SBP issues licenses to 2 exchange companies, cancels licence of non-operational company

SBP has cancelled the licence of a non-operational exchange company, M/s SIBL Exchange Company (Pvt.) Limited, Karachi as the central bank declined to renew the authorisation/licence issued to M/s SIBL Exchange Company to operate as an exchange company some time ago.

SBP has also advised the company to ensure that no business is carried out in the name of the company in future.