-Advertisement-

SBP Cancels License of Al-Hameed International Money Exchange

- Advertisement -

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.

- Advertisement -

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.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

13-Year-Old Student Kills Two Women in Brazil School Shooting, Authorities Say

A school shooting occurred on Tuesday in Acre state,...

Pakistani Climber Summits World’s Fifth-Highest Peak

Pakistani Mountaineer Sajid Ali Sadpara Summits Mount MakaluSajid reached...

CPEC 2.0 Prioritizes Green Growth, Industrialization, Innovation in Key Trade Hub

China's Consul General Sun Yan announced that CPEC 2.0...

Pakistan’s Power Sector Faces Policy Turbulence and System Reform Challenges

The power sector in Pakistan has been under scrutiny...
-Advertisement-