SBP revokes exchange companies’ licenses

F.P. Report

ISLAMABAD: State Bank of Pakistan (SBP) on Monday revoked the authorization/license of M/s. PBS Exchange Company (Pvt.) Limited on account of contraventions of the relevant laws and regulations.

According to SBP news statement, the aforesaid exchange company, including its head office and outlets can no longer undertake any kind of foreign exchange related business activity.