Pakistan’s UAE envoy urges compatriots to use legal channels to remit money 

An undated file photo of Pakistan’s Ambassador to the United Arab Emirates Faisal Niaz Tirmizi. (Photo courtesy: APP)
Short Url
Updated 18 August 2024
Follow

Pakistan’s UAE envoy urges compatriots to use legal channels to remit money 

  • Pakistan receives its highest share of remittances from Saudi Arabia and the UAE
  • Pakistan has banned use of the hawala and hundi informal money transfer systems 

ISLAMABAD: Pakistan’s Ambassador to the United Arab Emirates Faisal Niaz Tirmizi this week called upon Pakistani nationals residing in the Gulf country to use legal banking channels to remit money. 

Pakistan receives its highest contribution of remittances every month from Saudi Arabia and the UAE, the two Gulf countries being the most preferred destinations for Pakistani laborers. 

Pakistan has banned the use of hawala and hundi, two informal methods of money transfer, as both transfer systems are often used to launder money, evade taxes and contribute to terror financing. 

The Index Exchange, a renowned UAE-based exchange company, held a media briefing and engagement event in Dubai on Saturday titled “HUNID PE WAAR” to promote legal remittances to Pakistan. 

“I highly appreciate and congratulate the Index Exchange for playing its role in spreading awareness among Pakistani diaspora by launching a full-fledged media campaign,” Tirmizi wrote on social media platform X on Saturday. 

“I urge all community members to support and promote legal banking channels for sending money back home!“

Pakistan’s government last year launched a crackdown against currency smugglers and hoarders when the cost of the US dollar soared, as people preferred informal banking channels to remit money to relatives in Pakistan. 


Pakistan Customs seize ecstasy tablets worth $1 million in Karachi

Updated 5 sec ago
Follow

Pakistan Customs seize ecstasy tablets worth $1 million in Karachi

  • Pakistan Customs has initiated investigation to identify recipients, facilitators of smuggling attempt, says FBR
  • Ecstasy, also known as “party drug,” causes energizing effect, enhanced enjoyment of tactile experiences

ISLAMABAD: Pakistan Customs this week foiled a bid to smuggle more than 9,000 MDMA or ecstasy tablets into the country valued at Rs299.8 million [$1 million], the Federal Board of Revenue (FBR) said in a statement. 

According to the FBR, the narcotics were found concealed inside speakers and LED lamps in a parcel that arrived from Germany at the International Mail Office in the southern port city of Karachi. 

It said the shipment had been falsely declared as containing “clothes, socks and music boxes.”

“Officials of the Airport Cargo Control Unit (ACCU), Collectorate of Customs Airports Karachi, seized 9,455 MDMA (ecstasy) tablets valued at Rs299.791 million during a targeted inspection,” the FBR said on Friday. 

“Customs authorities have initiated further investigation to identify the recipients and facilitators of the smuggling attempt.”

Ecstasy/MDMA acts as both a stimulant and hallucinogen, producing an energizing effect, distortions in time and perception, and enhanced enjoyment of tactile experiences.

Adolescents and young adults use it around the world to reduce inhibitions and to promote euphoria, feelings of closeness, and empathy. 

Known as a “party drug,” ecstasy is consumed in both pill and powder form. 

Pakistan has stepped up efforts against clamping down on illegal drugs, with authorities frequently seizing large quantities of narcotics such as heroin, ecstacy, ice and hashish across the country. 

In November, Pakistan Navy seized narcotics worth Rs36 billion ($130 million) under a Saudi-led maritime task force. 

In October, another Pakistan Navy ship seized a record haul worth nearly Rs271 billion ($972 million), one of the largest drug seizures ever reported in the North Arabian Sea.