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Porsche-Pakistan CEO runs off with Rs800 million, Interpol to be moved for extradition

08:00 PM | 5 Feb, 2021
Porsche-Pakistan CEO runs off with Rs800 million, Interpol to be moved for extradition

LAHORE – A luxury car dealer in Lahore has allegedly run away with nearly a billion rupees after conning people in the name of advance booking for high-end cars.

Police said victims of Abuzar Bokhari, the CEO of Porsche Pakistan, registered complaints against him in various police stations across the city.

Police have informed the Federal Investigation Agency (FIA), seeking their help and measures are being taken to inform Interpol for his extradition from England where he flew off a few days ago.

Police said Bokhari collected Rs 800 million from people in the name of car registrations and flew to Dubai, UAE after which he went on to London, England and has not returned.

Bokhari is the founder and CEO of the only Porsche dealership in Pakistan, based in Lahore. Initially, Bokhari started off with two partners but continued alone with the venture when Porsche formally entered the Pakistani market, according to Profit.

Porsche presence in Pakistan was provisionally launched in 2006 and then formally launched in 2008. Since then, it has been in successful operation and has grown significantly.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 25 Feb 2024 forex rates

Pakistani rupee remains stable against US dollar in the open market on February 25, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 25 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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