Tag: Khalilah Camacho-Ali

  • Taliban government welcomes Muhammad Ali’s ex-wife

    Taliban government welcomes Muhammad Ali’s ex-wife

    A former wife of legendary US boxer Muhammad Ali arrived in the Afghan capital, a Taliban government official said Friday, to reportedly open a stadium in a country where women are barred from sports.

    The head of the Taliban government’s sports directorate, Ahmadullah Wasiq, told AFP that Khalilah Camacho-Ali, who was married to the boxer for a decade from 1967, had arrived in Kabul.

    State media cited the directorate as saying she was in the city “to build a sports stadium to be named ‘Pirozi’ (victory in Dari) and a sports association named after Muhammad Ali”.

    Born Belinda Boyd in 1950 in the United States, Camacho-Ali, like her world champion boxer ex-husband, converted to Islam after they married.

    Muhammad Ali himself visited Kabul in 2002, a year after the US forces overthrew the first Taliban government, visiting a girls’ school in his role as a United Nations peace ambassador.

    Since the Taliban government came to power in Afghanistan in 2021, they have imposed a strict interpretation of Islamic law, with women bearing the brunt of restrictions the United Nations have called “gender apartheid”, including blocking women from participating in sports.

    During the Taliban’s first rule from 1996 to 2001, public executions in sports stadiums were common.

    Public corporal punishment has continued since their return to power and at least two public executions have been held in a sports stadium.

    The authorities have recently set restrictions on combat sports as well, saying free fighting such as in Mixed Martial Arts was un-Islamic.

    Camacho-Ali is a martial artist, as well as an actress and author, according to her website.

    Ali was born Cassius Clay in the southeastern state of Kentucky and is known as both a sporting great and for his role in fighting for civil rights for African Americans. He died in 2016.

  • Gold price jumps by Rs1,100 per tola, reaching Rs214,300

    Gold price jumps by Rs1,100 per tola, reaching Rs214,300

    The gold prices in Pakistan continued their upward trajectory, building on gains from the last session of the previous week. On Monday, the price of 24-karat gold surged by Rs1,100 per tola, reaching Rs214,300 per tola.

    According to the Karachi Sarafa Association, the price of 10-gramme 24-karat gold stood at Rs183,728, marking an increase of Rs943 compared to the previous session. Additionally, the price of 10-gramme 22-karat gold rose to Rs168,417.

    In contrast, silver prices remained stable, with 24-karat silver being sold at Rs2,580 per tola and 10-gramme silver trading at Rs2,211.93.

    It is noteworthy that domestic gold ended last week in the red zone due to a decline in international prices. The ongoing uncertainty surrounding the delay in election results also failed to stimulate demand for this safe-haven asset.

    Internationally, spot gold has extended its rally for the third consecutive session, currently trading at $2,021.8. This rebound follows last week’s release of hotter-than-anticipated US inflation data, which initially pushed gold below the $2,000 mark for the first time in two months.

    Given the influence of domestic currency fluctuations on the domestic gold rate, it is crucial to mention that the Pakistani rupee (PKR) concluded its 13-week-long historic winning streak against the US dollar. Last week, the PKR experienced a marginal drop of 8 paisa.

    Since gold is denominated in US dollars, a depreciation of the PKR against the US dollar results in an increase in the value of PKR-denominated gold. The market remains attentive to both global and domestic factors influencing these shifts in precious metal prices.

  • Gold price in Pakistan experiences massive single-day gain of Rs5,700 per tola

    Gold price in Pakistan experiences massive single-day gain of Rs5,700 per tola

    In a significant development, gold staged a recovery from its recent five-session decline in Pakistan on Thursday, driven by a surge in the global market.

    The domestic market witnessed a notable upswing in gold prices today, surging to Rs218,300 per tola after a massive single-day gain of Rs5,700 per tola.

    According to data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 10-gramme gold price in Pakistan experienced a surge, reaching Rs187,157 after a significant uptick of Rs4,887.

    This marks a considerable shift from Wednesday’s scenario, when gold prices in Pakistan witnessed a decline of Rs1,000 per tola.

    Internationally, the gold market reflected this positive momentum, setting the rate at $2,052 per ounce with a $20 premium on Thursday. This uptick translated into a $54 increase in the international market, as reported by APGJSA.

    Simultaneously, silver rates observed an upward trend, climbing by Rs70 and settling at Rs2,650 per tola.

    While these developments unfolded in the precious metal markets, the Pakistan Stock Exchange experienced a tumultuous Wednesday, initially plummeting by over 1,900 points.

    Despite the initial setback, the market rebounded, ultimately concluding the business day with a loss of over 1,100 points.

    The benchmark KSE-100 index kicked off Thursday’s session on a pessimistic note, extending its downward trajectory to revisit the previous day’s lows of approximately 64,400.

    However, buyers intervened, successfully defending this level once again.

    The index maintained a rangebound pattern for the remainder of the session, closing at 65,450.19, marking an increase of 170 points or 0.26 per cent day-over-day.