The State Bank of Pakistan has granted formal authorization to BIPL Exchange Company (Private) Limited for the commencement of business, clearing the way for the new exchange company to begin operations.
The approval marks a key regulatory milestone for the company, which is a wholly owned subsidiary of BankIslami Pakistan Limited.
According to an official notification issued by BankIslami to PSX, the authorization was granted following its earlier correspondence dated February 27, 2025, regarding the establishment of the exchange company.
This development is expected to support BankIslami’s expansion into the exchange services segment and strengthen its presence in Pakistan’s financial services market.
The approval comes as financial institutions continue to diversify their service offerings amid evolving market demand and regulatory oversight in the banking and exchange sectors.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
