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SBP Cancels License of Exchange Company

The State Bank of Pakistan (SBP) has cancelled the authorization and license of Mega Currency Exchange Company ‘B’ (Pvt.) Limited on account of contraventions of the relevant laws and regulations.

In a statement issued on Wednesday, the central bank said that the cancelation means that the aforesaid exchange company, including its head office and branches can no longer undertake any kind of foreign exchange related business activity.

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