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.
Karachi: Gul Plaza tragedy death toll rises to 26, 76 still missing
- 7 hours ago
Space sector eyes further investment growth in 2026 after record year
- 8 hours ago
PAF contingent arrives in KSA for aerial combat exercise
- 13 hours ago
High-speed train collision in Spain kills 39, injures dozens
- 12 hours ago
Djokovic reaches 100th Australian Open match win in hunt for 25th Grand Slam
- 9 hours ago
U19 Men's Cricket WC: Pakistan beat Scotland by six wickets
- 8 hours ago
Disney deleted a Thread because people kept quoting its movies at it
- 26 minutes ago
At least seven killed in Kabul hotel blast
- 8 hours ago
‘Avatar: Fire and Ash’ at number one in N.America for fifth straight week
- 12 hours ago
Kodak’s collectible Charmera is a terrible camera I somehow don’t hate
- 15 hours ago
Sindh CM announces Rs10m aid for families of Gul Plaza fire victims
- 9 hours ago
Shaban moon not sighted, first of Shaban on Wednesday
- 9 hours ago
