SBP, FIA to take joint action against illegal forex

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Monetary Policy Committee

A high-level meeting was held between the Governor State Bank of Pakistan Jameel Ahmed and Director General Federal Investigation Agency on Tuesday, which took stock of illegal foreign exchange activities.

A comprehensive plan of action was devised against illegal foreign exchange businesses being carried out in the country, said SBP statement.

It was agreed during the meeting that concerted joint effort was required to apprehend and implicate the illegal foreign exchange operators and speculators across the country. Accordingly, SBP and FIA have jointly initiated action against illegal foreign exchange operators in the country. —APP

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