Pakistan, April 18 -- On Thursday, Federal Investigation 's (FIA) Islamabad Circle raided two offices operated by currency exchange companies in Islamabad's F-10 Markaz and Blue Area in connection to action against dollar hoarding and money laundering.
The team of the FIA seized records, foreign currency and millions of rupees in cash from the two outlets as they had been operating without a license, FIA Director Fakhar Sultan said.
The funds seized from the Blue Area exchange included 6,960 Saudi riyals, 1,000 euros, 2,640 pounds sterling, 3,100 Australian dollars, $5,030, 6,335 Emirati dirhams, 100 Qatari riyals, 401 Chinese Yuan and Rs2,483,700.
From the F-10 Markaz exchange, a sum of Rs4.3 million was also seized .
Criminal proceedi...