FIA and Intelligence Agencies to raid houses of Dollar hoarders
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The Federal Investigation Agency (FIA) and undisclosed government agencies will launch operations to search residences in an effort to combat the hoarding of US dollars.
In the government's ongoing campaign to curb the accumulation of USD, intelligence agencies will conduct house searches to recover US currency, as indicated by insider information.Sources have revealed that specific homes have been identified using data collected from currency exchange businesses. It has been reported that a network involved in hoarding US dollars at residences has come to light following the crackdown.
Sources have also stated that a list of individuals who have made significant purchases of US currency is in the possession of these agencies. The FIA and undisclosed government entities will carry out targeted residential operations, according to these sources.Individuals found to be hoarding dollars in their homes may face imprisonment, according to confidential sources.
Following actions taken against the currency hoarding network, the US dollar has depreciated by 31 Pakistani rupees in the open market. On September 1st, the dollar reached its highest value against the PKR, closing at 328 rupees
