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SBP Cancelled License of Currency Exchange Company on Contravention of Regulation

admin-augaf by admin-augaf
May 4, 2023
in Business, Finance
Reading Time: 1 min read
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Karachi May 4 2023: The State Bank of Pakistan (SBP) on May 03, 2023 has cancelled the authorization/license of M/s. Mega Currency Exchange Company ‘B’ (Pvt.) Limited on account of contraventions of the relevant laws and regulations.

Therefore, the aforesaid exchange company, including its head office and branches can no longer undertake any kind of foreign exchange related business activity.


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