Tag Archives: Gold

Rs 2.5m too much… even for Sarafa Bazaar traders

Rs 2.5m too much… even for Sarafa Bazaar traders

KARACHI – Peeved by extortionists’ harassment, the traders of Paposh Nagar’s Sarafa Bazaar (gold market) took to the streets on Wednesday to demand justice and protest the law enforcement agencies’ pathetic performance. The traders blocked the roads leading to the Board Office and Golimar Chowrangi. “Criminals have been threatening calls to us for the last two weeks and demanding huge sums of money,” a trader told Pakistan Today requesting anonymity. “We have repeatedly informed the

Balochistan players grab gold

LAHORE – Arifa and Nematullah of Balochistan won gold medals on the opening day of the National Cadet Under-16 Boys and Girls Karate Championship, which started in Islamabad on Saturday. Syed Amir Hamza Gilani, Director General Pakistan Sports Board, inaugurated the event at Pakistan Sports Complex, Islamabad. Fourteen teams from all over Pakistan are participating in the championship. During the welcome address, Andleeb Ahmar, Secretary Pakistan Women’s Karate Association,

Gold steadies over $1,400

LONDON – Gold prices steadied above $1,400 an ounce on Tuesday as the dollar surrendered earlier gains versus the euro and ongoing violence in North Africa fuelled interest in the metal as a haven from risk. Libyan leader Muammar Gaddafi used tanks, helicopters and warplanes to fight a growing revolt in the country as protests raged, following uprisings that have toppled leaders in Tunisia and Egypt.
Spot gold was bid at $1,402.19 an ounce, against $1,405.95 in New York on

Gold above $1,400 as Mid East violence spreads

LONDON – Gold prices rose above $1,400 an ounce on Monday for the first time in nearly seven weeks as violence flared in North Africa and the Middle East, boosting interest in the precious metal as a haven from risk. Tensions have spread across the regions from Egypt and Tunisia, where protests have unseated leaders over the past month or so, threatening the grip of long-entrenched autocratic leaders elsewhere.
Spot gold rose as high as $1,403.38 an ounce and was bid at $1,402.80

House robbed of gold ornaments, cash

HAFIZABAD – Unidentified dacoits looted gold ornaments, cash and other valuables worth millions of rupees, including the dowry of two sisters, from village Wachoki Kalan after taking the inmates hostage. According to details, four dacoits forced an entry into the house of Malik Manzoor of Wachoki Kalan at midnight, took all family members hostage at gunpoint and looted gold ornaments, cash and other valuables worth millions of rupees, including dowry of her two daughters, and fled

Kim grabs second gold at Winter Games

ALMATY – South Korean alpine skier Kim Sun Joo won her second gold medal at the Asian Winter Games here on Tuesday finishing with a time of one minute 10.83sec in the women’s Super-G event.
“I’m pleased with my performance here both today and overall so far,” the 25-year-old said. “I have a chance to secure a hat-trick here and I will do my best to win the Super Combined Friday.” Lyudmila Fedotova of Kazakhstan won her second silver medal finishing second 0.5sec behind Kim, while

Country has 1,339 tonnes of gold reserves, Senate told

ISLAMABAD – Petroleum Minister Naveed Qamar on Tuesday in informed the Senate that Pakistan had 1,339.25 tonnes of gold reserves. During the question answer session in the Senate, Qamar said in a written reply that the country had 1,339.25 tonnes of gold reserves of which only 7.891 tonnes had been produced in the last five years.
He Pakistan had 1,275.75 tonnes of gold in the Reko Diq area, while the Saindak area had 63.50 tonnes of gold. The minister told the House that

Natsumi grabs gold for Japan at winter Asiad

ALMATY – Madika Natsumi won the first gold medal for Japan here Monday at the Asian Winter Games giving all she had in the final run for a comprehensive victory in the women’s cross-country ski sprint. She gained an early narrow advantage ahead of her rivals and managed to hold on to it by clocking a time of three minutes 35.2 seconds over the 1.2km distance to finish four seconds ahead of Elena Kolomina of Kazakhstan.
“I’m happy to win the first gold medal for my country,”

