Karachi September 25 2023: State Bank of Pakistan has suspended, with immediate effect, 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 State Bank’s regulations and instructions.
The Exchange Company, its head office, branches, franchises have been debarred from undertaking any kind of business activity during the suspension period.
The Central Bank has suspended, with immediate effect, the authorization of an Exchange Company B Namely M/s Premier Exchange Company –B (Pvt.) Limited till further orders on account of serious violations of State Bank’s regulations and instructions.
The Exchange Company –B, its head office and all branches have been debarred from undertaking any kind of business activity during the suspension period.
