KARACHI: Police in Pakistan’s southern Sindh province have arrested a man suspected of supplying fake currency notes to different markets in Karachi, said officials on Friday, adding the accused was part of an organized network that circulated bogus US dollars and Pakistani rupees.
Last month, a woman got a fake currency note while withdrawing money from a cashpoint in downtown Karachi. She mentioned the incident on her social media account, informing that the bank note had a printed inscription in Urdu that said “Child’s Play.”
The woman also lodged a complaint with her bank, though its management reportedly did not redress her grievance.
A police official told Arab News on Friday a suspect, Akbar Sher, had been arrested while carrying forged US dollars and Pakistani currency notes.
“The accused, Akbar Sher, was present with a bag containing US and Pakistani currency notes when we arrested him on a tipoff,” Safdar Mashwani, station house officer in the city’s Gulistan-e-Jauhar neighborhood, said.
He added the suspect was member of an organized network supplying such currency to different markets in the city.
“We are also trying to arrest other members of the network,” he continued.
Mashwani said police were trying to obtain details from the accused about the fake currency and whether it was being printed locally.
“At present, what we know is that there is a big network supplying such bank notes,” he added.
Police in Karachi also arrested five individuals for circulating fake currency in October.
Police in Karachi arrest man for circulating fake US dollars, Pakistani rupees
https://arab.news/2tk6k
Police in Karachi arrest man for circulating fake US dollars, Pakistani rupees
- Officials believe the suspect is part of an organized network supplying bogus bank notes to markets
- Police have initiated investigations while trying to figure out if the fake currency is printed in Pakistan
Pakistan PM orders port reforms to cut cargo delays, boost trade and growth
- Shehbaz Sharif orders transparent auctions of abandoned cargo and separate yards to clear port backlogs
- Government to fast-track dredging, port expansion and rail links to handle larger vessels and inland cargo
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday ordered wide-ranging reforms at Pakistan’s ports to reduce cargo delays, cut costs for businesses and support economic growth, directing authorities to improve coordination, infrastructure and transparency across the sector.
The instructions were issued during a meeting of a private-sector working group formed to recommend port-related reforms, as the government seeks to ease bottlenecks in trade logistics and improve competitiveness.
“Our ports play an extremely important role in expanding business and driving economic growth in the country,” Sharif said, according to a statement from his office, as he directed port-linked agencies to strengthen coordination to reduce cargo dwell time and ordered a further reduction in port charges to ease the burden on the business community.
Sharif also instructed officials to introduce a transparent system for auctioning abandoned cargo, including the creation of separate yards at ports and the use of internationally reputed firms to manage the process.
He called for faster work on dredging and expanding ports to allow larger vessels to berth and ordered improvements in rail connectivity from ports to facilitate inland cargo movement.
A briefing given to the participants of the meeting highlighted work on a National Ports Master Plan was progressing, adding that a port community system had recently become operational, and fees at several ports were being reduced, including a cut of more than 50 percent in bulk cargo charges at Port Qasim.
Officials also said an electronic bidding system for auctioning abandoned cargo would be launched soon and that tenders for expansion and dredging at Karachi’s ports had already been issued.
