During a nationwide campaign targeting individuals hoarding currency, theFederal Investigation Agency in Lahore successfully seized over Rs15million in foreign currency along with Rs68.1 million in local currencyfrom suspected hoarders.
The agency apprehended three individuals, specifically Mazhar Shafqat,Zeeshan, and Salman, in a Lahore operation near Circular Road, whileefforts are ongoing to detain Azhar Shafqat, the primary suspect.
From the suspects, the FIA recovered a variety of foreign currencies,including $4,655, 16,015 Euros, 17,740 UAE Dirham, 49,362 Saudi Riyal, 790Canadian dollars, 2,650 Turkish Lira, and 4,880 British Pounds. The FIAstated that these individuals had been privately trading in currency aftertheir exchange license had been revoked, following their prior involvementin the currency market through Omega Money Exchange.
Furthermore, on September 10, the FIA Multan conducted an operation inwhich they seized SR100,000 from a suspected currency smuggler namedMohammad Aleem, who hailed from Okara, Punjab. This operation occurred atthe Ghazi Ghat checkpost in Punjab while the accused was en route toQuetta. The crackdown on currency hoarders has intensified amidst asignificant increase in the value of the dollar.
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Reports had circulated suggesting that authorities were planning to employspecial devices to scan bank lockers nationwide. However, officials fromthe State Bank of Pakistan and the FIA clarified that these reports wereinaccurate
