SBP suspends authorisation of exchange company
By Our Correspondent
November 16, 2024
KARACHI: The State Bank of Pakistan (SBP) has suspended the authorisation of an exchange company, Islamabad Exchange Company (Pvt) Limited, with immediate effect until further orders, citing violations of SBP rules and regulations, a statement said on Friday.The exchange company, its head office and authorised branches have been debarred from undertaking any kind of business activity during the suspension period, the SBP said.
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