Business
SBP revokes three exchange companies’ licenses
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.
![SBP revokes three exchange companies’ licenses](/media/95724/conversions/SBP-July-31-1280x720.webp)
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.
-
Pakistan 2 days ago
Nawaz, Zardari standing on wrong side of history: Fawad
-
Pakistan 18 hours ago
Bad weather: Flight operations severely affected in Lahore
-
Weather 2 days ago
Weather turns pleasant after rains in Lahore, other cities
-
Weather 2 days ago
Rain likely at isolated places; humid weather to continue: PMD
-
Pakistan 1 day ago
Imran Khan candidate for chancellorship of Oxford University
-
Regional 2 days ago
Rana Sanaullah lauds UNESCO's role in sports education
-
World 2 days ago
Kamala leads Trump 44pc to 42pc in US presidential race
-
Pakistan 2 days ago
Nearly 50,000 Pakistani pilgrims go missing in Iraq: Minister