Gold Archives - siasatever

Imran Khan’s lawyer buys him two hours as LHC adjourns hearing till 12:30pm

16Feb

By junaid aliNo Comments

News

Imran Khan’s lawyer buys him two hours as LHC adjourns hearing till 12:30pm

LHC had conditioned PTI chair to appear in person to secure protective bail LAHORE: The Lahore High Court (LHC) resumed on Thursday the hearing on the bail petition of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, who has been conditioned to appear before the court in person today to secure immunity from arrest. The former premier, a day earlier, had approached the LHC after an anti-terrorism court (ATC) in Islamabad cancelled his bail for missing the hearing of a case lodged in light of protests outside the Election Commission of Pakistan's (ECP) office which disqualified him in the Toshakhana case. At the outset of the hearing, Advocate Azhar Siddique submitted his power of attorney on behalf of Imran Khan. "A meeting with Imran Khan's doctors is going on a...

US Fed unveils smaller rate hike but signals inflation fight not over

2Feb

By junaid aliNo Comments

News

US Fed unveils smaller rate hike but signals inflation fight not over

US central bank announces quarter-point hike to benchmark lending rate, taking the rate to a target range of 4.50-4.75% US Fed Chairman Jerome Powell WASHINGTON: America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools, but signaled the battle is not yet over. The US central bank announced a quarter-point hike to the benchmark lending rate at the end of its two-day policy meeting, taking the rate to a target range of 4.50-4.75%. "Inflation has eased somewhat but remains elevated," said the Fed's policy-setting Federal Open Market Committee (FOMC) in a statement. While recent developments are encouraging, officials will need "substantially more evidence" to be confident that i...

Sheikh Rashid moves LHC after govt ‘sealed’ Lal Haveli

30Jan

By junaid aliNo Comments

News

Sheikh Rashid moves LHC after govt ‘sealed’ Lal Haveli

LHC admits petition filed on behalf of Sheikh Rashid, it will be heard shortly RAWALPINDI: Former interior minister and Awami Muslim League (AML) chief Sheikh Rashid Monday moved the Lahore High Court (LHC) Rawalpindi Bench after the government "completely sealed" his Lal Haveli residence. The LHC admitted the petition — submitted by Advocate Sardar Raziq Khan filed a petition on behalf of Rashid — which will be heard shortly. Earlier today, the AML chief claimed that the government has "completely sealed" his Lal Haveli residence. Following the development, the AML workers also reached the residential property and were chanting slogans against the ETPB officials. The famous Lal Haveli, an old building at Bohar Bazaar, is the political office of the AML leader —...

29Jan

By junaid aliNo Comments

News

Latest petrol price in Pakistan

Finance Minister Ishaq Dar announced that the hike will be effective from 11am today The federal government has increased the price of petrol and diesel by Rs35, Finance Minister Ishaq Dar announced Sunday. CommodityExisting pricesw.e.f16.01.2023New pricesw.e.f29.1.2023 (11am)Increase/Decrease (in rupees)Petrol Rs214.80Rs249.80+35Diesel Rs227.80Rs262.80+35Kerosene oilRs171.83Rs189.83+18Light diesel oilRs169Rs187+18

Gold tops Rs200,000 per tola as rupee extends rout

28Jan

By junaid aliNo Comments

Uncategorized

Gold tops Rs200,000 per tola as rupee extends rout

Cumulatively, gold price rose by Rs17,200 per tola since January 20 The price of gold in Pakistan Friday marched past the major psychological threshold of Rs200,000 per tola for the first time, the dealers said, pinning the upsurge on the rupee free fall that ensued after money changers gave up on a self-imposed cap on the exchange rate. According to the All-Pakistan Sarafa Gems and Jewellers Association's (APSGJA) data, 24-carat gold prices increased Rs7,000 per tola and Rs6,000 per 10 grams to settle at Rs202,500 per tola and Rs173,610 per 10 grams, respectively. Goldsmiths, who were already expecting a hike in rates of the yellow metal, termed the record-breaking rupee devaluation and a steep decline in Pakistan's foreign exchange reserves as major factors behind the mas...