Tag Archives: Gold

Irish turning to gold, shun banks

Irish turning to gold, shun banks

DUBLIN – Disgusted by how the banks have wrecked the economy and worried their savings are no longer secure, some Irish are buying gold and diamonds or storing their money in safes until the crisis blows over.
Ireland’s government has guaranteed deposits but anxiety about what the future holds, particularly after Dublin was forced to seek a bailout from the EU and the IMF last month, has some savers seeking alternatives to the banks.
“There has been an increase in demand,

Hockey gold a ray of hope for Pakistanis, says Mahmood

LAHORE: Khalid Mahmood, Chairman Provincial Mohtasib and Moulana Zafar Ali Khan Trust, has praised the planning and efforts behind Pakistan hockey team’s gold medal win in the Asian Games.
Khalid Mahmood specially visited the Pakistan Hockey Federation offices and congratulated PHF President Qasim Zia, Secretary Asif Bajwa and the team for their achievement.He said the win has come as a ray of light for the Pakistanis in dusky conditions.
Later he presented a bouquet to

BNU to award 18 gold medals at convocation

LAHORE: Beaconhouse National University (BNU) will be awarding 18 gold medals to its graduating students at its 5th convocation scheduled for December 8th2010 at 3:00 p.m. at the New campus, off Raiwind road, Lahore, in recognition of the academic excellence achieved by them in their specific fields.
This was decided today in a meeting of the steering committee. The meeting was chaired by Vice Chancellor Mr.Sartaj Aziz. Another distinguishing feature of this year’s

Pakistan president leads hockey gold praise

KARACHI: Pakistan on Friday celebrated their first Asian Games hockey gold in 20 years with the country’s president and prime minister hoping the victory ushers in a new era for the national sport. Pakistan beat Malaysia 2-0 in the final in Guangzhou, China to claim the gold that earned them an automatic ticket to the 2012 London Olympics.
The victory capped a disappointing year, having finished at a miserable 12th in the World Cup and sixth at the Commonwealth Games — both

Pakistan bring back hockey gold after 20 years

GUANGZHOU: Fired-up national hockey team annexed the Asian Games men’s hockey gold medal after 20 years with a convincing 2-0 win over Malaysia in the final on Thursday.
Veteran Sohail Abbas put Pakistan ahead with the team’s first penalty corner in the 26th minute, before striker Rehan Butt increased the margin three minutes after half-time.
It was Pakistan’s eighth Asia hockey gold, ending a drought that stretched back to Beijing in 1990, and handed them their first major

Pakistan win back hockey gold after 20 years

GUANGZHOU: Fired-up Pakistan annexed the Asian Games men’s hockey gold medal after 20 years with a convincing 2-0 win over Malaysia in the final on Thursday. Veteran Sohail Abbas put Pakistan ahead with his team’s first penalty corner in the 26th minute, before striker Rehan Butt increased the margin three minutes after half-time.
It was Pakistan’s eighth Asiad hockey gold, ending a drought that stretched back to Beijing in 1990, and handed them their first major title since

Pakistan upset Malaysia to claim squash gold

GUANGZHOU: Aamir Atlas Khan avenged his singles final loss to Mohamad Azlan Iskandar as Pakistan won the men’s team title Thursday, preventing Malaysia from sweeping the Asian Games squash golds. But world number one Nicol David grabbed her fourth Asiad gold medal as she powered Malaysia to a 2-0 win over Hong Kong in the women’s team final.
It was only Pakistan’s second gold of these Games after the women’s cricket title. It was also their second squash gold since the racquet

China sets sights on best-ever gold haul

GUANGZHOU: World champion Maryam Jamal failed dismally in her bid for a middle distance double Wednesday as a fired-up Pakistan won its first men’s Asian Games hockey gold in 20 years.
The Pakistani breakthrough, their first major title since the World Cup in Sydney in 1994, went some way to compensate for their cricket team being stunned by Afghanistan in the semi-finals.
On Day 13, China has its sights firmly set on shattering its best-ever gold medal haul, which stands at

