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KARACHI: The State Bank of Pakistan (SBP) has suspended the authorisation of an Exchange Company of ‘B’ Category.

The State Bank has suspended, with immediate effect, the authorization of an Exchange Company –B namely M/s Usman International Exchange Company –B (Pvt) Limited till further orders due to serious violations of State Bank’s regulations and instructions.

Copyright Business Recorder, 2023

Comments

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M H . Khan Sep 09, 2023 01:54pm
Good move . keep it up . there should be zero tolerance on such acts .
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Aamir Latif Sep 09, 2023 06:10pm
Good, just close all these agencies that are black marketeers and involved in smuggling currency to Afghanistan plus hundi... It's high time to nail them
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FAISAL SHAFIQ Sep 09, 2023 08:01pm
All exchange companies should be banned, only banks should be allowed for forex exchange
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Bilal Sarparah Sep 09, 2023 10:12pm
@M H . Khan,
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Bilal Sarparah Sep 09, 2023 10:13pm
Wel.com
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