The Federal Investigation Agency (FIA) said the action was part of a countrywide campaign against unlicensed money dealers and financial crimes.

An official said the operations were carried out on the directions of FIA Director General Rifat Mukhtar Raja to break illegal money networks.

During the year, FIA conducted 523 raids, registered 546 cases, and completed investigations into 174 inquiries linked to hawala and hundi activities.

The raids led to the recovery of local and foreign currency, including US$777,868, other foreign currencies worth over Rs320,000,000, and more than Rs1,450,000,000 in Pakistani currency.

Arrests were made across several regions, including 199 in Peshawar, 120 in Balochistan, 101 in Karachi, and 58 in Lahore.

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Additional arrests were recorded in Multan, Kohat, Islamabad, Faisalabad, and Hyderabad.

The FIA said the suspects were involved in illegal currency exchange without valid licences, while several plazas, markets, and shops were sealed.

The agency added that the raids were conducted with support from other law enforcement bodies.

FIA said strict legal action would continue, and international agents linked to illegal currency trade are also being tracked.

The crackdown shows strong enforcement. Illegal money flows hurt the economy. Wider arrests signal zero tolerance. The action may improve financial trust.