SBP suspends authorization of Money Link Exchange Company

By MG News | August 29, 2023 at 08:55 PM GMT+05:00

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August 29, 2023 (MLN): The State Bank of Pakistan (SBP) has suspended the authorization of Money Link Exchange Company (Private) Limited for a period of three months on account of a serious violation of the State Bank’s regulations and instructions with immediate effect.

The Exchange Company, its Head Office and all nine outlets have been banned from undertaking any kind of business activity during the suspension period.

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