SBP revokes license of Glaxy Exchange for regulatory violations

MG News | January 23, 2026 at 04:56 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 23, 2026 (MLN): The State Bank of Pakistan (SBP) has cancelled the authorization/license of M/s Glaxy Exchange (Private) Limited with immediate effect, citing serious violations of the central bank’s regulatory instructions.

According to a notification issued by the SBP, the decision applies to the company’s head office as well as all of its outlets.

As a result, Glaxy Exchange is no longer permitted to conduct any foreign exchange related business activities.

The central bank emphasized that the action has been taken in the interest of regulatory compliance and financial sector integrity.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,399.90 320.00M	1.59% 2696.30
ALLSHR	103,927.90 888.16M	1.29% 1323.37
KSE30	51,428.16 185.27M	1.65% 836.84
KMI30	246,743.08 136.63M	1.75% 4243.24
KMIALLSHR	67,499.94 461.75M	1.34% 890.73
BKTi	46,974.29 67.03M	1.67% 773.64
OGTi	35,183.53 7.71M	0.85% 295.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,430.00	63,505.00 63,430.00	-230.00 -0.36%
BRENT CRUDE	86.80	89.90 85.80	-3.58 -3.96%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	1.10 0.90%
ROTTERDAM COAL MONTHLY	131.00	131.00 130.00	-1.75 -1.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	84.29	87.23 83.20	-3.42 -3.90%
SUGAR #11 WORLD	13.70	13.97 13.68	-0.09 -0.65%