02/09/2026
FIA Commercial Banking Circle (CBC) Karachi conducted a targeted raid in DHA Phase-II Extension, Karachi, against an alleged illegal foreign currency network.
During the operation, four suspects were apprehended, and foreign and local currency were recovered, including USD 25,000, IRR 47 million, and PKR 50,000. FIA also seized a Suzuki Alto and five mobile phones allegedly containing digital evidence related to illegal hundi/hawala transactions.
An FIR has been registered, and further investigation is underway to trace the wider network, financial linkages, and other facilitators.
FIA Karachi continues its crackdown against illegal currency dealing and unlawful financial activities.
(FIA Karachi, Muntazir Mehdi, FIA CBC Karachi, Commercial Banking Circle, DHA Karachi, Foreign Currency, Illegal Currency Exchange, Hundi Hawala, Currency Seizure, Financial Crime, FIA Raid)