SBP revokes Al-Hameed Money Exchange license

By MG News | Category Central Bank | December 09, 2024 at 06:27 PM GMT+05:00

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December 09, 2024 (MLN): The State Bank of Pakistan (SBP) on December 09, 2024, has canceled the authorization/license issued to Al-Hameed International Money Exchange (Private) Limited under the Foreign Exchange Regulations Act, 1947 on account of contraventions of the applicable laws and SBP’s regulations.

Therefore, the aforesaid exchange company, including its head office and outlets can no longer undertake any kind of foreign exchange-related business activity.

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