SBP’s suspension spree hits 3 more exchange companies

MG News | February 13, 2024 at 08:51 PM GMT+05:00

0:00

February 13, 2024 (MLN): Continuing its crackdown, the State Bank of Pakistan (SBP) suspended the authorization of three more exchange companies on Tuesday with immediate effect until further notice, according to a press release issued by the Central Bank’s external communications department.

The SBP revoked the authorization of the following private exchange companies: AA Exchange Company Limited, Glaxy Exchange Company Limited, and Al-Hameed International Money Exchange Limited.

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

All the aforementioned exchange companies, their head offices and all outlets have been debarred from undertaking any kind of business activity during the suspension period, the notice said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,517.51 456.73M	-0.18% -293.50
ALLSHR	98,448.76 882.77M	-0.24% -241.23
KSE30	50,169.05 247.97M	-0.30% -151.34
KMI30	241,192.40 220.37M	-0.66% -1611.26
KMIALLSHR	64,572.12 452.80M	-0.40% -256.88
BKTi	45,529.23 74.60M	-0.15% -69.56
OGTi	34,306.12 16.75M	-2.12% -741.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	72,210.00	72,800.00 70,650.00	735.00 1.03%
BRENT CRUDE	95.61	99.50 94.22	0.86 0.91%
RICHARDS BAY COAL MONTHLY	105.00	105.00 105.00	-0.40 -0.38%
ROTTERDAM COAL MONTHLY	105.70	110.00 105.70	-1.95 -1.81%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	97.12	102.70 95.25	2.71 2.87%
SUGAR #11 WORLD	13.95	14.30 13.90	-0.28 -1.97%