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Tuesday, December 17, 2024

Home Business SBP suspends authorization of Al-Sahara Exchange Company

SBP suspends authorization of Al-Sahara Exchange Company

by Staff Report
September 25, 2023
in Business, Pakistan

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KARACHI – The State Bank of Pakistan has suspended the authorization of an Exchange Company Namely M/s Al-Sahara Exchange Company (Pvt.) Limited for a period of three (03) months on account of serious violations of central bank’s regulations and instructions.

The Exchange Company, its head office, branches, franchises have been debarred from undertaking any kind of business activity with immediate effect.