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Amir Khan admits he is thinking of retirement

Associated Press of Pakistan 04:33 PM | 28 Jul, 2019
Amir Khan admits he is thinking of retirement
ISLAMABAD - The British boxer of Pakistan-origin Amir Khan, who is adamant to fight Filipino superstar Manny Pacquiao has admitted that he is thinking of retirement.

Khan claimed the WBC international welterweight title with a fourth-round stoppage of Australian Billy Dib in Saudi Arabia earlier this month. Following the bout, he sensationally claimed a deal to fight Pacquiao on November 8 in Saudi Arabia had been sealed.

However, that was quickly rubbished by the Pacquiao’s camp.

“I was just told what to say in the press conference by my advisors. “I think it was all very badly handled,” Khan was quoted as saying by www.dailystar.co.uk on Sunday.

“I just think the only way a fight like that will happen is if I and Pacquiao sit together and talk. We’ll see if it happens next year. We both know it’s a big fight which can make a lot of money.

“Look, it’s the final chapter now. A couple of more fights - honestly. I’ve done well in the sport financially, winning titles and making a name for myself. It’s all about now just enjoying the last bit - the last few fights - and just calling it a day really,” he said.

Khan his health and family was everything for him. “Everything you do is for your family. I want to be in one piece for when I’m spending time with them.

“You’re always just one punch away from getting hurt. I never want that one punch to land on me, you know? Before it’s too late… so let’s see how it goes.”

Pacquiao became the oldest welterweight champion in history last weekend. The 40-year-old beat WBA Super champion Keith Thurman in a split decision in Las Vegas. Khan is adamant he would offer a far tougher challenge for the veteran, though. “I’ve worked with him for years and years. I know him quite well.

“I think honestly I’d give him a lot of problems. He fought Thurman who’s got slow feet and slow hands. With me, he’ll have a lot of problems because I move my hands fast, have better footwork and more head movement. I wouldn’t just stand there and get hit.

“You have to still give him credit, but he’s not the same Pacquiao he was a couple of years ago,” Khan added.

Associated Press of Pakistan
Associated Press of Pakistan

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

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.

https://en.dailypakistan.com.pk/01-Jun-2023/today-s-currency-exchange-rates-in-pakistan-dollar-euro-pound-riyal-rates-on-june-1-2023

Today's gold rates in Pakistan – June 1, 2023

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.

City Gold Silver
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

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