The State Bank of Pakistan suspends the authorization of exchange companies till further orders on account of serious violations of the State Bank’s regulations and instructions.
Karachi: State Bank of Pakistan (SBP) on Tuesday revoked the foreign exchange licenses of M/s AA Exchange Company (Pvt.) Limited, M/s Glaxy Exchange Company (Pvt.) Limited and M/s Al-Hameed International Money Exchange (Pvt.) Limited.
According to the SBP news statement, SBP suspended the authorization of exchange companies till further orders on account of serious violations of the State Bank’s regulations and instructions.
All the aforementioned Exchange Companies, their head offices and all outlets have been debarred from undertaking any kind of business activity during the suspension period.
Free cancer treatment for all — and 5 other ideas to transform global health
- a day ago
The 6 big thinkers reshaping foreign aid, masculinity, and development
- 13 hours ago
Gyökeres, Isak, Sesko have struggled. What happened to the summer of strikers?
- a day ago
OL recruit Brown caps WVU pick by burning couch
- a day ago
How to deliver a baby with no supplies
- a day ago
Bose’s noise-canceling QuietComfort Headphones are more than 50 percent off
- 15 hours ago
From 'Kafir State' to key partner: Taliban’s sudden embrace of India
- 13 hours ago
Security forces kill 23 Indian-backed Khwarij in Kurram, KP:Ispr
- 14 hours ago
How 6 organizers are building effective global health solutions from the bottom up
- 13 hours ago
You can keep a child from starving for less than $100
- a day ago
A recent Switch 2 update blocks some third-party docks, but Nintendo isn’t saying why
- 15 hours ago
Google is collecting troves of data from downgraded Nest thermostats
- 15 hours ago
