Islamabad: The Federal Investigation Agency (FIA) has intensified its countrywide crackdown against elements involved in Hawala/Hundi and illegal currency exchange, following the directives of Director General FIA Riffat Mukhtar Raja.
According to official data, the agency has conducted 384 raids across the country so far this year, targeting networks operating in the illegal transfer of funds. As a result, 396 cases have been registered and 494 suspects arrested.
The FIA reported that a total of Rs1.49 billion has been recovered during the operations. The seized assets include over $466,000, foreign currencies valued at more than Rs230 million, and Rs1.13 billion in Pakistani rupees. Several shops engaged in illegal exchange activities were also sealed.
The spokesperson said the FIA is working in close coordination with law enforcement agencies to apprehend suspects, adding that all available resources are being deployed to dismantle these networks.
“The culprits will face strict legal action based on solid evidence, and those with international links will also be pursued,” the statement added. The FIA reaffirmed zero tolerance policy against illegal financial activities and pledged that operations would continue until the networks are completely eliminated.