Jewelers back FIA against financial crimes

May 17, 2026 (MLN): Karachi’s jewelry trade has reaffirmed its full support for the Federal Investigation Agency (FIA) in the fight against smuggling, money laundering, corruption, and other financial crimes that harm the national economy.

The assurance was conveyed during a meeting between representatives of Sarafa Bazaar Karachi, led by All Pakistan Sarafa Gems and Jewelers Association President Qasim Shikarpuri, and the Director FIA Karachi Zone regarding issues arising from the recent operation conducted in the market, according to the press release.

During the meeting, the FIA Karachi director warmly welcomed the delegation and listened to the representatives in detail.

Concerns raised by the Association regarding the procedure adopted during the operation, as well as the conduct of certain officials appearing in social media video clips, were discussed thoroughly.

The Association noted that prior to the meeting, the FIA leadership had already taken notice of the conduct in question on its own initiative and had suspended the concerned officer while also initiating a formal inquiry.

The delegation appreciated the prompt, transparent, and institutionally accountable response of the FIA Karachi Zone leadership and acknowledged the professional and impartial conduct of the director.

The Association stated that the overwhelming majority of Karachi’s jewelers and bullion traders are law-abiding professionals who honestly contribute to the documented economy.

It added that action against a small number of illegal elements is also in the interest of legitimate businesses, as smuggling and undocumented trade not only damage the national economy but also create unfair market conditions for lawful traders.

The jewelry body assured the FIA of its full cooperation and support in eliminating such elements from the market.

In response, the Director FIA Karachi Zone assured the delegation that legitimate traders and their lawful businesses would be protected at all costs.

He further stated that action would only be taken against individuals involved in illegal activities on the basis of verified evidence and in accordance with legal requirements, while the FIA’s doors would remain open to the business community for any genuine complaints.

Both sides agreed to maintain continued and constructive engagement in the future to promote a transparent business environment where honest trade remains protected and financial crimes find no safe haven.

The Association also thanked the Director FIA Karachi Zone and his team for addressing the matter promptly, courteously, and seriously, while reiterating its commitment to stand alongside the FIA in serving the country and safeguarding the economy.

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