SBP suspends authorization of exchange company

F.P. Report

KARACHI: State Bank of Pakistan has suspended, with immediate effect, the authorization of an Exchange Company B Namely M/s Premier Exchange Company -B (Pvt.) Limited till further orders on account of serious violations of State Bank’s regulations and instructions.

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