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Styleoutwatches rejects rumours of selling Toshakhana gifts

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The Styleoutwatches on Friday categorically rejected rumours about the Toshakhana gifts received by former prime minister Imran Khan.

In a statement, Styleoutwatches said: “We certify that we never bought or sold the Graff Mecca Map diamond MasterGraff Tourbillon minute repeater watch along with diamond cufflinks and round diamonds gent’s ring, as well as rose gold pen set with diamonds to any person.”

The company said that it has come to our attention through various public and media sources that their verified lnstagram page (styleoutwatches) is being used politically on various social media and public posts. 

“We were approached by undisclosed person, to market this watch using our Instagram page,” Styleoutwatches said in a statement, adding that later, however, they were told that this watch has already been sold by a third party.

“Any information about the watch being sold for USD250,000 are incorrect and baseless,” clarified the company.

The statement further said that they disclaimed all liability towards selling the watch set.

The company said that they reserve the right to sue and take legal action against anyone using their name and their brand to sell and market the watch.

“We have to clarify something because there is a lot of media hype and political problems going on about a particular watch,” he said.

He maintained that they did not sell MasterGraff Tourbillon minute repeater watch that Imran Khan had taken from the Toshakhana.

“What we did do is we got it for promotion and marketing reasons,” he said, adding that they took the watch from an undisclosed person, made the pictures and posted it on social media to create attention and hype in 2019.

“Then, we returned the watch to the person and whatever happened before or after, we don’t know,” he clarified. He requested the people to keep them out of the matter.

The statement by the company came after rumours were circulating on social media that Styleoutwatches had sold the watch for 250k USD in 2019.

Education

Students from Balochistani start their academic adventure in China.

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China is the destination of ten Gwadar Institute of Technology (GIT) students who are going there for school. They will be pursuing Associate Engineering Diplomas at Hebei Jiaotong Vocational and Technical College after being chosen for the Sino-Pak Dual Diploma Program.

These students had the privilege of seeing the Chinese Consul General in Karachi prior to their departure, where they were greeted with warmth and given support for their future ambitions.

These ten people, who are from Pasni, Turbat, Kech, Panjgur, Gwadar, and Surab, among other places, exemplify the talent and diversity of Balochistan.

The Government of Balochistan and the well-known Chinese corporation Tang are supporting this opportunity, which gives these youngsters a grant to help with their study overseas.

The children would want to express their sincere gratitude to the Pakistan Army and the Government of Balochistan for making this opportunity possible.

They are excited to take advantage of this opportunity to continue their studies and support Balochstan’s growth, especially through initiatives like the China-Pakistan Economic Corridor (CPEC).

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Amid controversy surrounding judges’ letters, PM Sharif will meet with CJP Isa today.

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Today’s key meeting between Pakistan’s Chief Justice, Qazi Faez Isa, and Prime Minister Shehbaz Sharif is planned in the midst of ongoing discussions regarding a letter sent by six justices of the Islamabad High Court regarding outside meddling in court cases.

Azam Nazir Tarar, the minister of law, and Mansoor Usman Awan, the attorney general for Pakistan, are expected to accompany Prime Minister Sharif to the CJP meeting.

The meeting follows a full court session that CJP Isa called on Wednesday, with the express purpose of addressing issues brought up in a letter signed by six judges of the Islamabad High Court.

All of the participating judges carefully examined the letter’s contents during the session, analyzing both its constitutional and legal consequences. Discussions about the letter’s publication’s legal and constitutional ramifications were also included in the session.

All of the judges actively participated in the lengthy two hours and twelve minute discussion, offering their thoughts on the subject at hand.

According to sources, the top judge of Pakistan is expected to chair another full court meeting today. It is anticipated that this session would examine the letter’s contents in greater detail, with additional evaluation and discussion among the SC judges.

On Wednesday, the bar associations of the High Courts of Islamabad, Lahore, Sindh, and Balochistan urged that the CJP conduct a “transparent inquiry” into the matter and that those responsible for it face legal repercussions.

Its cabinet “strongly condemned the interference of one institution into the matters of another institution,” according to a press release from the IHCBA.

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Business

Changes in the US dollar’s value are directly correlated with variations in gold prices.

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The price of 24-karat gold in Pakistan increased by Rs1500 on Thursday, reaching Rs231,000 per tola. This was another jump in the price of gold in the country.

Dealers reported a comparable surge in the price of 10 grams of 24-karat gold, which is currently trading at Rs198,045 after rising by Rs1285. In addition, the cost of ten grams of 22-karat gold increased significantly, trading at Rs 181,541.

These fluctuations are strongly correlated with shifts in the US dollar’s value, demonstrating the tight connection between gold prices and exchange rates. This emphasizes how local gold markets are impacted by variables related to the global economy.

At Rs2,580, the price of 24-karat silver remains steady right now. The price of gold increased significantly on a global scale as well, rising by $14 to $2,214 per ounce.

It’s critical to understand that changes in the worldwide market can have a substantial impact on gold prices in Pakistan throughout the day. The gold rates that are offered are obtained from reliable sources, mostly situated in Karachi and Multan.

It is recommended that individuals seek the advice of nearby gold merchants and jewellers for the most precise and current information regarding gold prices.

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