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Business & Finance Print edition: 2026-06-23

SBP cancels licence of exchange company

Published June 23, 2026 Updated June 23, 2026 05:27am
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KARACHI: The State Bank of Pakistan (SBP) has, with immediate effect, cancelled the authorization/license of M/s. Time Exchange Company (Pvt.) Limited due to serious violations of SBP’s regulatory instructions.

Consequently, M/s. Time Exchange Company (Pvt.) Limited, including its Head Office and all constituent branches, is hereby prohibited from undertaking any foreign exchange related business activities in any capacity whatsoever.

Copyright Business Recorder, 2026

SBP State Bank of Pakistan Exchange Company Time Exchange Company

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