Saturday, June 15, 2024, 2:00 PM
BREAKING NEWS
**Donald Trump guilty on all counts in historic criminal trial. **Former President has been found guilty on all 34 counts in his New York criminal hush money trial. **The Republican candidate has denied wrongdoing and an attorney representing him said they would file appeal. **The first-ever criminal trial of an American president. **Case centered on allegations about falsifying business records. **Trial lasted for over six weeks presumptive presidential nominee. **Trump first former president to be convicted in US history. **The trial lasted for over six weeks against the presumptive Republican presidential nominee.
Saturday, June 15, 2024, 2:00 PM
Home Business SBP suspends exchange company licence over violation

SBP suspends exchange company licence over violation

Company debarred from undertaking any kind of business activity

by NWMNewsDesk
0 comment

The State Bank of Pakistan has suspended the authorisation of Royal International Exchange Company (Pvt) Limited till further orders on violations of rules and regulations, the central bank said in a statement.

“The Exchange Company, its head office, branches, franchises and payment booths have been debarred from undertaking any kind of business activity during the suspension period,” it added.

It is the second company the central bank debarred from undertaking any kind of business activity in September as it suspended the authorisation of Usman International Exchange Company –B (Pvt) Limited till further orders on September 8.

The SBP introduced structural reforms in the Exchange Companies’ sector to strengthen governance, internal controls, and compliance culture in the sector.

banner

You may also like

In a recent breakthrough, researchers have found that the updated COVID-19 vaccine has demonstrated an impressive 95% efficacy rate against the emerging Delta variant, which has been causing widespread concern globally.

Blogs

Latest Articles

© 2023 News World Media. All Rights Reserved.