The FIA has constituted six teams for the purpose.
Islamabad (Pakistan Point News – 18th May, 2019) The Federal Investigation Agency (FIA) has decided to take an action against Dollar hoarders.
According to details, the FIA has decided to launch a crackdown against dollar hoarders besides the persons involved in Hawala and Hundi.
Sources said that the FIA has constituted six teams for the purpose.
The FIA assistant directors, including Sajid Amin, Tariq Masood, Ijaz Ahmed, Riaz Khan, Rana Haider and Rana Shehwaz will lead these teams.
The team will comprise four members. These FIA teams will present their performance report daily.
The value of the US dollar against the Pakistan rupee Friday hit another all-time high at Rs 150 after gaining Rs3 in the open market and at Rs149 after gaining Rs2.48 in the interbank market.
This apparent devaluation was done by the central bank as a prior action to satisfy the IMF to secure an approval of $6 billion bailout package, analysts said.
Analysts said the devaluation has added up around Rs667 billion in Pakistan's external debt, and the forex reserves also dwindled accordingly.
As the Pakistani rupee continues to devalue against the US dollar, Prime Minister Imran Khan had also ordered a crackdown against dollar against money changers companies selling dollar above market rate.
The prime minister has warned to take strict action against Currency dealers selling dollar above Rs144.
