State Bank of Pakistan Suspends the Authorization of an Exchange Company

Karachi, September 25, 2023 (PPI-OT): State Bank of Pakistan has suspended, with immediate effect, the authorization of an Exchange Company Namely M/s Al-Sahara Exchange Company (Pvt.) Limited for a period of three (03) months on account of serious violations of State Bank’s regulations and instructions.

The Exchange Company, its head office, branches, franchises have been debarred from undertaking any kind of business activity during the suspension period.

For more information, contact:

Chief Spokesman,

State Bank of Pakistan (SBP)

Central Directorate

I.I. Chundrigar Road, Karachi, Pakistan

Tel: +92-21-111-727-111

Tel: +92-21-39212562

Fax: +92-21-39212433 – 39212436

Email: [email protected]

Website: www.sbp.org.pk

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