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Thursday, December 12, 2024

Home Business SBP revokes exchange companies’ licenses

SBP revokes exchange companies’ licenses

by News desk
February 13, 2024
in Business

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State Bank of Pakistan (SBP) on Monday revoked the authorization/license of M/s. PBS Exchange Company (Pvt.) Limited on account of contraventions of the relevant laws and regulations.

According to SBP news statement, the aforesaid exchange company, including its head office and outlets can no longer undertake any kind of foreign exchange related business activity.—APP