Latest news with #Rs1.42
Business Recorder
3 days ago
- Business
- Business Recorder
0.5pc appreciation
KARACHI: Rupee gained against the US dollar in the inter-bank market as it appreciated by Rs1.42 or 0.50% during the previous week. The local unit closed at 283.45, against 284.87 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP). The week-on-week gain was 93-week high, AKD Securities said, as a reported crackdown against currency smugglers helped the rupee recover against the dollar. The central bank will continue to build its dollar stockpile but at a slower pace without putting undue pressure on the rupee, according to Citigroup Inc., Bloomberg reported. The foreign exchange reserves held by the SBP decreased by $69 million during the week ending July 18, 2025, as the country made scheduled external debt repayments. According to SBP data, the central bank's reserves fell to $14.46 billion, down from $14.53 billion recorded a week earlier. Prime Minister Shehbaz Sharif decided to continue the remittance incentive scheme, directing the Ministry of Finance to immediately release funds on a priority basis for the Workers' Remittances Incentive Scheme. Open-market rates In the open market, the PKR gained 1.91 rupee for buying and 2.05 rupees for selling against USD, closing at 285.46 and 286.55, respectively. Against Euro, the PKR gained 67 paise for buying and 1.91 rupee for selling, closing at 334.25 and 336.36, respectively. Against UAE Dirham, the PKR gained 99 paise for buying and 1.22 rupee for selling, closing at 77.53 and 78.00, respectively. Against Saudi Riyal, the PKR gained 1.06 rupee for buying and 1.05 rupee for selling, closing at 75.75 and 76.30, respectively. ========================================= THE RUPEE ========================================= Weekly inter-bank market rates for dollar ========================================= Bid Close Rs. 283.45 Offer Close Rs. 283.65 Bid Open Rs. 284.46 Offer Open Rs. 284.65 ========================================= Weekly open-market rates for dollar ========================================= Bid Close Rs. 285.46 Offer Close Rs. 286.55 Bid Open Rs. 286.35 Offer Open Rs. 287.50 ========================================= Copyright Business Recorder, 2025
Time of India
13-07-2025
- Time of India
Scammers misuse credit cards, siphon over 8 lakh
Mumbai: Scammers misused 19 credit cards issued by a private bank, collectively siphoning over Rs 8 lakh, the Bandra Kurla Complex (BKC) police reported. The police registered a case on July 11 against the scammer for fraudulent transactions carried out between May 3 and May 30. The fraud occurred after the scammer convinced cardholders to share their card details to activate them for online payments or shopping at merchandise outlets. "The team has sought details of the fraud transactions and the account to which the money got credited. The team is also tracking down the location from where the money withdrawals has been done to track the accused," said a police officer of the BKC police station. The FIR was filed on Friday after the bank submitted a written complaint to the BKC police on June 3, alerting them about the fraudulent transactions. In the complaint, the bank's legal deputy manager Mr Bambale (36) stated: "I was working in the bank on June 2 when I learned about the fraud when the staff from the risk control unit of the bank alerted through mail that multiple calls were made to the card holders informing them that they are from bank tele-calling department. The cardholders were made to part with their card details after informing them to activate the new card issued to them." A police officer said the amounts siphoned ranged from a minimum of Rs 20,554 to a maximum of Rs1.42 lakh. V Narayan You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai
Time of India
30-06-2025
- Time of India
Versova Police Arrest Nigerian Woman for Possession of 1.42 Crore Worth Cocaine
Mumbai: The Versova police arrested a Nigerian woman on June 30 for allegedly possessing cocaine valued at Rs1.42 crore. The Anti-Terrorist Squad (ATS) conducted an operation in Old MHADA, Andheri West, after observing suspicious behavior. At approxima 3 am, officers noticed Yenna Christina Idowha, 34, residing in Noida, New Delhi, acting suspiciously in the area. Acting on suspicion, the police searched her bag in the presence of a female officer and recovered 30 capsules containing a total of 418 grams of cocaine. During interrogation, Idowha identified herself as a resident of Ondo, Nigeria, currently living in Noida. The police are thoroughly investigating the matter to determine whom the accused was supposed to deliver the drugs to and where she procured them from, aiming to trace the entire drug network. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai Mumbai: The Versova police arrested a Nigerian woman on June 30 for allegedly possessing cocaine valued at Rs1.42 crore. The Anti-Terrorist Squad (ATS) conducted an operation in Old MHADA, Andheri West, after observing suspicious behavior. At approxima 3 am, officers noticed Yenna Christina Idowha, 34, residing in Noida, New Delhi, acting suspiciously in the area. Acting on suspicion, the police searched her bag in the presence of a female officer and recovered 30 capsules containing a total of 418 grams of cocaine. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Passa a WINDTRE, attiva a 0€ Passa a WINDTRE Undo During interrogation, Idowha identified herself as a resident of Ondo, Nigeria, currently living in Noida. The police are thoroughly investigating the matter to determine whom the accused was supposed to deliver the drugs to and where she procured them from, aiming to trace the entire drug network.
