SBP Revokes Exchange Firm License Amid Regulatory Violations

The State Bank of Pakistan (SBP) has taken stringent action, revoking the license of an exchange company for failing to comply with crucial regulatory instructions. This move underscores the SBP's commitment to enforcing financial discipline and combating illicit practices within the foreign exchange market. Such actions aim to enhance transparency and stability in the currency exchange sector. This could contribute to a more stable USD/PKR exchange rate, indirectly influencing local gold prices.

بحوالہ / Source: www.dawn.com