Ahmed Shameel

LONDON: Gold rates chalked up another record peak on Tuesday before pulling lower as the dollar clawed back earlier losses, while equity markets struggled with mounting coronavirus fears, dealers said. With worrying new spikes in infections in Asia and Europe — on top of the already-high new US cases — forcing governments to impose strict COVID-19 containment measures, the global economic outlook remains clouded, putting the brakes on a months-long stocks rally. The virus uncertainty, combined with China-US tensions, has sent gold soaring nearly 30% this year — and, on Tuesday, it struck another record pinnacle at $1,981.27 per ounce in Asian trade. That smashed the previous day's peak but it later pared the advance to sit lower for the day. But observers say $2,000 could be broken as early as this week, with focus on the Federal Reserve's next policy meeting, which is tipped to see it unveil more easing measures to support the world's top economy. US second-q...

Two bears at the Islamabad zoo still haven’t been shifted to Balkasar Bear Sanctuary due to health concerns, the Islamabad High Court was informed on Wednesday. The sanctuary authorities said that the temperature at the sanctuary is not suitable for the two bears. A German vet is currently treating them. Justice Athar Minallah, while hearing a case on implementation of the court’s verdict on shifting all animals at the Marghazar zoo to suitable sanctuaries, asked why it shouldn’t be investigated why the bears were brought to Islamabad and on whose orders. “Why are you harming animals for the sake of recreation?” Read more: Kaavan being sent to Cambodia, govt tells court He was informed that former wildlife director Raja Jawad issued a tender and purchased them for the zoo. The court summoned more details on the transfer of the bears by July 29 and adjourned the hearing. Many activists rejoiced after the court had ordered the transfer of animals from Marghazar z...

Ghulam Abbas’s Honda City 2000 was submerged till the bonnet when he went outside his house in Federal B Area Block 18 after Karachi’s saw its third spell of monsoon rains this month. After the water subsided, the car couldn’t start and when Abbas brought a mechanic to check the problem, he was told that the car’s Electronic Control Unit (ECU) was damaged and would cost him Rs15,000.         Abbas is not the only one whose car had been damaged by Monday’s heavy downpour. Images and videos of cars, including some brand new vehicles, floating in rainwater flooded Twitter Monday as citizens documented the flooding of the streets in one of Karachi’s most sought after middle-income neighborhoods of North Nazimabad. Apart from cars getting damaged from broken tree branches which fell due to heavy rains, cars in Karachi were also damaged from the rainwater. If the car doesn’t move because of accumulated water, which is the sit...

The government and opposition parties are once again at loggerheads with each other over the amendments in the NAB law. The government has rejected the suggestions by the opposition parties, saying the proposed amendments could damage Pakistan internationally and in the Financial Action Task Force’s forum. “Anti-corruption is our core principle and our agenda,” Foreign Minister Shah Mehmood Qureshi said in the parliament on Tuesday. He said that if the proposed amendments by the opposition become a law then the law itself will become meaningless. The minister said that the amendments put forward by the opposition parties seem like an attempt to remove money laundering from the NAB law. The leaders of the opposition, however, think that the government doesn’t want to talk over the amendments in ‘good faith’. Shahid Khaqan Abbasi, the former prime minister and a PML-N leader, told reporters that the opposition parties can’t move forward with the government if th...

West Indies captain Jason Holder said Jofra Archer needed support after receiving racist abuse for breaching COVID-19 protocols as cricket could not afford to do without the talented England fast bowler. Archer was stood down from England’s series-levelling win in the second Test at Old Trafford, receiving a fine and a written warning, after it emerged he had breached the bio-secure regulations governing the series by making an unauthorised trip to his home in Hove. Barbados-born paceman Archer indicated in his Daily Mail column on Wednesday that, following online racist abuse, he may not be in the right frame of mind to play in the third and final Test with the West Indies, also in Manchester, starting on Friday. “For him (Archer) to have been racially abused in New Zealand last winter (a Kiwi fan was subsequently banned till 2022) and for it now to be resurfacing would traumatise any individual,” Holder wrote in his Daily Mail column published Thursday. “More than ev...

CORONAVIRUS IN PAKISTAN CONFIRMED CASES 273,113 PAKISTAN DETAILS   INTERNATIONAL DETAILS Cases (24 HRS) 1,226 Deaths (24 HRS) 35 Tests (24 HRS) 23,254 Total Tests 1,868,180 5,822 DEATHS 237,434 RECOVERED 1,267 CRITICAL 117,598 SINDH 91,901 PUNJAB 14,841 ISLAMABAD 11,578 BALOCHISTAN 33,220 KP 2,023  / 1,952 AJK  / GB LAST UPDATED AT: 26 Jul, 2020 - 03:59am #AhmedShameel #COVID19 #AhmedShameelNews

Gold prices per tola have decreased by Rs 100 in Pakistan. The new price per tola 24k is Rs 119,200. Gold Rates  in Pakistan  is never fixed, it is fluctuating according to the international Gold rates. Also check:  Dollar Rate in Pakistan Here is an updated list of Gold Rates in Pakistan (Updated, 26th July 2020) Location 24k 10g 24k per Tola 22k 10g Pakistan Rs. 102,200 Rs.119,200 Rs. 93,683 Karachi Rs. 102,200 Rs. 119,200 Rs. 93,683 Lahore Rs. 102,200 Rs. 119,200 Rs. 93,683 Islamabad Rs. 102,200 Rs. 119,200 Rs. 93,683 Today  Gold  Price in Pakistan – Also Get the latest updates of all foreign currency exchange rates such as; (SAR) Saudi Riyal in Pakistan, SAR TO PKR, etc. These gold prices are provided by Sarafa Market.