SBP Cancels License of an Exchange Company

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The State Bank of Pakistan (SBP) canceled Mega Currency Exchange Company ‘B’ (Pvt.) Limited permission and license due to violations of applicable laws and regulations.

The central bank stated in a statement published on Wednesday that the cancellation implies that the aforementioned exchange firm, including its head office and branches, can no longer engage in any type of foreign exchange-related commercial activity.

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Shafia

UAE Guides Writer

Shafia is focused on providing helpful guides and resources for individuals living in or moving to the UAE. From navigating local culture to understanding practical tips for daily life, Shafia offers valuable insights to help beginners and beginners adjust and thrive in the UAE.

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