Rs 16m gold ornaments stolen

FAISALABAD – A dacoit gang broke into a jewellery shop at Saturday night and took away a large quantity of gold ornaments worth Rs 16 million. Reportedly, the organised gang entered the sho of Shahzad Gold Jewellers from the roof after drilling a large hole, emptied all shelves and iron safes and took 200 tolas of gold jewellery worth Rs 16 million.
Sarafa Bazaar Chiniot is the busiest commercial centre. Surprisingly, there were no watchman or CCTV cameras in the shop for the

Ben Ali clan fled with 1.5 tonnes of gold

PARIS – Relatives of the ousted Tunisian leader Zine El Abidine Ben Ali are thought to have fled the country with 1.5 tonnes in gold, Le Monde reported Monday, citing French intelligence sources. At Monday’s prices 1.5 tonnes in gold would fetch $65 million dollars (49 million euros) on the open market. According to Le Monde, President Nicolas Sarkozy’s office has been briefed by French intelligence that Leila Trabelsi, Ben Ali’s second wife, withdrew gold ingots from the Tunisian

Lahore notches football gold in CM Sports Cup

LAHORE – The second Chief Minister Sports competitions reached final stages in football and volleyball events on Monday. The boys football final matches were held at Punjab Stadium. The first match was played between Lahore and Faisalabad. Lahore clinched the gold medal by 4-2. Sahiwal got the second position 1-0 against Bahawalpur. Lahore were first whereas Faisalabad and Sahiwal got second and third positions.
The girls volleyball matches were held at Government Pilot High

Reko Diq gold mines – Petition in SC against mining company

LAHORE – A contempt of court petition has been filed in the Supreme Court’s Lahore Registry against Tethyan Copper Company for launching a wrong propaganda about its gold mining business in Chagai district, Balochistan, and hiding facts about the quantity of gold reserves in Balochsitan’s Reko-Diq mines.
The petition was filed by Watan Party President Shaukat Khan through Barrister Zafar Ullah Khan, stating that Tethyan Copper Company has started a wrong propaganda through

Special student wins three gold medals at PU

LAHORE – Umm-e-Hani Shah, a special student won three gold medals; Hamid Nazami Gold Medal, Dr Maskeen Ali Hajazi Gold Medal and University Gold Medal at 119th convocation of the Punjab University.
PU teachers, students and guests appreciated the efforts and hard work of the special student while Hani, a student of MS replica at Institute of Communication Studies (ICS), thanked God and her parents and teachers for their hard work, which enabled her to reach this position.

Wapda clinch football gold after 18 years

LAHORE – National Champions Wapda added another feather to their winning cap when they beat Pakistan Air Force 1-0 in the final of the 31st National Games football tournament on Wednesday in Islamabad.
Wapda regained the title after a lapse of 18 years under their jubilant coach Muhammad Habib – a qualified international coach. Wapda’s last triumph was recorded in 1992 under late Muhammad Aslam Japani.
Wapda dominated the 90-minute tussle with PAF. The lone goal of the

Adnan grabs gold in Long Jump

LAHORE – Adnan Jahangir of Punjab won gold medal in long jump in the 31st National Games being held at Quyyum Stadium, Peshawar, amidst tight security. Adnan got the first position for Punjab with a jump of 3.38 metres.
Mohamamd Kalil of Punjab secured fifth place in the javelin throw when he threw the javelin 58.97 metres. In women shot putt, Punjab’s Razia Younas got sixth position with a throw of 8.13 metres.
Meanwhile, semi-finals places were decided in the National

PU student wins five gold medals in athletics

LAHORE – Sehrish Asghar, a student of Punjab University Hailey College of Banking and Finance, won five gold medals in 400m, 800m, 1500m, 100 x 4m and 400 x 4m races in Pakistan Inter University Athletics Championship. The championship was organized by Higher Education Commission in collaboration with Punjab University at Punjab Stadium from December 20 to 21. 15 universities from all over Pakistan participated in the games, won by Punjab University by securing 380 record numbers.

Lochte targets three more gold

DUBAI: Ryan Lochte is on the hunt for another three gold medals in a packed final-day evening schedule at the Short Course World Championships here on Sunday.
The US star, who already claimed two new world records and three gold medals this week, is considered a likely candidate for more record-breaking times in the 100m individual medley, the 200m backstroke and is likely to also be part of the 4x100m medley relay.
“What happens, happens,” said Lochte after leading the