KARACHI: The State Bank of Pakistan (SBP) on Thursday cancelled the license of an exchange company for violation the regulatory provisions.
The SBP said it cancelled the license of M/s Karwan Exchange Company ‘B’ (Pvt.) Limited on account of violations of SBP’s regulations.
The said exchange company, including its head office and branches have been debarred from undertaking any kind of foreign exchange related business activity.
