Amid a sharp fall in the Pakistani rupee, the country’s intelligence agencies, backed by the army, have launched a major crackdown on illegal dollar trading in the black market. According to the Exchange Companies Association of Pakistan, this strong action targets unauthorized currency dealers to stabilize the exchange rate. Similar to measures taken in 2023, the operation involves agencies like the FIA focusing on curbing secret dollar deals at inflated rates. Since the crackdown began, many illegal traders have gone underground, and the dollar rate in the open market has already dropped by Rs. 1, signaling early success. Officials say stopping black market trading is key to strengthening the rupee, supporting the economy, and restoring public trust in legal exchange channels.