RAWALPINDI: Federal Investigation Agency (FIA) crackdown on networks involved in illegal currency exchange, hawala/hundi, continued as 282 suspects were arrested in 256 raids, 213 cases were registered, and Rs762.27 million were recovered so far this year.

A spokesman for the FIA said that following Director General FIA Rifat Mukhtar Raja’s instructions, measures against networks involved in illegal currency exchange and hawala hundi are ongoing. The crackdown will also be intensified against international agents involved in the purchase and sale of illegal currency, he added.

Based on information received from credible sources, FIA is conducting a vigorous crackdown on illegal foreign exchange businesses and hundi/hawala networks.

The ongoing operations aim to prevent illegal financial activities and ensure the enforcement of domestic laws, said the spokesman.

The spokesman mentioned that so far this year, 282 suspects have been arrested in 256 raids. 213 cases have been registered, and Rs 762.27 million recovered.

Additionally, several shops were sealed during nationwide raids. Assistance from law enforcement agencies was also sought to arrest the suspects.

All resources are being utilised to apprehend those involved in Hawala Hundi, the DG FIA stated.

Strict punishments will be applied to those involved in smuggling foreign currency, based on solid evidence, DG FIA emphasised.

The crackdown will also be intensified against international agents engaged in the purchase and sale of illegal currency, according to the DG.

Actions will persist under a zero-tolerance policy against networks involved in hawala hundi and illegal currency exchange. All necessary measures are being taken in accordance with the law, he confirmed.

Published in Dawn, July 26th, 2025