State Bank suspends exchange company’s license

  • November 28, 2013, 6:11 pm
  • Business News
  • 133 Views

KARACHI Nov 28 (Online): The State Bank of Pakistan on Thursday suspended with immediate effect the license of M/s Gohar Exchange Company-B (Pvt) Limited till further orders on account of violations of State Bank’s rules and regulations.

“The said exchange company, its head office and branches have been debarred from undertaking any kind of business activity during the suspension period,” the central bank said in a statemenT.