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Exchange companies allowed export foreign currencies on consignment basis

May 24, 2021May 26, 2026Mrs. Anjum Shahnawaz

KARACHI: The State Bank of Pakistan (SBP) on Monday allowed exchanged companies to export foreign currencies other than US Dollars on consignment basis.

Exchange company license may be revoked on false information

January 23, 2021January 24, 2021Mrs. Anjum Shahnawaz

KARACHI: The State Bank of Pakistan (SBP) has said it can revoke license of any exchange company in case the central bank has been provided with false, misleading or inaccurate information by or on behalf of the exchange company. According to Exchange Company Manual, the SBP has the right to revoke a license of an […]

List of approved currency exchange companies in Pakistan

October 16, 2020October 16, 2020Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) has issued list of approved currency exchange companies in the country. The SBP on Friday issued updated Exchange Companies Manual. Following is the list of exchange companies: 1. AA Exchange Company (Pvt.) Ltd. 2. Al-Hameed Int’l. Money Ex (Pvt.) Ltd. 3. Al-Rahim Exchange Company(Pvt.) Ltd. 4. Al-Sahara Exchange Company […]

SBP extends date for exchange companies providing information

April 30, 2020April 30, 2020Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) on Thursday extended the date for exchange companies to submit information of customers related to anti-money laundering (AML) and Counter Financing Terrorism (CFT). The central bank amended the Foreign Exchange Circular No. 04 dated October 14, 2019 in this regard. The SBP said that in terms of instructions given […]

SBP warns public against sale, purchase of foreign exchange with illegal money exchanges

August 24, 2019March 24, 2021Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) has warned general public against dealing of sale and purchase of foreign currency with illegal money exchanges. The central bank in an information to general public said that sale, purchase and transfer of foreign currency through Hawala/Hundi operators is illegal. The SBP said that people unknowingly may become part […]

Exchange rate remains unchanged on January 19, 2019

January 19, 2019February 15, 2024Mrs. Anjum Shahnawaz

The foreign exchange rate in Karachi remained unchanged on Saturday January 19, 2019 due to lower demand from the general public.

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