The State Bank of Pakistan (SBP) has cancelled the authorization/license of M/s. PBS Exchange Company (Pvt.) Limited.
In a brief statement issued on Monday, the central bank said that measure has been taken on account of contraventions of the relevant laws and regulations by the company.
It further said that the aforesaid exchange company, including its head office and outlets can no longer undertake any kind of foreign exchange related business activity.
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