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.
Actor Humaira Asghar contacted 14 people in last phone calls on Oct 7: police
- 10 hours ago
Gold falls by Rs700 per tola as global rates drop
- 8 hours ago

TCP revises sugar import tender amid IMF concerns
- 10 hours ago

Indonesia lauds Pakistan’s counter-terrorism efforts
- 6 hours ago
Govt increases petrol price by Rs5.36, HSD by Rs11.37
- 2 hours ago
Zardari, Shehbaz discuss country’s political, security, economic situation
- 6 hours ago

Divided court clears way for Trump to cut education department jobs
- 7 hours ago

FIA arrests human smuggling suspect in Karachi
- 7 hours ago
Severe heatwave claims 1,180 lives in Spain in two months
- 10 hours ago

Rescue underway after boat capsizes in Indonesia
- 8 hours ago
Pakistan, China keen to further deepen relations in all areas: Gen Sahir Shamshad Mirza
- an hour ago

Oldest marathon runner Fauja Singh dies at 114 in hit-and-run
- 5 hours ago