Advertisement
News

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.

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
News Desk

Recent Posts

Pakistan Responds to India with Border Closures, Trade Suspension, and Diplomatic Expulsions

Prime Minister Shehbaz Sharif convened a high-level meeting of Pakistan’s National Security Committee (NSC) on…

14 hours ago

Indian Soldier Detained After Border Breach as Pakistan Closes Airspace and Cancels Visas

An Indian Border Security Force (BSF) soldier has been taken into custody by Pakistan Rangers…

14 hours ago

In a First for Pakistan, Senior Malaysian Banking Delegation Explores Meezan Bank’s Model for Islamic Banking Insights

Meezan Bank, Pakistan’s first and largest Islamic bank, welcomed a high-level delegation from Malaysia to…

14 hours ago

OICCI express concerns over shipment delays and crippling financial losses due to highway blockade in Sindh

The six-day blockade of the National Highway in Sindh has brought local trade and industrial…

14 hours ago

Fertilizer Supply Disrupted: Sindh Blockades Threaten National Food Security

Pakistan’s fertilizer supply chain is facing severe disruptions as ongoing sit-ins and road blockades in…

14 hours ago

Khushhali Microfinance Bank Catalyzes Nationwide Financial Empowerment with Successful Conclusion of Pakistan Financial Literacy Week 2025

Khushhali Microfinance Bank (KMBL) successfully concluded its participation in Pakistan Financial Literacy Week (PFLW) 2025,…

14 hours ago