SBP revokes authorization of Al Sahara Exchange Company

MG News | April 01, 2026 at 04:14 PM GMT+05:00

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April 1, 2026 (MLN): The authorization of M/s Al Sahara Exchange Company (Pvt.) Ltd to operate in the foreign exchange business has been revoked, according to a press release by the State Bank of Pakistan (SBP).

The revocation was made at the request of the company itself. With the closure of its operations, Al Sahara Exchange Company is no longer permitted to conduct any foreign exchange transactions.

The move reflects SBP’s continued oversight of the foreign exchange sector and adherence to regulatory compliance.

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