SBP Cancels License of Al-Hameed International Money Exchange

The State Bank of Pakistan (SBP) has revoked the authorization/license of M/s Al-Hameed International Money Exchange (Private) Limited, effective December 9, 2024.

The cancellation, under the Foreign Exchange Regulations Act, 1947, follows violations of applicable laws and SBP regulations.

As a result, Al-Hameed International Money Exchange, including its head office and all outlets, is prohibited from conducting any foreign exchange-related business activities.