Karachi: The State Bank of Pakistan (SBP) has, with immediate effect, cancelled the authorization/license of M/s. Al-Rahim Exchange Company (Pvt.) Limited due to serious violations of SBP’s regulatory instructions.
Consequently, M/s. Al-Rahim Exchange Company (Pvt.) Limited, including its Head Office and all constituent branches, is hereby prohibited from undertaking any foreign exchange-related business activities in any capacity whatsoever.
