2 new directorates of FIA set to crack down on economic crime
A photo of FIA office from outside. File Photo
A photo of FIA office from outside. File Photo
LAHORE (Web Desk): The FIA has created two new directorates for anti-money laundering and economic crime, aiming to modernize investigations and meet global standards.

The Federal Investigation Agency (FIA) has launched two new units as part of a major internal restructuring. These include the Directorate of Anti-Money Laundering (DAML) and the Directorate of Economic Crime (DEC).

Officials say the move is designed to strengthen the FIA’s ability to investigate complex financial crimes. The new directorates will focus on money laundering, banking fraud, and other economic offences.

According to the FIA, both units are equipped with modern technology to improve monitoring and investigation methods. The goal is to ensure cases are handled more efficiently and in line with international best practices.

An FIA spokesperson said this step will help build a more effective and modern investigative system. It also aims to further strengthen Pakistan’s anti-money laundering framework.

Also Read: 11th NFC Award moves ahead as govt forms key panels          

The development comes at a time when Pakistan is under increased international scrutiny over governance and corruption. The International Monetary Fund has repeatedly highlighted corruption as a serious challenge for the country.

In its Governance and Corruption Diagnostic Assessment, the IMF warned that corruption harms economic growth and public trust. It urged Pakistan to improve transparency and quickly implement wide-ranging reforms.

The assessment is a key requirement before the IMF Executive Board approves the next $1.2 billion disbursement. The Fund noted that weak control over corruption affects public spending, revenue collection, and confidence in the justice system.

The IMF also pointed out that while corruption exists at all levels, the most damaging cases involve powerful entities influencing major economic sectors, including state-linked institutions.