LAHORE: In a high-level meeting, jointly chaired by Federal Minister for Interior Mohsin Naqvi and Federal Minister for Finance Muhammad Aurangzeb, here on Tuesday, it was decided to launch a comprehensive crackdown against money laundering and Hawala-Hundi operations. It was decided that strict action will be taken against major business entities involved in transferring funds abroad through illegal channels. The meeting agreed that no leniency will be shown towards individuals and organisations engaged in money laundering and Hawala-Hundi activities.In the meeting, it was further decided that funds will only be transferred abroad through banking systems and other legal channels. The participants also agreed to streamline the process of outward remittances through money changers. Addressing the meeting, the Interior and Finance Ministers reiterated that major money launderers will be brought to justice and emphasized that the business of Hawala-Hundi will not be tolerated under any circumstances. The meeting also decided to establish a joint working group comprising the State Bank of Pakistan and the Federal Investigation Agency to monitor progress on all related matters. It was also decided that screws would be tightened around big businessmen and others sending money abroad through illegal means. The SBP governor, on the occasion, briefed the participants about the system of transfer of money through banking channels. Copyright Business Recorder, 2026