The authorization of the Money Link Exchange Company (Pvt.) Ltd. to deal in foreign exchange business has been revoked by the State Bank of Pakistan (SBP).
The authorization has been revoked on the request of the exchange company, according to the central bank.
On the request of Money Link Exchange Company (Pvt.) Ltd., the Authorization of the company to deal in foreign exchange business has been revoked from the date of closure of its operations, SBP said in a statement.
Accordingly, the company is no more authorized to carry out any type of foreign exchange business, it added.
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