The Federal Investigation Agency (FIA) announced that they recovered more than Rs3.86 billion in domestic and foreign currency during this year's raids. This revelation was made during a meeting in Islamabad, presided over by DG FIA, Director General FIA Mohsin Hasan Butt. The meeting included ...

The Federal Investigation Agency (FIA) has maintained its relentless pursuit of illegal hawala hundi networks in Karachi, yielding significant results during recent operations. According to a report the FIA's efforts have led to the recovery of a total of $13,000 in illicit funds, along with two ...

In Karachi, at the residence of a businessman named Aziz Sikha in the city's Quaid area, a raid by the FIA resulted in the recovery of thousands of dollars and prize bonds. According to details, a raid was conducted at Aziz Sikha's house in Karachi's PECHS area on the night of September 26 at 8:45 ...

In the city of Rawalpindi in the Punjab province of Pakistan, foreign currency warehouse has been discovered. Eight suspects have been arrested. Federal investigative agencies, including the FIA (Federal Investigation Agency) and law enforcement agencies, conducted a raid in the Jhelum area of ...

In the heart of Karachi's Bahadurabad area, the Federal Investigation Agency (FIA) made its presence known as its anti-corruption circle executed a meticulously planned raid. Their target: an individual suspected of orchestrating intricate hawala/hundi transactions and engaging in the illicit world ...

KARACHI – The foreign exchange reserves held by the Pakistan’s central bank have further fallen by $592 million, touching the alarming level of $3,086.2 billion as the cash-strapped country has bent over backward to revive the IMF loan programme. The reserves held by the commercial banks ...

*ISLAMABAD: The federal government and State Bank of Pakistan (SBP) on Monday rebutted rumours circulating on social media regarding the seizure of Foreign Currency, Roshan Digital Accounts and Safety Deposit Lockers.* The government of Pakistan and the SBP assure all account holders maintaining ...

In Afghanistan, Taliban have imposed a complete ban on the use of foreign currency in the country. Taliban's spokesperson Zabihullah Mujahid in a statement instructed all citizens, including shopkeepers, traders, businessmen and the general public to do all transactions in Afghani currency and ...

Moody’s Investors Service (Moody’s) has upgraded the long-term foreign currency deposit ratings of 29 banks and the long-term foreign-currency issuer rating of one bank across five countries, which are Bahrain, Oman, Jordan, Pakistan, and Turkey. Moody’s has also downgraded the long-term ...

ISLAMABAD- The Foreign Exchange Rates Committeeof Financial Market Association of Pakistan issued the followingBase Rate, here on ...