Illegal Currency Exchange Raided in Karachi; Foreign and Local Currency Worth Millions Seized

Karachi: The Federal Investigation Agency (FIA) conducted a successful raid on an illegal currency exchange operation in Karachi, recovering local and foreign currency worth millions. The raid was part of an ongoing crackdown against unlicensed money exchange activities.
According to the FIA spokesperson, the State Bank Circle Karachi, under the directives of FIA Director General Rafat Mukhtar, carried out the operation in Badr Commercial area of DHA. Two suspects, identified as Farhan and Ali Raza, were arrested during the raid.
Authorities seized approximately 14,000 US dollars, Rs. 100,000 in local currency, and two mobile phones from the suspects. Digital evidence related to illegal foreign currency transactions was also retrieved from the devices.
The arrested individuals were found operating without a valid license and failed to provide satisfactory explanations regarding the recovered currency. The FIA has launched an investigation, and further raids are underway to apprehend additional accomplices involved in the illegal exchange network.