Federal Information Minister Fawad Chaudhry said on Friday the Federal Government directed the Federal Investigation Agency (FIA) to launch a “full fledged operation” against dollar hoarding and speculative trade in the country.
In a tweet, the Info Minister said the said crackdown will be coordinated by the State Bank of Pakistan and Ministry of Finance.
Government has directed FIA to launch a full fledged operation against Dollar hoarding, and speculative currency trade the operation is being launched in coordination with State Bank and ministry of Finance
— Ch Fawad Hussain (@fawadchaudhry) April 5, 2019
Earlier today, the Federal Finance Minister Asad Umar assured no further currency devaluation will take place which had lost almost 25 percent of its value since 2018. The Finance Minister advised people to refrain from buying dollars and opt to invest in the stock market instead.