SBP revokes license of Money Masters Currency Exchange

MG News | September 02, 2025 at 07:26 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 02, 2025 (MLN): The State Bank of Pakistan (SBP) has cancelled with immediate effect the authorization and operating license of Money Masters Currency Exchange Company (Pvt.) Limited.

The regulatory action stems from serious violations of the central bank's regulatory framework governing currency exchange operations in Pakistan.

The regulatory action, issued under directive ECD/M&PRD/PR/01/2025-68, prohibits Money Masters Currency Exchange Company from conducting any foreign exchange business operations across all its locations, including the head office and branch outlets.

The license revocation means Money Masters Currency Exchange Company can no longer facilitate foreign currency transactions, provide money transfer services, operate currency exchange counters, or engage in any forex-related business activities.

This latest action indicates the central bank's zero-tolerance approach toward regulatory violations in Pakistan's financial sector.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,510.00	64,550.00 63,875.00	295.00 0.46%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	0.00 0.00	1.16 1.30%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%