PR No. 293 Islamabad: November 30, 2016

The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a high level meeting today, participated by Secretary Interior, Secretary Finance, Deputy Governor of the State Bank of Pakistan, DG FIA, Chairman Federal Board of Revenue, Joint -Director Intelligence Bureau and other senior officers concerned and directed all the agencies to take strict measures immediately against criminal elements involved in the smuggling of gold and currency and take them to task as per the country’s law.

The Finance Minister said that action will be taken against forex and bullion smuggling which is detrimental to the interest of Pakistan. He said that action will also be taken against those who are behind this illegal practice.

He directed FIA, IB, Custom Intelligence and State bank of Pakistan to keep strict vigilance in this regard and all airports and other entry points should be kept under strict surveillance to curb this menace of currency and bullion smuggling.

He again dispelled the rumors about the demonization of Rs.5000 currency notes and withdrawal of Rs. 40,000 prize bonds, freezing of lockers which are being spread by the vested interest to harm the economy of the country. He further said that as clarified earlier, there is no such proposal under consideration of the government.