SBP suspends the authorization of an exchange company of ‘B’ Category

State Bank of Pakistan has suspended, with immediate effect, the authorization of an Exchange Company –B, namely M/s Mega Currency Exchange Company –B (Pvt) Limited, till further orders due to serious violations of State Bank’s regulations and instructions.

The Exchange Company –B Category, its head office and all branches have been debarred from undertaking any business activity during the suspension period.

Posted in Banking & Insurance News.

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