AIRLINK 56.91 Increased By ▲ 1.87 (3.4%)
BOP 6.36 Increased By ▲ 0.07 (1.11%)
CNERGY 4.08 Increased By ▲ 0.13 (3.29%)
DFML 15.85 Increased By ▲ 0.21 (1.34%)
DGKC 68.00 Increased By ▲ 2.00 (3.03%)
FCCL 17.42 Increased By ▲ 0.40 (2.35%)
FFBL 25.05 Increased By ▲ 0.60 (2.45%)
FFL 9.40 Increased By ▲ 0.40 (4.44%)
GGL 9.75 Increased By ▲ 0.31 (3.28%)
HBL 111.50 Increased By ▲ 1.50 (1.36%)
HUBC 114.02 Increased By ▲ 0.67 (0.59%)
HUMNL 6.45 Increased By ▲ 0.10 (1.57%)
KEL 4.40 Increased By ▲ 0.12 (2.8%)
KOSM 3.29 Increased By ▲ 0.17 (5.45%)
MLCF 37.35 Increased By ▲ 0.95 (2.61%)
OGDC 115.88 Increased By ▲ 2.39 (2.11%)
PAEL 22.58 Increased By ▲ 0.58 (2.64%)
PIAA 11.30 Increased By ▲ 0.11 (0.98%)
PIBTL 5.68 Increased By ▲ 0.18 (3.27%)
PPL 105.10 Increased By ▲ 2.41 (2.35%)
PRL 26.13 Increased By ▲ 0.99 (3.94%)
PTC 9.65 Increased By ▲ 0.20 (2.12%)
SEARL 53.34 Increased By ▲ 3.72 (7.5%)
SNGP 64.40 Increased By ▲ 1.55 (2.47%)
SSGC 10.95 Increased By ▲ 0.19 (1.77%)
TELE 7.10 Increased By ▲ 0.13 (1.87%)
TPLP 11.73 Increased By ▲ 0.20 (1.73%)
TRG 69.39 Increased By ▲ 1.79 (2.65%)
UNITY 20.90 Increased By ▲ 0.40 (1.95%)
WTL 1.26 Increased By ▲ 0.04 (3.28%)
BR100 6,266 Increased By 102.8 (1.67%)
BR30 21,447 Increased By 464.5 (2.21%)
KSE100 61,371 Increased By 907.1 (1.5%)
KSE30 20,615 Increased By 317.7 (1.57%)

KARACHI: The State Bank of Pakistan (SBP) has issued the no-objection certificate (NOC) to Allied Bank Limited for establishing an exchange company in the name of ABL Exchange Company (Private) Limited.

The SBP has also issued the no-objection certificate to MCB Bank Limited for establishing an exchange company in the name of MCB Exchange Company (Private) Limited.

Both the banks informed this through separate material information sent to Pakistan Stock Exchange on Friday.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Javed Mir Oct 29, 2023 02:23pm
Should we take this decision by SBP as a positive induction that these two banks have enough credibility to do business with them. ?
thumb_up Recommended (0)
Waheed ud din Oct 29, 2023 02:30pm
Let us be fair in dealing with with our economy. Is state bank sure that illegal transfer of money from the country will be stopped by this new arrangement or it is just an eye wash for general public. I believe that if rule and regulation for newly established bank foreign exchange copmpanies are the same as for privte foreign exchange companies, there will be no change in real nense except addition of new players in game.
thumb_up Recommended (0)