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Business & Finance Print edition: 2022-10-28

SBP suspends authorization of ‘B’ Category EC

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KARACHI: The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of an ‘B’ Category Exchange Company M/s Mega Currency Exchange Company Limited till further orders due to serious violations of the State Bank’s regulations and instructions.

M/s Mega, its head office and all branches have been debarred from undertaking any kind of business activity during the suspension period.

Copyright Business Recorder, 2022

SBP Exchange Company business activity

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