The State Bank of Pakistan (SBP) has immediately revoked the authorization of M/s Al-Rahim Exchange Company (Pvt.) Limited.
According to press released issued by the SBP on Monday, the license has been cancelled over serious breaches of the central bank’s regulatory requirements.
Following the cancellation, the exchange company, including its head office and all branches, has been barred from conducting any foreign exchange-related operations in any capacity.
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