SBP cancels licence of Exchange Company

Staff Reporter

Karachi—The State Bank of Pakistan has cancelled, with immediate effect, the license of M/s East West Exchange Company-B (Pvt.) Limited.
According to SBP, M/s East West Exchange Company-B (Pvt.) Limited requested for voluntary liquidation. The said exchange company, its head office and branches have been debarred from undertaking any kind of foreign exchange business.

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