Subtitle: Genuine jewellers will not be targeted, FIA assures Sarafa Association
KARACHI, May 17 – The Federal Investigation Agency (FIA) on Saturday reaffirmed its commitment to continue an ongoing crackdown against jewellers allegedly involved in money laundering and gold smuggling, while assuring legitimate traders that lawful businesses would not face unnecessary action.
The assurance came during a meeting between senior officials of the FIA Karachi Zone and a delegation of the All Pakistan Sarafa Gems and Jewellers Association led by its President Qasim Shikarpuri.
The delegation, representing jewellers and traders from Karachi’s Sarafa Bazaar, held detailed discussions with the Director FIA Karachi Zone regarding concerns linked to a recent operation conducted in the market.
According to a statement, the FIA director welcomed the delegation and listened to concerns related to the operation, including complaints regarding the conduct of certain officials seen in videos circulating on social media.
The Association acknowledged that the FIA leadership had already taken notice of the matter and suspended the concerned officer while initiating a formal inquiry. It described the move as a transparent and accountable response demonstrating institutional professionalism.
FIA assures protection for legitimate businesses
During the meeting, the Association stated that the jewellery trade fully supports efforts against smuggling, money laundering, corruption and other financial crimes that damage Pakistan’s economy.
It said the majority of jewellers and bullion traders in Karachi are law-abiding businesses contributing to the documented economy, adding that illegal trade creates unfair competition for legitimate operators.
The FIA director assured the delegation that lawful businesses would remain protected and that action would only be taken against individuals involved in illegal activities based on verified evidence and legal procedures.
He also said the FIA would maintain open communication with the business community to address genuine complaints and concerns.
Joint commitment against financial crimes
Both sides agreed to continue constructive engagement to ensure that honest businesses are safeguarded while financial crimes are eliminated from the market.
The Association thanked the FIA Karachi Zone leadership for addressing the matter promptly and professionally and reaffirmed its support for efforts aimed at curbing smuggling and undocumented trade.