Time of India
14-05-2025
- Time of India
Duo use forged documents, pledge bizman's flat to raise loans worth 2.8 crore from two nationalised banks
1 2 3 Pune: The Kalepadal police are investigating the complaint of a 74-year-old city-based import-export trader, accusing a real estate broker from Katraj and a woman from Jaysingpur in Kolhapur district of forging documents to mortgage his 3BHK flat in Gahunje. As per the plaint, the victim's flat was mortgaged with nationalized banks in Mumbai and Pune to secure loans worth Rs2.82 crore in the FIR registered on May 13, complainant Ashok Nopany, a resident of Undri, also stated that bank officials acted in connivance to sanction loans in the second half of 2022 without verifying the authenticity of the documents furnished by the woman. This is despite the fact that the flat is held jointly in his and his daughter's name and they continue to possess the flat, the complainant broker and the woman he introduced to Nopany as his 'sister from Jaysingpur' created an account in Nopany's name with the Akurdi branch of a cooperative bank and got the loan amounts transferred two banks have now approached the Debt Recovery Tribunals (DRTs) in Mumbai and Pune, seeking possession of the same flat against which they sanctioned Rs1.42 crore and Rs1.40 crore loans, respectively. Documents provided to the DRT in Pune by one of these banks revealed the account opened in Nopany's name with the cooperative his part, Nopany has secured a stay order from a civil court in Wadgaon Maval against the attachment and auction notices issued by the banks in relation to his flat."I have also filed third party intervention pleas with the DRTs. The matters are pending for hearing," Nopany told TOI on officer and assistant inspector of the Kalepadal police, Amit Shete, said, "The suspects named in the FIR are on the run and have switched off their cell phones. Our team will be working on clues to see that they are nabbed soon. For now, a case of criminal breach of trust, cheating, forgery with an intent to use forged documents , forgery of valuable security, use of forged documents as genuine and common intention has been registered as per the provisions of the Bharatiya Nyaya Sanhita (BNS)."Nopany told TOI that in Aug 2022, he was looking for a buyer for his Gahunje flat as he was to raise money for his business. He met the Katraj real estate broker through other real estate agents. The broker evinced interest in buying Nopany's Gahunje flat. After a couple of meetings at his Undri residence, a deal was struck to sell the flat for Rs1.95 to signing an agreement for sale, the broker convinced Nopany to execute the sale agreement with his sister from Jaysingpur to secure a loan at a faster pace. A sale agreement was signed and registered with the Wadgaon Maval sub registrar's office against the payment of a Rs20,000 token to Nopany, with a promise to clear the remainder as soon as the loan is the next few months, when Nopany did not get the promised money, he started asking the broker to cancel the sale agreement. However, the latter kept insisting on waiting further to get the said, "In March 2024, representatives of one of the banks reached the Gahunje society to paste an auction notice in the woman's name on my flat. I checked with them, and they told me that the woman had defaulted on repayment of Rs1.42 crore loan against the flat mortgaged with the bank. I wondered how this could be possible and got a lawyer to secure a search report and a title report. I realised that the woman used a photocopy of the property documents I had given to the broker to create forged documents to mortgage the flat. She later transferred the sale agreement in favour of the broker."He added, "Just when I was sorting out this issue with one bank, officials from the other bank's Shivajinagar branch tried to paste another auction notice on my flat claiming recovery of Rs1.40 crore loan dues. In both the cases, the banks did not have search and verification reports and nor did they contact me before sanctioning the two loans."API Shete said, "The banks have suffered huge financial loss, but they have not registered complaints. Instead, they moved the DRTs to claim possession of the flat. We would be writing to them to submit reports as to what inquiry they have done before sanctioning and disbursing the loans and who all were part of the loan sanctioning process."
