SBP Suspends License of An Exchange Company

The State Bank of Pakistan (SBP) has suspended the license of an exchange company for a period of three months for violating State Bank’s regulations and instructions.

According to the central bank, the license of M/s Money Link Exchange Company (Private) Limited has been suspended for three months.

The SBP has banned the exchange company, its Head Office, and all nine branches from undertaking any kind of business activity during the period.

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