Two held in crackdown against dollar hoarding
FIA seizes local and foreign currency worth Rs40m from the suspects in LahoreLAHORE: The Federal Investigations Agency (FIA) Lahore arrested two suspects on Sunday over charges of dollar hoarding and money laundering and seized local and foreign currency worth Rs40 million from their custody. The officers formed six teams to launch a crackdown against dollar hoarding. Govt tightening noose around ‘dollar hoarders, speculators’: FawadThe government recently announced that it was launching a crackdown on those involved in dollar hoarding and speculative currency trade. Finance Minister Asad Umar told reporters that speculations in the local money market had depreciated the rupee against the greenback. The rupee has dropped 33.7% in a free-fall against the dollar since December 2017.
Source: The Express Tribune April 07, 2019 18:56 UTC
