LAHORE – Sheikhupura junior rugby team outsmarted Peshawar team by 17-6 to win the 15-a-side match played in Sheikhupura. The match was organized by Sheikhupura Rugby Association (SRA) under the auspices of Pakistan Rugby Union (PRU).
On this occasion, Pakistan Rugby Union (PRU) President Chaudhry Arif Saeed, Director Shakeel Malik, SRA Chairman Afzal Haider, President Rana Shafqat Mehmood, association officials Syed Ashfaq Ahmed, Mubashir Mazhar, Rehan Faisal, Farhan Danish, Saqib Saeed, coach Muhammad Ilyas and others were also present.
Talking to media, Shakeel Malik, who has been working a lot for the Pakistan Rugby Union at the domestic level for the past several years, said: “Thanks to the work that the PRU is doing at the grassroots level due to which many districts have their own U-14, U-17, Junior and Senior teams. Now women are also playing rugby in every district which is a very welcoming sign. We have reached at this point with the continuous and tireless efforts of PRU Chairman Fauzi Khawaja and President Arif Saeed. Rugby has very bright future in Pakistan and it is becoming popular here with each passing day.”
PRU President Arif Saeed said: “It is a great pleasure that our planted saplings have now become fruitful trees. Rugby is now being played everywhere in Pakistan. Rugby scholarships are also being given in the colleges and universities. The number of newcomers is also increasing. We are trying to provide every basic facility to rugby players, who, in return, should work harder and win international laurels for Pakistan.”
KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.
This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.
According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.
The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.
In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”
Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.
Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.
Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.
Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.
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.
|Lahore||PKR 229,000||PKR 2125|
|Karachi||PKR 229,000||PKR 2125|
|Islamabad||PKR 229,000||PKR 2125|
|Peshawar||PKR 229,000||PKR 2125|
|Quetta||PKR 229,000||PKR 2125|
|Sialkot||PKR 229,000||PKR 2125|
|Attock||PKR 229,000||PKR 2125|
|Gujranwala||PKR 229,000||PKR 2125|
|Jehlum||PKR 229,000||PKR 2125|
|Multan||PKR 229,000||PKR 2125|
|Bahawalpur||PKR 229,000||PKR 2125|
|Gujrat||PKR 229,000||PKR 2125|
|Nawabshah||PKR 229,000||PKR 2125|
|Chakwal||PKR 229,000||PKR 2125|
|Hyderabad||PKR 229,000||PKR 2125|
|Nowshehra||PKR 229,000||PKR 2125|
|Sargodha||PKR 229,000||PKR 2125|
|Faisalabad||PKR 229,000||PKR 2125|
|Mirpur||PKR 229,000||PKR 2125|
Copyright ©2023. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.