SBP suspends fourth exchange company in a month

MG News | September 25, 2023 at 10:13 PM GMT+05:00

0:00

September 25, 2023 (MLN): The State Bank of Pakistan (SBP) has suspended the authorization of another B category Exchange company "Premier Exchange Company –B (Pvt.) Limited" with immediate effect until further notice, 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 and all of its branches, which have been debarred from conducting any form of business activity during the suspension period.

To note, the SBP has suspended authorization of four 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	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,155.00	71,480.00 69,440.00	-205.00 -0.29%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.09	98.75 92.47	2.54 2.66%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%