SBP suspends authorization of 11 outlets of 8 ECs

MG News | January 24, 2023 at 02:10 PM GMT+05:00

0:00

January 24, 2023 (MLN): The State Bank of Pakistan (SBP) has suspended the authorization of eleven outlets of eight Exchange Companies (ECs) with immediate effect, said a statement issued by the central bank on Tuesday.

The suspension has been done for seven to fifteen days due to violations of regulatory instructions.

SBP conducted mystery shopping at the outlets of exchange companies wherein it was observed that the aforesaid outlets were refusing the sale of foreign currencies to their customers despite having the availability of the same at their counters, the statement further added.

All eleven outlets have been restricted from undertaking any kind of business activity during the suspension period, it noted.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,610.24 77.60M	0.42% 675.11
ALLSHR	98,040.42 227.18M	0.36% 354.13
KSE30	48,907.35 23.31M	0.47% 226.36
KMI30	230,150.29 20.49M	0.28% 632.25
KMIALLSHR	63,671.03 123.87M	0.30% 189.91
BKTi	44,103.21 5.19M	0.27% 118.70
OGTi	31,009.18 0.59M	0.20% 60.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,430.00	93,290.00 91,355.00	-1495.00 -1.61%
BRENT CRUDE	64.67	64.82 64.51	-0.22 -0.34%
RICHARDS BAY COAL MONTHLY	85.00	85.00 85.00	-0.55 -0.64%
ROTTERDAM COAL MONTHLY	96.45	96.45 96.45	0.00 0.00%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.45	60.70 60.31	-0.22 -0.36%
SUGAR #11 WORLD	14.71	14.88 14.63	-0.09 -0.61%