The State Bank of Pakistan (SBP) has suspended the authorization of multiple Exchange Companies of B Category due to serious violations of its regulations and instructions.
In a short statement, the central bank said that the suspension of authorization would be applicable with immediate effect. The companies are:
All the aforementioned Exchange Companies, their head offices, and all branches have been debarred from undertaking any kind of business activity during the suspension period.
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Written by the expert legal team at Javid Law Associates. Our team specializes in corporate law, tax compliance, and business registration services across Pakistan.
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