FIA State Bank Circle Karachi seized millions of Iranian rials while taking action against illegal foreign currency dealers.

According to the spokesperson, the operation was carried out on the instructions of Director FIA Karachi Zone Muntaz Mehdi, while the raid was conducted under the supervision of Deputy Director FIA State Bank Circle Karachi.

According to the spokesperson, the FIA ​​team conducted a raid in Kharadar area of ​​Karachi, during which the accused Muhammad Hanif, son of Umar Farooq, was arrested. According to the FIA, the accused was involved in the illegal purchase and sale of foreign currency.

During the operation, Rs 3.7 million in cash and 940 million Iranian rials were recovered from the possession of the accused. According to the FIA ​​spokesperson, during the initial investigation, the accused also confessed to being involved in illegal currency business without the permission of the State Bank.

According to the FIA, the recovered currency and mobile phone have been taken into custody, while further investigation is underway by registering FIR No. 02/2026 against the accused.

The FIA ​​spokesperson says that actions against illegal foreign currency trading and elements hostile to the economy have been further intensified.