The Federal Investigation Agency (FIA) has confiscated a huge sum of foreign currency worth over Rs1,035,000 from an inter-city passenger bus travelling from Sukkur to Karachi, ARY News reported on Sunday.
The FIA Sukkur Deputy Director Hafeez Chachar told the media that many foreign and local currencies were recovered from an inter-city passenger bus during a raid.
Two accused persons were arrested in the raid. The recovered currencies include 147,000 Saudi riyals (SAR), 20,000 US dollars (USD) and 70 million Pakistani rupees.
The foreign currencies worth over Rs1,035,000 were seized in the action, Hafeez Chachar said. The recovered money was going to be used in hawala-hundi business, he claimed.
Crackdowns on hawala-hundi businesses
The Federal Investigation Agency (FIA) rounded up 711 accused allegedly involved in the businesses of the hawala-hundi and illegal currency exchange across Pakistan during the past 11 months.
