SBP suspends authorization of third exchange company in September

News Image

MG News | September 25, 2023 at 07:43 PM GMT+05:00

0:00

September 25, 2023 (MLN): The State Bank of Pakistan (SBP) has suspended the authorization of an Exchange Company "Al-Sahara Exchange Company (Pvt.)" with immediate effect for a period of three months, as per a press release issued by the external communications department of the Central Bank.

This suspension came as a result of serious violations of SBP's regulations and instructions by the aforementioned company.

The suspension also applies to its head office, branches and its franchises, which have been debarred from conducting any form of business activity during the suspension period.

To note, the SBP has suspended authorization of three exchange companies in the month of September, underscoring the central bank's commitment to ensuring compliance with regulatory standards.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 156,180.94
423.57M
0.51%
796.43
ALLSHR 95,690.82
1,354.89M
0.59%
557.25
KSE30 47,714.39
199.12M
0.52%
247.40
KMI30 229,722.09
134.66M
0.91%
2076.87
KMIALLSHR 64,420.07
581.33M
0.83%
532.01
BKTi 41,969.52
122.61M
0.50%
207.74
OGTi 31,991.76
10.82M
1.18%
372.62
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,750.00 117,495.00
116,715.00
-340.00
-0.29%
BRENT CRUDE 68.32 68.59
68.32
-0.15
-0.22%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.35 93.50
93.15
0.50
0.54%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.39 64.67
64.38
-0.13
-0.20%
SUGAR #11 WORLD 15.88 16.10
15.82
-0.12
-0.75%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg