*KARACHI – Federal Investigation Agency (FIA) has come into action afterthe sudden and suspicious fall in the Pakistani Rupee against US dollar.*
*FIA Director General Bashir Memon on Wednesday took notice of Tuesday’sstriking rupee devaluation against the US dollar.*
Following the news, the DG FIA directed officials to launch a crackdownagainst the transactions of foreign exchange reserves through hundi andhawala.
According to sources, FIA teams have been constituted in all four provincesunder investigation officers and they will initiate inquires from tonight.
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The US dollar showed an upward trend by Rs 11.70 as market opened onTuesday, however, the rate was Rs 124.25 when the market closed on Monday.
This high rate of US dollar has created an uncertain behavior in the market.
