PESHAWAR: Federal Investigation Agency’s commercial banking circle, Khyber Pakhtunkhwa zone, has arrested three alleged currency smugglers and recovered Rs10.25 million from their possession.

According to FIA officials, the accused – Arshad, Sultan Khan and Zahir Khan – were arrested during a raid in the provincial capital.

“We also confiscated Rs10.25 million, cell phones and receipts used in Hundi Hawala,” FIA deputy director Afzal Niazi told Dawn, adding a case had been registered against the accused under Foreign Exchange Regulations Act.

FIA had recently sealed four markets in Chowk Yadgar area for some of businessmen in the plazas were involved in dollar smuggling from the country.

Published in Dawn, january 7th, 2023