The State Bank of Pakistan (SBP) on Wednesday revoked the authorisation of Al Sahara Exchange Company at the company’s request.
“On the request of M/s. Al Sahara Exchange Company (Pvt.) Ltd., the Authorization of the company to deal in foreign exchange business has been revoked from the date of closure of its operations”, reads a statement issued by the central bank.
Accordingly, the company is no longer authorised to carry out any type of foreign exchange business.
SBP’s foreign reserves increase by $22 million to $16.37 billion
