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

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. 

Daily Pakistan Global Web Desk

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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