Business & Finance Print edition: 2025-10-18

SBP closes operations of forex company

Published Updated

KARACHI: The State Bank of Pakistan (SBP) has announced the closure of operations of M/s Muhammadi Exchange Company.

According to the SBP, the authorisation of M/s Muhammadi Exchange Company (Pvt) Ltd to deal in foreign exchange business has been revoked from the date of closure of operations of the company. Accordingly, this company is not authorised to carry out foreign exchange business.

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