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.
Explosive attack on Russian consulate in France, no casualties
- 14 hours ago
Bruins' Lindholm (knee) likely out for rest of year
- 3 hours ago
Ramadan 2025 likely to start on March 2: SUPARCO
- 12 hours ago
New rainy spell expected to hit Pakistan today, says Met Office
- 14 hours ago
New Zealand's 5-wicket victory over Bangladesh ends Pakistan's semi-final hopes
- 11 hours ago
Liverpool might've just won the Premier League because Man City aren't a big-game team anymore
- 3 hours ago
The Supreme Court hears a challenge to a DEI rule that genuinely needs to go
- 2 hours ago
Champions Trophy: Bangladesh sets 237-run target for New Zealand
- 14 hours ago
Senior NAB officer found dead at Islamabad guest house
- 15 hours ago
DOGE, please go to sleep. For your health.
- 2 hours ago
Mustafa Amir Murder: Court orders authorities to present deceased on Feb 27
- 15 hours ago
Punjab CM, Army Chief attend Horse and Cattle Show closing
- 12 hours ago
