ISLAMABAD – President Dr Arif Alvi has taken serious notice of the rising trend of online banking frauds where fraudsters obtained contact details of banks’ clients by impersonating as bank officials to get account and banking information and then using these details to swindle money out of clients’ accounts.
The president directed the Banking Mohtasib of Pakistan to take serious notice of this worrisome trend and take substantive, meaningful, and effective steps by placing appropriate checks and balances, and foolproof security systems by using technology capable of differentiating between the genuine and fraudulent transaction attempts to curb this menace on an urgent basis, President Secretariat Press Wing said in a press release on Saturday.
The president expressed his concern over the news reports about an online bank fraud wherein renowned novelist and playwright, Mirza Athar Baig, was deprived of Rs 1.1 million from his bank account by an online fraudster.
The president’s secretariat, under the direction of the president, has asked Mirza Athar Baig to lodge a complaint and formally raise the matter with the BMP to get relief if the bank was unable to resolve his issue and compensate him within the stipulated time period.
The president said that it was upsetting that fraudulent activities and practices were on the rise in the banking sector despite the fact that hundreds of such fraud cases had been decided by him through the Banking Mohtasib of Pakistan (BMP) and relief had been provided to the affectees of the online frauds.
He also stressed upon the need of bringing about structured and systematic improvements in online banking mechanisms by immediately identifying the fraudulent persons and taking strong exemplary punitive actions against them.
The president emphasized that all the banks should collectively launch an awareness campaign through all forms of media, conventional and digital, to educate bank customers about the secure use of online banking platforms, besides ensuring compliance with the State Bank of Pakistan’s directions and prescribed SOPs regarding the use of online banking facilities with ease, comfort, and security.
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 03, 2023 (Friday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||333.31||333.61|
|Hong Kong Dollar||HKD||34.19||34.54|
|New Zealand Dollar||NZD||173.25||175.25|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 212,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs182,530.
Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 212,900||PKR 2,420|
|Karachi||PKR 212,900||PKR 2,420|
|Islamabad||PKR 212,900||PKR 2,420|
|Peshawar||PKR 212,900||PKR 2,420|
|Quetta||PKR 212,900||PKR 2,420|
|Sialkot||PKR 212,900||PKR 2,420|
|Attock||PKR 212,900||PKR 2,420|
|Gujranwala||PKR 212,900||PKR 2,420|
|Jehlum||PKR 212,900||PKR 2,420|
|Multan||PKR 212,900||PKR 2,420|
|Bahawalpur||PKR 212,900||PKR 2,420|
|Gujrat||PKR 212,900||PKR 2,420|
|Nawabshah||PKR 212,900||PKR 2,420|
|Chakwal||PKR 212,900||PKR 2,420|
|Hyderabad||PKR 212,900||PKR 2,420|
|Nowshehra||PKR 212,900||PKR 2,420|
|Sargodha||PKR 212,900||PKR 2,420|
|Faisalabad||PKR 212,900||PKR 2,420|
|Mirpur||PKR 212,900||PKR 2,420|