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.
Hasan Ali eyes best bowler title, but says team victory comes first
- 4 hours ago
Gold prices shatter Pakistanis' hope, reach historic high
- 4 hours ago
YouTube Music introduces 'consistent volume' feature for smoother listening
- 2 hours ago
Crisis in desert: Over 80 peacocks dead in Tharparkar, hundreds sick
- 3 hours ago
Polio team attack in South Waziristan leaves policeman martyred
- 2 hours ago
Pakistan gets second air ambulance service as Sky Wings joins mission
- 3 hours ago
Scientists warn of record snow decline in Hindu Kush-Himalayas
- 2 hours ago
Vaani Kapoor calls Fawad Khan ‘charming’, ‘made for the big screen’
- 4 hours ago
Karachi gripped by heatwave as temperature soars to 41°C
- 3 hours ago
Nationwide goods transport halted amid protest on Karachi's Super Highway
- 4 hours ago
Islamabad: Female student gunned down in International Islamic University's hostel
- 4 hours ago
Fawad Khan, Vaani Kapoor shine at Dubai music launch of ‘Abeer Gulal’
- 2 hours ago
