SBP Cancels License of Time Exchange Company Over Regulatory Violations
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SBP Cancels License of Time Exchange Company Over Regulatory Violations
The State Bank of Pakistan (SBP) has cancelled the authorization and license of Time Exchange Company (Pvt.) Limited with immediate effect over what it described as serious violations of the central bank’s regulatory instructions. In an official statement issued on Sunday, the SBP announced that the company, including its head office and all branch operations, […] The post SBP Cancels License of Time Exchange Company Over Regulatory Violations a…
SBP Cancels License of Another Exchange Company Over Serious Violations
The State Bank of Pakistan has cancelled the authorization and license of Time Exchange Company (Pvt.) Limited with immediate effect over serious violations of the central bank’s regulatory instructions. In a statement issued on Sunday, the SBP said the company, including its head office and all branches, has been prohibited from conducting any foreign exchange-related business activities in any capacity. The central bank said the action was tak…
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