Saturday, December 2, 2023

FIA Seals 22 Shops Involved in illegal Currency Exchange without State Bank Permission

Recently, FIA (Federal Investigation Agency) in Lahore arrested 8 people from various areas of the city, recovering a huge amount of foreign currency including US dollars.

Director FIA Zone-I Lahore Sarfaraz Khan Virk at FIA Punjab Zone office while addressing media stated, “The FIA Corporate Crime Circle Lahore team raided Sadiq Plaza Mall Road, Nabha Road, and Mouj Darya Road, checking more than 50 suspected shops and sealing 22 involved in illegal currency exchange without the permission of the State Bank of Pakistan.”

“On the special direction of the federal government, strict action has been under way against currency smugglers and 79 people have so far been arrested and 42 cases registered,” he informed.

He further said, “FIA Lahore had recovered a huge quantity of foreign currency including US Dollars, Euros, UAE Dirhams, and other currencies worth Rs324 million during the last two months.”

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