According to All Pakistan Jewellers Association, price of 10-gram gold went up by Rs 1,714 to close at 50,571 and one tola reached Rs 59,000.
In international market, gold price increased by $74 per ounce.
Silver price remained at Rs 1,300 per tola with no change.
The items which recorded decrease in their average prices during the week under review included tomatoes, potatoes, chicken (farm), egg hen (farm), onions, garlic, masoor pulse (washed), electric bulb (60wats), gram pulse (washed), moong pulse (washed), vegetable ghee (loose), red chillies and wheat flour.
Crude fell as much as $1.16 to $84.14 a barrel and was at $84.20 at 1:05 p.m. London time. Yesterday, the contract added 14 cents to $85.30. Prices are up 2.4 percent this week, heading for their first weekly gain since the five days ended July 22, and are up 15 percent in the past year.
Brent oil for October settlement on the London-based ICE Futures Europe exchange was down 56 cents at $110.06, set for a 1.3 percent climb this week. The contract was at a premium of $25.86 to US futures, compared with a record settlement of $26.21 on Aug. 19.
India s Sachin Tendulkar is in contention for the ICC Cricketer of the Year award. The veteran batsman however, faces stiff competition from the English duo of Alastair Cook and Jonathan Trott. Hashim Amla of South Africa is the other player nominated for the awards which are scheduled to take place in London on September 12.
The four batsmen were nominated after a voting done by an independent 25-person academy and the eventual winner will recieve the Sir Garfield Sobers Trophy for ICC Cricketer of the Year.
Tendulkar recieved the honour in the previous edition of the awards which makes his achivement stand out. Cook and Trott however have their own share of glory as both have also been nominated for the Test Cricketer of the Year award.
The whole process will be handled by a special committee to be constituted by the Pakistan Cricket Board (PCB).
A PCB official also made it clear that the option of hiring a foreign coach cannot be ruled out as the idea was to find the best candidate to work with the national team.
"Whether it is Dav Whatmore or any other foreign coach we are not discounting out anyone. Whatmore is working in India but obviously we can have talks with him," chief operating officer, Subhan Ahmad said.
He said Pakistan cricket had plenty of experience with foreign coaches in the past so it would be nothing new but the whole decision would rest on the committee that will be tasked with the job of shortlisting suitable candidates.
Flanked by Federal Information Minister Firdous Ashiq Awan, the PM however didn’t elaborate what foreign hand means or which country he was referring to. Neither did the PM say if there was any credible intelligence in this regard.
Addressing a news conference at State Guesthouse in Lahore where he had arrived to see the family of slain Salman Taseer whose son Shahbaz Taseer has been abducted, the prime minister came under a volley of questions ranging from security and the war on terrorism to internal affairs and accountability. The PM defended the decision of not calling Army in Karachi. He said the Army doesn t want to be involved in every situation.
The PM said he would meet the Taseer family as him and the party is very concerned. He said the federal government is willing to provide all support to the Punjab government for early recovery of Shahbaz Taseer. PM Gilani said Punjab CM Shahbaz Sharif met him before the Council of Common Interest meeting in Islamabad the other day and assured of doing all the government could to trace the missing Taseer.
Asked if there would be any implications for Pakistan after the recent report that Al-Qaeda No. 2 Abd al-Rahman had been killed in Pakistan, PM Gilani said both the US and Pakistan are taking on high-valued target jointly. He said: “The ISI and CIA are working in close coordination with each other in the region. We have given them assistance in the past and continue to do so. I don’t think they would point the finger at Pakistan.”
The Speaker of the National Assembly (NA) Fahmida Mirza has constituted a committee to review Karachi and Quetta situation.
The Parliamentary Committee consist of Khursheed Shah, Qamar Zaman Qaira, Abdul Qadir Patel, Noor Alam, Ayatullah Durani, Sardar Mehtab Abbasi, Khwaja Asif, Zahid Hamid, Rana Tanvir, Ghaus Baksh Maher, Riaz Pirzada, Zubaida Jalal, Haider Abbas Rizvi, Sohail Mansoor, Ghulam Ahmad Bilor, Maulana Fazlur Rehman and Khuda Buksh.
The Parliamentary committee will review the current situation in Karachi and Quetta and submit its report in the National Assembly.
Khurshid Shah, Qamar Zaman Qaira, Abdul Qadir Patel, Noor Alam, Ayatullah Durrani, Sardar Mahtab Abbasi, Khawaja Asif, Zahid Hamid and Rana Tanveer are members of the said body. Ghaus Bakhsh Mahr, Riaz Pirzada, Zubaida Jalal, Haider Abbas Rizvi, Sohail Mansoor, Ghulam Ahmad Billor, Maulana Fazlurrehman and Khuda Bakhsh Rajr also include the committee.
The committee would reflect and review the current situation of Karachi and Quetta and submit its report in the National Assembly.
SC to hear suo moto case on city situation on Monday |
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The five members bench of the apex court comprises of Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry, Justice Anwar Zaheer Jamali, Justice Sarmad Jalal Usmani, Justice Amer Hani Muslim and Justice Ghulam Rabbani. As far as security concerns, special passes will be issued by the Supreme Court, Karachi registry to the petitioners, respondents, their counsels appearing before the court. As regards others, passes will be issued to all those who are interested to watch court proceedings but subject to seating capacity in the Courtroom. Entry into Court building will be allowed after checking/frisking and searching of bags/ purses etc. No mobile phone will be allowed inside the Courtroom. Special arrangements have been put in place to ensure foolproof security at the premises of the Court. Meanwhile the Chief Justice has also formed two benches for hearing of the cases at Karachi Registry on August 29 and 30. The first bench will be headed by Chief Justice Iftikhar Muhammad Chaudhry while the second bench will be headed by Justice Anwar Zaheer Jamali. |
He said some people got upset owing to the operation in Pak Colony and Layari. He said he was fighting a war against terrorists and had never talked to any target killers. He denied all the charges that Zulfiqar Mirza leveled against.
Talking about Zulfiqar Mirza he said he was an emotional person and he considered his as his brother. Only president and PM can judge his performance, added Rehman Malik. Action will be taken in all the areas indiscriminately.
There was a possibility of annoyance on the part of some PPP leaders. The operation in Karachi will continue until the restoration of peace in Karachi. He admitted some people in the party did not want operation in Layari.
Strict security measures at Supreme Court Karachi Registry have been planned for hearing of suo moto case regarding law and order situation in Karachi on Monday.