KARACHI: The State Bank of Pakistan (SBP) has `suspended, with immediate effect, the license of M/s Al-Hameed International Money Exchange (Pvt.) Limited for the period of three months i.e. from October 24, 2017 to January 24, 2018 on account of violations of State Bank's rules and regulations'.
This was announced in a statement of the SBP issued here on Tuesday.
It further stated that `the said exchange company, its Head Office and branches have been debarred from undertaking any kind of business during the suspension period'.
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