SC declines stay on leasing Reko Diq gold mines to foreign companies

ISLAMABAD: A three-member Supreme Court bench on Wednesday declined to grant
a stay order on leasing of the Reko Diq gold mines in Balochistan, worth over $260 billion, to foreign exploration companies.
The bench comprising Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday was hearing a petition against leasing out Reko Diq gold and copper mines in Balochistan to foreign companies by the federal

Pakistani women break taboos in winning Asian gold

KARACHI: In the conservative Khyber Pakhtunkhawa province of Pakistan, young women are expected to settle down to married life and raise a family. Sana Mir, captain of the Pakistan women’s cricket team that won a gold medal at the Asian Games in Guangzhou, had other ideas.
“I belong to Abbotabad where girls are not encouraged to take up sports leave alone cricket but my family was supportive and made it possible for me to play cricket and study as well,” Mir told Reuters after a

Pakistan crush BD to win maiden cricket gold

GUANGZHOU: Pakistan created history Friday in crushing Bangladesh by 10 wickets to win the first-ever Asian Games women’s cricket tournament.
Bangladesh’s total of 92 all out never looked enough as Pakistan openers Nida Rashid and Javeria Wadood made a positive start to their run chase, playing a full range of shots and looking to score at every opportunity. Bangladesh couldn’t force a breakthrough as Nida raced to a half-century off just 41 balls.
The Pakistan pair reached

Li Na leads China to team gold

GUANGZHOU: Li Na led China to their first Asian Games women’s tennis team gold on home ground on Tuesday with a crushing victory over defending champions Taiwan.
Peng Shuai saw off Chang Kai-chen 6-3, 7-5 before world number 11 Li, who is only playing the team event here, over-powered Chan Yung-jan 6-1, 6-1 to secure the title.
“At the last Asian Games in Doha in 2006 we lost in the quarter-finals to Uzbekistan, so this time we were fully prepared,” said Li, a semi-finalist

China dominates with 19 gold medals

GUANGZHOU: Hosts China made clear who was boss on the opening day of the Asian Games Saturday by claiming 19 of the 28 gold medals on offer, including its 1,000th since first competing in 1974.
The sporting extravaganza, the most ambitious Asiad so far with some 10,000 athletes from 45 countries and territories vying for gold in 42 sports, kicked into gear after a spectacular ceremony opened the massive showpiece.
China’s Yuan Xiaochao took the first honours, ensuring his

SC seeks reply on alleged illegal lease of gold mines

ISLAMABAD: A three-member Supreme Court bench on Thursday issued notices to the federation and other respondents in a petition seeking court’s direction to the federal government not to lease out gold and copper mines in Balochistan to foreign companies in an unlawful manner.
The bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Tariq Parvez and Justice Ghulam Rabbani was hearing a petition filed by Tariq Asad against the lease of gold and copper mines, including the

China grab team gold as Japan stumble

ROTTERDAM
Olympic champions China claimed a fourth straight men’s team title at the world gymnastics championships here on Thursday as a late tumble ended the gold-medal hopes of Asian rivals Japan.
The title-chase went down to the wire with the Chinese sealing victory when Japan’s Kazuhito Tanaka fell on the final rotation – the horizonal bar. The Kohei Uchimura-led Japanese finished 1.228 points behind to take silver with the bronze going to Germany in a repeat of the

Soaring gold prices put jewellers at risk

LAHORE: Soaring gold prices have put the jewellery shops in Lahore on high risk and can be a potential target for robbers.
Increasing prices have raised the security concerns for the jewellery shop owners as the government has not taken any security measures for them, Pakistan Today learnt during a survey conducted in order to check security measures adopted by the Lahore Police to ensure security of jewellers.
Suha Bazaar, Ferozpur Road and Gulberg’s jewellery market’s

Dollar recovers as gold tide recedes

LONDON: Gold eased in Europe on Tuesday as the dollar rebounded on the back of uncertainty over the extent of quantitative easing (QE) expected from U.S. authorities, denting interest in the metal as a haven from weak currencies.
Spot gold was bid at $1,344.30 an ounce at 1121 GMT, against $1,352.95 late in New York on Monday. U.S. gold futures for December delivery fell $9.20 an ounce to $1,345.20.
Prices rallied to a record $1,364.60 an ounce last week as expectations the

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