SBP revokes license of Riaz Exchange after closure

MG News | March 05, 2026 at 01:54 PM GMT+05:00

0:00

March 05, 2026 (MLN): The State Bank of Pakistan (SBP) has revoked the authorization of Riaz Exchange Company (Pvt.) Ltd to deal in foreign exchange business following the company’s request for voluntary closure of its operations.

According to SBP, the authorization of the company to conduct foreign exchange business has been revoked from the date of closure of its operations.

Accordingly, the company is no longer authorized to carry out any type of foreign exchange business.

Copyright Mettis Link News

Related News

Pakistan targets $1bn AI economy with nationwide digital push

SECP opens door to Shariah-compliant digital financing

PM begins Saudi Arabia, Qatar, Türkiye visit

Name	Price/Vol	%Chg/NChg
KSE100	168,519.94 600.69M	1.74% 2885.10
ALLSHR	100,327.69 1,191.02M	1.66% 1641.75
KSE30	50,918.37 289.83M	1.86% 931.27
KMI30	243,647.50 248.34M	1.65% 3960.26
KMIALLSHR	65,555.37 626.03M	1.47% 951.47
BKTi	46,361.54 106.78M	2.02% 916.94
OGTi	34,376.44 15.73M	1.21% 412.53

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,130.00	74,900.00 73,420.00	-270.00 -0.36%
BRENT CRUDE	95.72	96.90 93.93	0.93 0.98%
RICHARDS BAY COAL MONTHLY	103.25	103.25 103.25	-0.60 -0.58%
ROTTERDAM COAL MONTHLY	103.50	103.50 103.50	-0.50 -0.48%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	92.03	93.30 86.96	0.75 0.82%
SUGAR #11 WORLD	13.60	14.03 13.51	-0.28 -2.02%