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Karachi women get a year in jail for using counterfeit currency in bus

12:40 PM | 20 Apr, 2024
Karachi women get a year in jail for using counterfeit currency in bus
Source: File Photo

KARACHI – Two women were sentenced to a year in jail for using counterfeit currency on the People’s Bus service in country’s financial capital Karachi.

A local court in country’s southeastern region convicted two women for using counterfeit currency on the People's Bus service. The court sentenced them to one year in prison each but ordered their release upon payment of Rs 10,000 surety.

The court stated that this punishment would deter the convicted from committing similar crimes in the future. The women were said to be from under privileged families, with one being a widow.

Despite the usual penalty being seven years for such offenses, the court considered their circumstances and sentenced them to one year each. The fake notes were ordered to be handed over to the central bank.

Sveral criminal networks are involved in production and circulation of fake currency in Pakistan. The most commonly counterfeited currency is higher value notes.

State Bank of Pakistan has introduced various security features in banknotes to make them more secure and reduce the risk of counterfeiting. Additionally, law enforcement agencies in Pakistan are actively involved in investigating and prosecuting individuals involved in the production and circulation of counterfeit currency.

Penalties for counterfeiting currency in Pakistan are severe, with the Pakistan Penal Code prescribing imprisonment for up to seven years for the offense.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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