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Gold price further drops by Rs850 per tola in Pakistan

Precious metal lost Rs729 to fall to Rs106,953 per 10 grams in the domestic market

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Gold price further drops by Rs850 per tola in Pakistan
GNN Media: Representational Photo

Karachi: The gold price on Friday further dropped during the consecutive third day by Rs850 per tola. 

According to the All Sindh Sarrafa and Jewellers Association, gold price recorded a drop of Rs850 per tola, taking the precious metal to Rs124,750 in Pakistan.

The precious metal lost Rs729 to fall to Rs106,953 per 10 grams in the domestic market. 24k-gold is now selling at $1,818 per ounce.

Meanwhile, in the international market, it dropped by $1 to reach $1,821 per ounce. 

On Thursday, the gold price recorded a drop of Rs100 per tola, taking the price to Rs125,600 in Pakistan. 24k-gold is now selling at $1,822 per ounce. Ten grams of gold dropped by Rs85 to trade at Rs107,682 on January 13.

It gained by $4 per ounce in the international market. Gold has recorded an increase of $24 in the last four days.

The precious commodity hit a record high of $2,074 an ounce in August 2020 and a five-month high of $1,874 on November 16. It reached a peak of Rs132,000 per tola in Pakistan on October 26.

Silver rate

Meanwhile, the rate of silver stayed unchanged in the local market. It is being sold at Rs1,450 per tola and Rs1,243.14 per 10 grams.

 

Faisal Waqas

Faisal Waqas is a passionate journalist who has eight years of diversified experience in print, electronic and digital media. He has previously worked with other renowned private TV channels as well as English Newspaper and now associated with GNN as Senior Content Writer. Faisal has graduated from the University of Punjab and earned his M.Phil degree in Mass Communication from Superior University of Lahore.

Sports

Novak arrives in UAE after being deported from Australia

Djokovic spent Saturday night in an immigration detention hotel in Melbourne, but was allowed to leave on Sunday to meet with his legal team.

Published by Mehak Javed

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Novak arrives in UAE after being deported from Australia

Dubai: Novak Djokovic arrived in Dubai early Monday after his deportation from Australia over its required COVID-19 vaccination ended the No. 1-ranked men’s tennis player’s hopes of defending his Australian Open title. 

The Emirates plane carrying Djokovic touched down after a 13 1/2-hour flight from Melbourne, where he had argued in court he should be allowed to stay in the country and compete in the tournament under a medical exemption due to a coronavirus infection last month.

At Dubai International Airport, arriving passengers wearing mandatory face masks collected their bags and walked out of the cavernous terminal. 

It wasn’t immediately clear where Djokovic planned to travel next as the Dubai Duty Free tennis tournament, which Djokovic won in 2020, doesn’t start until Feb. 14.

Dubai, the commercial capital of the United Arab Emirates (UAE), doesn’t require travelers to be vaccinated, though they must show a negative PCR test to board a flight. 

Djokovic’s visa was initially canceled on January 6 by a border official who decided he didn’t qualify for a medical exemption from Australia’s rules for unvaccinated visitors. He was exempted from the tournament’s vaccine rules because he had been infected with the virus within the previous six months.

He won an appeal to stay for the tournament, but Australia’s immigration minister later revoked his visa. Three Federal Court judges decided unanimously Sunday to affirm the immigration minister’s right to cancel Djokovic’s visa.

Following the deportation orders, the tennis star will not compete in the Australian Open which is due to start on Monday.

Vaccination amid the pandemic was a requirement for anyone at the Australian Open, whether players, their coaches or anyone at the tournament site. More than 95 percent of all Top 100 men and women in their tours’ respective rankings are vaccinated. At least two men — American Tennys Sandgren and Frenchman Pierre-Hugues Herbert — skipped the first major tournament of the year due to the vaccine requirement.

Djokovic’s attempt to get the medical exemption for not being vaccinated sparked anger in Australia, where strict lockdowns in cities and curbs on international travel have been employed to try to control the spread of the coronavirus since the pandemic began.

In the meantime, people in Serbia say the decision is unfair to tennis star Novak Djokovic.

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Pakistan

Extreme winter to frost people as light rain, snow expected in parts of country

A weather system of light to moderate intensity is expected to approach western and upper parts of the country

Published by Siddra Sumreen

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Extreme winter to frost people as light rain, snow expected in parts of country

Islamabad: Pakistan Meteorological Department (PMD) has forecast rain and snowfall for the hilly areas from Tuesday till Thursday and advised all the authorities concerned to remain vigilant.

A weather system of light to moderate intensity is expected to approach western and upper parts of the country from Tuesday and may persist in upper parts till Thursday. 

Rain with snowfall is expected in Quetta, Ziarat, Pishin, Zhob, Qila Abdullah, Kohlu and Barkhan on Tuesday and Wednesday.

