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Gold price goes bit down amid prevailing economic situation

The latest reports say that the price of the yellow metal (24 carats) has decreased by Rs200 per tola to settle at Rs204,300 in the local markets.

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Karachi: Gold prices in Pakistan decreased by Rs200 per tola and Rs172 per 10 grams to settle at Rs24, 30 and Rs175, 154 respectively.

The latest reports suggested that no major change took place in the price of the yellow metal in the local markets as mostly the investors stayed away from their deals amid prevailing economic situation.

The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) also confirmed the development, saying that there was a slight change in the price.

“The price of gold (24 carats) decreased by Rs200 per tola to settle at Rs204,300,” said the traders, pointing out that Rs172 was the decrease per 10 grams to close at Rs175,154,

On Friday, the price of per tola gold went down by Rs4,000 per tola as the relevant markets were mostly bullish last week.

On other hand, the gold price regained some ground in the international market as investment focused it after its price went down last month.

Spot gold rose $5 to $1,870 per ounce, after hitting its lowest level since January 6.

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Pakistan

“Will not leave Imran ,” Moonis tells opponents to think again

The PML-Q leader has reacted after police conducted raid at Kanjah House in Gujrat to arrest his father former Punjab Chief Minister Chaudhary Pervaiz Elahi.

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Gujrat:  Chaudhary Moonis Elahi, the son of PML-Q leader and former Punjab Chief Minister Chaudhary Pervaiz Elahi, reacted to the police raid on their residence in Gujrat.

Moonish addressed the police, Federal Investigation Agency and others for conducting raid at their residence in Kanjah House.

He made it clear that they would not leave Imran Khan despite raids. The PML-Q asked the authorities to rethink what they were going to do while sharing the video of the raid at Kanjah House in Gujrat.

Taking to Twitter, he wrote, “Police , Fia, and others again at Kunjah House . They keep raiding without warrant. By raiding our house you think you will make us leave  @ImranKhanPTI . Think again!!,”.

The reaction came after his father former Punjab Chief Minister Chaudhary Pervaiz Elahi said that police rounded up their house in Gujrat.

“Police are trying to enter his house,” said Chaudhary Pervaiz Elahi in a message to the reports.

Hundreds of police officials were present there outside the home with dozens of vehicles.

This is the second raid of the police in less than a week time.

According to the sources, the police contingent raided the former chief minister’s home. Hundreds of police officers and dozens of police vehicles reached there.

On other hand, the police raided the residence of Muhammad Khan Bhatti, the former Principal Secretary to Punjab CM, and tried to arrest him

It may be mentioned here that  the Punjab Anti-Corruption Establishment filed a case against ex-chief minister Chaudhry Pervaiz Elahi’s former principal secretary on corruption charges.

He was accused of accepting a bribe over Rs460 million in bribes from Punjab Highway Department officials.

SDO Highway Police Rana Muhammad Iqbal had already been arrested on charges of bribery while the ACE has also started the process to arrest Bhatti on corruption charges.

The complainant stated that Iqbal had given millions of rupees to accused Bhatti to get posts of his choice. “Several officials from the communications and construction departments were working for Muhammad Khan Bhatti,” it added.

The FIR further divulged that the role of other officials of the department would also be investigated.

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Pakistan

Former President Musharraf’s body arrives in Karachi from UAE

The latest reports say that a special flight carrying the remains of the former president has landed at Karachi airport.

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Karachi: The special plane carrying the body of former president General (retd) Pervez Musharraf landed at Karachi airport on Monday night.

The latest reports said that the flight landed at Karachi airport at around 9: 51pm while Sehba Musharraf, the widow of the former army chief, and his children were also there  in the special flight.

Before departure to Pakistan, the body was given Ghusal [ritual wash and shrouding of the deceased ahead of burial], in Sonapur of Dubai where he took his last breathe at the age of 79.

According to the reports, Aircraft A319 was tasked to bring the last remains of the ex-army chief after the bereaved family formally approached Pakistan’s consulate in Dubai on Sunday for repatriation of the remains of the former army chief from there to Pakistan.

The funeral prayer of Pervez Musharraf will be offered at the Polo Ground in Malir Cantt in Karachi at 1: 45 pm.

President Dr. Arif Alvi, Prime Minister Shehbaz Sharif and the military leadership expressed sorrow over the demise of the former president.

Musharraf joined Pakistan Army in 1964 and became the tenth president of Pakistan in 2001 till 2008.

The military ruler also took part in the 1965 and 1971 wars.

He imposed emergency in 1999 and became the cheif executive of Pakistan. Pervez left Pakistan for Dubai in 2016 to seek medical treatment and had been living in exile in the country ever since.

The general was born in Delhi in August 11, 1943 and died at the age of 79.

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