SBP cancels licence of exchange company
KARACHI: The State Bank of Pakistan (SBP) has cancelled the authorization/license of M/s Al-Rahim Exchange Company (Pvt) Limited with immediate effect due to serious violations of SBP’s regulatory instructions. Consequently, Al-Rahim Exchange Company, including its Head Office and all constituent branches, is hereby prohibited from undertaking any foreign exchange-related business activities in…
We haven't written up this one. Business Recorder has the full story — the link below goes straight to it.
