said on Friday that the Canadian, Quebec and British gov
Published 15 May, 2005 12:00am
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