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Youngsters hurt in Karachi by kite string

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8 months ago

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The police said in a statement that Awais, a 20-year-old guy, was ensnared by kite string in Azizabad when he was riding a motorcycle.

According to the police, he was taken to a hospital where his condition was deemed to be stable.

The incident follows the Punjab police’s escalating crackdown on kite flying throughout the province following the death of a young man in Faisalabad at the hands of wayward kite strings.

Following these instances, Maryam Nawaz, the Chief Minister of Punjab, ordered a crackdown on the production, sale, and purchase of chemical string used in kites.

After discovering an online kite sales network two days prior, the police detained five people they believed to be connected to a string killing that occurred in Faisalabad.

City Police Officer (CPO) Muhammad Ali Zia said at a press conference that Asif Shafiq of Samanabad was traveling across the Novelty overhead bridge in the Factory Area police limits when he was fatally injured by a string in his throat.

After the formation of special police squads, they began a scientific investigation and detained five primary suspects.

Using CCTV footage, the police were able to determine that on the same day, Muhammad Abid Gujjar, a resident of Sir Syed Town, was flying a kite on the rooftop of Punjab Bank.

Afterwards, the police detained the accused Abid, who admitted to the crime and stated that he had bought the kites and thread online from a website that, they claimed, was controlled by Abdul Shakoor and Muhammad Bilal.

Accused Abid also informed police that he burned all other kites and thread on the bank’s rooftop out of fear after Asif Ashfaq was murdered by his kite’s string.

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Present day gold prices in Pakistan as of today.

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On Tuesday, the price of gold in Pakistan, which mirrors a surge in the international market, experienced a large increase. As per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola experienced a significant increase of Rs3,600, ultimately reaching Rs273,500.

The price of ten grammes of gold increased by Rs3,086, reaching a final level of Rs234,482 in a similar fashion. On Monday, the price of one tola of gold hit Rs269,900, which was a gain of Rs2,500. The increase in gold prices occurred the day after that, on Tuesday.

As a result of the rise in international gold rates, the local gold prices have also been on an increasing trend. The price of one ounce of gold on the global market hit $2,623 on Tuesday, representing a $36 gain from the previous day for the price. In addition, the APGJSA observed that the worldwide price was increased by twenty dollars.

The price of silver has stayed steady at Rs3,250 per tola, despite the fact that gold prices have been on the rise.

Over the course of the past several months, the price of gold in Pakistan has significantly increased, reaching an all-time high of Rs287,900 per tola in the month of October. As a result of a weakening of the United States dollar and widespread anticipation over impending announcements from officials of the Federal Reserve regarding future interest rate adjustments, the foreign market also experienced a lift on Tuesday.

After a 2% increase on Monday, spot gold reached its highest level since November 12 at $2,623.54 per ounce, showing a 0.4% increase. This marks the highest level since November 12.

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In terms of Pakistan’s Current Account: As information technology exports reached $330 million in October, Pakistan reports a CA surplus of $349 million.

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With a surplus of 349 million dollars in the Current Account for the month of October 2024, Pakistan’s information technology exports reach the 330 million dollar milestone. This is in contrast to the surplus of 86 million dollars and 29 million dollars that Pakistan experienced in September 2024 and August 2024, respectively.

In October 2024, Pakistan’s information technology exports reached 330 million dollars, representing a 36 percent year-on-year increase and a 13 percent month-on-month gain.

IT exports in the first four months of fiscal year 25 were around 1.21 billion dollars, which is a 35% increase from the previous year. This is the thirteenth straight month of year-over-year growth on the IT export front.

In October 2024, Pakistan’s current account showed a surplus of 349 million dollars, which is significantly higher than the surpluses of 86 million dollars observed in September 2024 and 29 million dollars in August 2024, respectively.

It is the third consecutive month that a current account surplus has been recorded, and the volume of this surplus is the greatest it has been since March of 2024, according to statistics that was issued by the State Bank of Pakistan.

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The economy is progressing positively. Prime Minister Expresses Contentment With Economic Stability and Surge in Investments

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According to Prime Minister Muhammad Shehbaz Sharif, the economy of Pakistan appears to be on a more stable foundation that is improving. A lengthy briefing from the Ministry of Finance was followed by this statement.

A confident statement was made by the Prime Minister regarding the fact that the economic recovery of the country is currently underway.

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