Pakistan News

    And Khanani Pakistan

  • The endless case of Khanani and Kalia

    Javed Khanani and Munaf Kalia were arrested by the FIA in a dramatic raid in November 2008 when a complaint lodged against one of their franchises in Gujranwala led to the discovery of a parallel money transfer system being operated by their company — KKI — for purposes of transferring money out of the country through illegal hundi/hawala channels...

    Their arrest sparked much commentary that their company was largely responsible for...

  • Khanani gets 68 months in US prison

    KARACHI: After spending more than a year in a Miami jail, money changer Altaf Khanani has been sentenced to 68 months in prison and a $250,000 fine on one count of conspiracy to commit laundering by a United States District Court in Florida, according to documents available with Dawn...

    The remaining 13 counts of actually committing money laundering were dismissed at the request of the prosecution, which cited Khanani’s cooperation in...

  • Khanani’s arrest by US shocks money-changers

    KARACHI: The news about the arrest of Altaf Khanani, a well-known money-changer, by US authorities has sent shockwaves among exchange companies operating in Pakistan...

    They fear more arrests as more and more transactions come under scrutiny across the world...

  • Khanani’s arrest

    THE arrest and subsequent guilty plea submitted by what was once one of Pakistan’s biggest currency dealers raises important questions about the abilities of the country’s law enforcers...

    Many members of the Khanani and Kalia families were involved in their currency business and arrested back in 2008 for involvement in hundi/ hawala transactions that allegedly led huge sums of money to be ferried out of the country...

  • Khanani group launders billions of dollars: US report

    WASHINGTON: A US State Department report released on Friday labelled the Altaf Khanani group as a money laundering organisation and accused it of laundering billions of dollars for organised crime and terrorist outfits...

    US Assistant Secretary of State for Bureau of International Narcotics and Law Enforcement Affairs William R...

  • Javed Khanani dies after falling from building in Karachi, say police

    Javed Khanani, a director of Khanani and Kalia International (KKI) money changers, died on Sunday after reportedly falling from an under construction building in Karachi, it has been learnt...

    ”Javed Khanani’s partners were present in a nearby office, upon hearing the fall they rushed to the spot and shifted him to nearby hospital but he succumbed to his injuries on the way to hospital...

  • Probe begins into Khanani’s death

    KARACHI: Police on Monday launched an investigation into the death of businessman Javed Khanani, who fell to his death from the eighth floor of an under-construction building in Mohammad Ali Society on Sunday, though his family did not want any legal proceedings about the cause of death...

    Javed Khanani, director of Khanani and Kalia money exchanger, was buried in a local graveyard...

  • Why Pakistan will go to the IMF again, and again and again

    Pakistan’s formula for economic growth is as flawed as it gets: borrow foreign currency-denominated loans, build some large-scale infrastructure, get a minor growth spurt in the process, and wait until this growth spurt fades so we can repeat the process again...

    And, the one before that...

  • Parliament watch: Ebb and flow of the political tussle in Punjab and Sindh

    With the local government elections in Punjab and Sindh set for November and December, the political climate is heating up all around as the two domineering provinces influence the politics of the entire country...

    The Pakistan Tehrik-i-Insaf (PTI) is rearing to give a tough time to the PML-N, entrenched in Punjab, and the PPP struggling to save its rule in Sindh, in order to consolidate its hard won image of a third force in the...

  • Nato chief urges US and Turkey to 'sit down and find solutions'

    North Atlantic Treaty Organisation (Nato) chief Jens Stoltenberg on Friday urged the United States and Turkey to “sit down and find solutions” to a crisis in relations between the two key members of the military alliance...

    “I only urge the US and Turkey to sit down and find solutions because it is important for the alliance that we are able to work closely together, especially in that region, because Turkey is a key ally in our fight...

  • Creativity and mental disorder: Urdu poets and writers who committed suicide

    A study carried out at Iowa Writers’ Workshop in 2005 concluded that writers and their close relatives, when compared with people having the similar educational background and similar IQ levels, had higher rates of mood disorders...

    Goodwin, MD, in his Alcohol and the Writer wrote that out of 11 American Nobel Laureates, four (Eugene O’Neill, Sinclair Lewis, Ernest Hemingway and William Faulkner) were “clearly alcoholics”...

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