Rain with snowfall over the hills (light to moderate falls) is expected in Kashmir, Gilgit-Baltistan, Islamabad, Chitral, Dir, Kalam, Swat, Malakand, Kohistan, Shangla, Buner, Mansehra, Abbottabad, Haripur, Swabi, Mardan, Nowshera, Peshawar, Charsadda, Bajaur, Kurram,

Waziristan, Kohat, Bannu, Dera Ismail Khan, Rawalpindi, Attock, Chakwal, Jhelum, Mandi Bahauddin, Sargodha, Khushab, Mianwali, Hafizabad, Gujranwala, Gujrat, Sialkot, Narowal, Lahore and Kasur from Tuesday to Thursday (morning). Light to moderate snowfall is expected in Murree, Galliyat, Nathiagali, Kaghan, Naran, Chitral, Dir, Swat, Kohistan, Astore, Hunza, Gilgit, Neelum Valley, Bagh and Haveli districts from Tuesday night to Thursday.

About the possible impacts of the rain, the PMD indicated that rain will be beneficial for the wheat crops in Barani areas. Landslides in the vulnerable areas of Dir, Malakand, Hazara, Swat, Kohistan, Gilgit-Baltistan and Kashmir are also possible on Tuesday or Wednesday. The prevailing dense foggy conditions are likely to subside.

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World

Taliban pledge to open all schools for girls after March 21

Taliban say they hope to be able to open all schools for girls across the country after late March.

Published by Siddra Sumreen

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Taliban pledge to open all schools for girls after March 21

Kabul: Afghanistan s new Taliban rulers say they hope to be able to open all schools for girls across the country after late March, their spokesman told The Associated Press, offering the first timeline for addressing a key demand of the international community.

Since the Taliban takeover in mid-August, girls in most of Afghanistan have not been allowed back to school beyond grade 7. The international community, reluctant to formally recognize a Taliban-run administration, is wary they could impose similar harsh measures as during their previous rule 20 years ago. At the time, women were banned from education, work and public life.

Zabihullah Mujahid, who is also the Taliban s deputy minister of culture and information, said their education departments are looking to open classrooms for all girls and women following the Afghan New Year, which starts on March 21. Afghanistan, like neighbouring Iran, observes the Islamic solar Hijri Shamsi calendar.

Education for girls and women “is a question of capacity,” Mujahid said in the interview.

Girls and boys must be completely segregated in schools, he said, adding that the biggest obstacle so far has been finding or building enough dorms, or hostels, where girls could stay while going to school. In heavily populated areas, it is not enough to have separate classrooms for boys and girls — separate school buildings are needed, he said.

“We are not against education,” Mujahid stressed, speaking at a Kabul office building with marble floors that once housed Afghan attorney general s offices and which the Taliban have adopted for their culture and information ministry.

The Taliban dictates so far have been erratic, varying from province to province. Girls have not been allowed back to classrooms in state-run schools beyond grade 7, except in about 10 of the country s 34 provinces. In the capital, Kabul, private universities and high schools have continued to operate uninterrupted. Most are small and the classes have always been segregated.

“We are trying to solve these problems by the coming year,” so that schools and universities can open, Mujahid said.

The international community has been skeptical of Taliban announcements, saying it will judge them by their actions — even as it scrambles to provide billions of dollars to avert a humanitarian catastrophe that the UN chief this week warned could endanger the lives of millions.

With a breakdown of services and only sporadic electricity in the bitterly cold Afghan winters, most people rely on firewood and coal for heat. Among the hardest hit are some 3 million Afghans who live as refugees within their own country, having fled their homes because of war, drought, poverty or fear of the Taliban.

Earlier this month, the United Nations launched a $5 billion appeal for Afghanistan, the single largest appeal for one country.

Washington has spent $145 billion on reconstruction and development projects in Afghanistan since the 2001 US-led invasion that ousted the Taliban regime. Yet even before the Taliban recaptured the country, the poverty rate was 54 per cent —and a 2018 Gallup poll revealed unprecedented misery among Afghans.

Mujahid appealed for economic cooperation, trade and “stronger diplomatic relations.” So far, neither Afghanistan s neighbours nor the United Nations seem ready to grant formal recognition which would help open up the Afghan economy. However, UN Secretary General Antonio Guterres has called for greater economic development, saying it s critical to rapidly inject liquidity into the Afghan economy “and avoid a meltdown that would lead to poverty, hunger and destitution for millions.”

The international community has called for a more representative government that includes women as well as ethnic and religious minorities. While all members of the new Taliban Cabinet are men and most are Taliban members, Mujahid said there are exceptions, such as the deputy finance minister and officials in the economics ministry who are holdovers from the previous, US-backed administration.

Mujahid also said 80 per cent of civil servants who have returned to work were employees under the previous administration. Women are working in the health and education sector and at Kabul International Airport in customs and passport control, he added. He did not say if or when women would be allowed to return to work in government ministries.

He also told the AP that most of the new government s revenue will come from customs that the Taliban will collect at border crossings with Iran, Pakistan and the Central Asian nations to the north. Without offering figures, he claimed the Taliban have brought in more revenue in their first four months in power than the previous government in over a year.

He appealed to Afghans who have fled to return to their homeland. Since the takeover, there have been cases of opponents arrested, journalists beaten, rights workers threatened and demonstrations by women dispersed by heavily armed Taliban troops firing in the air.

Mujahid acknowledged incidents of Taliban members harassing Afghan civilians, including humiliating young men and forcibly cutting their hair.

“Such crimes happen, but it is not the policy of our government," he said, adding that those responsible were arrested.

“This is our message. We have no dispute with anyone and we don t want anyone to remain in opposition or away from their country.”

SOURCE: AP

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