Toshakhana watch controversy: What's the reality as dealer takes U-turn on selling watch for $250,000?

Web Desk 10:08 PM | 18 Nov, 2022
Toshakhana watch controversy: What's the reality as dealer takes U-turn on selling watch for $250,000?
Source: Social media

DUBAI – The dealer, who earlier claimed that he sold for $250,000 the watch gifted by Saudi Crown Prince Mohammed Bin Salman to former prime minister Imran Khan, has taken a U-turn on his statement. 

Dubai-based Pakistani businessman Umar Farooq Zahoor had claimed while talking to a Pakistani news channel a few days ago that he purchased the Toshakhana watch for $2 million from Farah Gogi, a close friend of Imran Khan’s wife Bushra Bibi. 

Soon after Zahoor talked to the Pakistani news channel, Styleout Watches, the dealer that sold the watch, said in a social media post that they sold this watch “Graff Makkah Edition” for $250,000 in 2019. They said this is the only one watch available in the entire world. 

Daily Pakistan had confirmed from Styleout Watches through a text message on WhatsApp that they sold the watch for $250,000 in 2019. Later, they confirmed this information in a phone call made by Daily Pakistan to Styleout Watches. The statement issued by Styleout Watches contradicted Zahoor’s claim that he purchased the watch for $2 million since the dealer himself told the real value of the watch is $250,000. 

Later, when the Toshakhana watch controversy intensified, Styleout Watches took a U-turn on their earlier statement. They said in a clarification that they had not sold this watch; rather a man had given them this watch for marketing and they cannot reveal his name. They said they took pictures of the watch, posted them on their social media pages and returned the watch to its real owner. They said they had nothing to do with the person who the owner sold this watch to later. Styleout Watches also appealed that they should not be dragged into a controversy against any political party. 

As Styleout Watches have taken a U-turn on their earlier statement, there are two possibilities: they are lying in an attempt to save their skin in this entire scenario or the man who bought the watch from them has forced them to issue a clarification denying their earlier statement. 

Web Desk
Web Desk

Daily Pakistan Global Web Desk


Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on April 01, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on April 01 , 2023 (Saturday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.6 286.65
Euro EUR 308 311
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 77.2 77.9
Saudi Riyal SAR 75.5 76.5
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 754.25


Canadian Dollar CAD 206.5 208.7
China Yuan CNY 41.16 41.56
Danish Krone DKK 41.49 41.89
Hong Kong Dollar HKD 36.11 36.46
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.25 2.3
Kuwaiti Dinar KWD 924.86 933.86
Malaysian Ringgit MYR 64.14 64.73
New Zealand Dollar NZD 176.37 178.38
Norwegians Krone NOK 27.16 27.46
Omani Riyal OMR 736.57 144.51
Qatari Riyal ‎QAR


Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 27.35 27.65
Swiss Franc CHF 310.26


Thai Bhat THB 8.29 8.44

Today's gold rates in Pakistan – 01 April 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 209,000 on Saturday.The price of 10 grams of 24k gold was recorded at Rs179,190.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 209,000 PKR 2,525
Karachi PKR 209,000 PKR 2,525
Islamabad PKR 209,000 PKR 2,525
Peshawar PKR 209,000 PKR 2,525
Quetta PKR 209,000 PKR 2,525
Sialkot PKR 209,000 PKR 2,525
Attock PKR 209,000 PKR 2,525
Gujranwala PKR 209,000 PKR 2,525
Jehlum PKR 209,000 PKR 2,525
Multan PKR 209,000 PKR 2,525
Bahawalpur PKR 209,000 PKR 2,525
Gujrat PKR 209,000 PKR 2,525
Nawabshah PKR 209,000 PKR 2,525
Chakwal PKR 209,000 PKR 2,525
Hyderabad PKR 209,000 PKR 2,525
Nowshehra PKR 209,000 PKR 2,525
Sargodha PKR 209,000 PKR 2,525
Faisalabad PKR 209,000 PKR 2,525
Mirpur PKR 209,000 PKR 2,525


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