Pakistan sailors dominate 2nd CAS International Open Sailing C’ship

Web Desk 03:25 PM | 28 Jul, 2019
Pakistan sailors dominate 2nd CAS International Open Sailing C’ship
ISLAMABAD - Pakistani sailors dominated the medal table as curtains were drawn on the 2nd Chief of the Air Staff International Open Sailing Championship, being held at PAF yacht club, Karachi.

The Championship was comprised of four sailing classes (Laser standard, Laser radial, Optimist, RSX), out of which three sailing classes were of sailing category and one was of windsurfing, said a press release issued here by Directorate of Media Affairs of PAF.

In the RSX category, gold and silver medals were grabbed by Pakistan's Raja Qasim Abbas and M. Sajjad respectively, while Tunisia’s Mami Safouan claimed the bronze medal.

In the Laser standard category, all medals were clinched by Pakistani sailors - M.Tanveer, Muzammil Hussain and Najeeb-Ullah.

In Laser radial category gold medal was won by Khairunneeta Mohd Afendy of Malaysia, while silver and bronze medals were secured by Pakistan's Hana Fatima Asad and Marium Asad Ali, respectively.

In Optimist category, gold and silver medals were clinched by Master Panna Boonnak and Miss Thorfun Boonnak of Thailand respectively, while the bronze medal was taken by M. Abdullah Akram of Pakistan.

Air Chief Marshal Mujahid Anwar Khan, Chief of the Air Staff Pakistan Air Force was the chief guest at the closing ceremony. Speaking on the occasion, the air chief said that flawless conduct of the championship was the manifestation of PAFs commitment in promoting healthy activities, not only at the national level but also at international level. He expressed special gratitude to the international players for their participation in the Championship and said that PAF would provide all-out support for the promotion of water sports in the country.

Later on, the chief guest gave away medals to the winners and runner ups. The championship was played from 23- 27 July, in which 57 sailors and officials from seventeen countries participated. PAF Yacht Club is the best venue for sailing in Pakistan. Also known as a pioneer institution in the country, the Club promotes this exhilarating sport. The Club has been organizing national and international events in collaboration with Pakistan Sailing Federation.

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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.

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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