SBP Cancels License of PBS Exchange Company

The State Bank of Pakistan (SBP) has cancelled the license of M/s PBS Exchange Company (Pvt.) Limited on account of contraventions of the relevant laws and regulations.

Therefore, the aforesaid exchange company, including its head office and outlets can no longer undertake any kind of foreign exchange related business activity.

Here is the official circular provided by SBP:

In other news, the State Bank of Pakistan (SBP) has announced job vacancies under its ‘Training Scheme’ as the banking regulator is looking for energetic candidates for the positions of Assistant Director (OG-2). You can find complete details regarding the vacancy on the post below.

Read more: State Bank Announces Jobs Under Officer’s Training Scheme.