KARACHI, Pakistan: The State Bank of Pakistan (SBP) has suspended with immediate effect the authorization of an Exchange Company.
In a statement on Saturday, the Central Bank said that the authorization of Royal International Exchange Company (Pvt) Limited has been suspended till further orders on violations of SBP rules and regulations.
The Central Bank said that the Exchange Company, its Head Office, Branches, Franchises and Payment Booths have been debarred from undertaking any kind of business activity during the suspension period.
