SAHIWAL: A team of cybercrime wing of the Federal Investigation Agency (FIA) arrested two suspects allegedly involved in illegal dollar trading through internet.

As per official sources, the FIA team conducted a raid on a private building located at College Chowk, from where the alleged illegal transactions were being made.

The sources said FIA Faisalabad Sub-Inspector Iram Shah led the team that arrested suspects Abdul Jabbar and Islam Mujahid, both residents of 86/6 R village.

The suspects were being interrogated to bust the entire network involved in the illegal business, they said, adding four smartphones containing numbers with international dialing codes allegedly used for illegal transactions have also been recovered during the raid.

FIA sources told Dawn the use of smartphone application for trading was not allowed under the State Bank of Pakistan Rules.

They said the FIR No 105/2023 had been registered against the suspects under sections 109, 419, 420 of the Pakistan Penal Code (PPC) and different sections of Foreign Exchange Regulation Act (FERA) -1947, Amended 2020 on the complaint of Iram Shah.

It is said the FIA team is also investigating four other suspects -Rehman, Ali Nauman, Rizwan and Zeeshan Ali.