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SBP Suspend Operations of Money Link Exchange on Violation of Regulations

admin-augaf by admin-augaf
August 29, 2023
in Business, Finance, National, News
Reading Time: 1 min read
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Delay in IMF, Debt Repayments Amid Political Uncertainty Led to Rupee Depreciation – SBP
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Karachi August 29 2023: The State Bank of Pakistan has suspended, with immediate effect, the authorization of an Exchange Company, namely, M/s Money Link Exchange Company (Private) Limited for a period of three months on account of serious violation of State Bank’s regulations and instructions.

The Exchange Company, its Head Office and all nine (09) outlets have been banned from undertaking any kind business activity during the suspension period.

Tags: Dollar vs rupeeMoney exchangeSBP
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