Business & Finance Print edition: 2026-01-24

SBP cancels licence of exchange co

Published Updated

KARACHI: The State Bank of Pakistan (SBP) has, with immediate effect, cancelled the authorization/license of M/s Glaxy Exchange (Private) Limited on account of serious violations of SBP’s regulatory instructions.

The exchange company, including its head office and outlets, can no longer undertake any kind of foreign exchange related business activity.

Copyright Business Recorder, 2026