The printing press is the technology that is used to print the currency notes. Some countries use optical variable ink to print the money, while other countries are using traditional cyanography. Pakistan is amongst the countries that uses the traditional cyanography. It has also been used to print fake notes.
Optical Variable Ink used by India in printing Rs 2000 notes
The Reserve Bank of India (RBI) has introduced a series of new Rs 2000 notes which feature a latent image of Mahatma Gandhi. This is an effective security measure and will help in preventing counterfeiting.
The latent image is visible on the vertical band of the right side of the note. Its appearance is the same when the note is held flat, but its effect is greatly enhanced when it is tilted. Another significant feature of the new notes is the Swachh Bharat logo. This symbol is visible in fifteen different languages.
The note also contains an Electrotype Watermark. This is a tiny digits pattern that appears as a light and shade effect when it is tilted. The note also features a fluorescent ink. Fluorescent ink is not visible in daylight, but is visible under UV light.
There are various other security features on the note. These include a readable security thread, a transparent window and a micro-lettering.
Fake Notes Being Printed At Pakistan Security Press In Malir Halt, Karachi
Pakistan Security Press Corporation (PSPC), located at Malir Halt, Karachi is one of the most prominent distributors of ISI. The company manufactures security papers for banknotes, financial instruments and other documents. It was a publicly listed company on the Karachi Stock Exchange in 1967.
There is an ongoing investigation into the production of fake Indian currency notes. Anees Ibrahim, Dawood's brother and owner of Mehran Paper Mill, allegedly prints these notes. There are reports that a new series of fake notes has been printed at the security press in Malir Halt, Karachi. This is done using hi-tech Optical Variable Ink.
One of the main objectives of the special cell of the Delhi Police is to crack down on the smuggling of Fake Indian Currency Notes. The cell has busted the gang of a Fake Indian Currency Notes lord, who has been importing FICNs from Pakistan. They have also arrested several others.
Aftab Batki was an operative of D-Company. He was involved in smuggling fake currency from Pakistan to Dubai. His aides were in touch with a senior official of the Pakistan Embassy in Kathmandu.
Regulation of Printing Press and Publications
The printing press and publications in Pakistan are governed by the Press and Publication Ordinance 1962. This act enables authorities to arrest journalists and confiscate newspapers. In addition, the West Pakistan (Regulation Control) Ordinance 1969 was promulgated to check subversive material.
The Printing Presses and Publications (Declaration and Registration) Act provides a detailed list of the places where printing presses are permitted to operate. It also outlines the responsibilities of newspapers.
A permit is required to engage in printing business. This permit shall be issued on request from the publisher. Before a person is permitted to engage in printing, he must submit a declaration to a magistrate. He must also verify his identity. Moreover, he should register his business with the secret-guarding department. If his business is allowed, he must pay statutory standards.
The Press, Newspaper, News Agencies and Books Registration Ordinance, 2002 consolidated the law regarding news agencies and offset printing presses. This law extends to all the provinces of Pakistan.
Restrictions on Foreign Ownership of Newspapers
The government of Pakistan has a strong presence in the media. Through its control of newsprint and advertising, it has a powerful vested interest in controlling the press. However, the press continues to play a vital role in the country's development.
Since the early 1990s, a number of news agencies have emerged. Some are privately-owned, while others are funded by political groups. A few newspapers are independent. All leading newspapers in the country have online editions.
English-language papers tend to have a more liberal approach to the press. They also have greater leverage with the business community and upper-class opinion makers. On the other hand, Urdu-language newspapers appeal to the masses and include religious papers and party organs.
Ayub Khan, the military ruler, nationalized a significant portion of the press. In the early 1960s, he introduced the Press and Publications Ordinance (PPO), which impeded the growth of the media and curtailed freedom of expression.
This was one of the most draconian censorship methods. Journalists could be arrested, and they could face harsh punishments. It included rigorous imprisonment of up to ten years.
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