KARACHI: Two Deputy Assistant Controllers of the State Bank of Pakistan and three local business men have been sent up to the court of Mr Agha Sultan, Karachi Special Magistrate, on charges of complicity in a fraudulent exchange of foreign currency from the State Bank … to the tune of over a lakh of rupees. The accused are: Mr P.C. Chaco and Mr P. Fernandes of the State Bank … and Messrs Salim H. Mohammad, Iftikhar All Beg and Abdul Ghani, Directors of Messrs Tajar and Company.

The accused, it is alleged, were involved in a racket whereby large amounts of foreign currency were drawn from the State Bank on forged bills of entry purporting to have been made abroad.

[As reported by a staff reporter in Karachi,] the latest addition to the homeless of Karachi is the Senior Superintendent of Police of the Pakistan capital, Mr M.A. Abdullah. On his posting … he was not allotted any house. He was living under private arrangement… . … Mr Abdullah has found refuge in the PAL Hotel at the Karachi Airport. He will now look after law and order in Karachi town from Drigh Road. At present the SSP has no telephone at his ‘residence’.

Published in Dawn, January 26th, 2026