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Pakistani, foreign currencies worth billions recovered during plaza raid in Rawalpindi

11:08 AM | 18 Sep, 2023
Pakistani, foreign currencies worth billions recovered during plaza raid in Rawalpindi
Source: File Photo

RAWALPINDI – Amid a widespread crackdown against currency hoarders, Federal investigators conducted a raid in Rawalpindi and recovered 13 lockers filled with cash worth billions.

FIA conducted the raid at an under-construction plaza in the Shamsabad region of the garrison city.

During the raid, more than a dozen latest computerised lockers were found in which piles of local and foreign currencies were stored. Two people were also held in connection with these operations.

It was reported that the FIA wing continued surveillance of the premises for two weeks before conducting the operation. After getting into the premises, the FIA team found a suspicious wall that led them to the existence of an empty space behind the wall, which was then smashed to take out a small secret door. On entering through the door, huge iron lockers were found along the wall.

Federal Investigation Agency team also recovered the latest security systems and CCTV cameras on the premises.

FIA, with the help of local police, shifted the cash and other items and a preliminary report has been sent to the higher authorities.

Meanwhile, the owner of the premises Sheikh Iftikhar Adil, editor-in-chief of daily Asas, told the media that currency saved in the lockers was business transactions and he gave the money trail to the Federal Investigation Agency.

He turned down claims of the private bank being operated in his plaza, saying money claimed to be exported was business cash, the money trail of which has been provided.

Daily Pakistan Global Web Desk


Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76


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