The State Bank of Pakistan (SBP) on Tuesday canceled the license and permits of two exchange companies for serious violations of the central bank’s regulatory instructions, barring them from carrying out any foreign exchange-related business activities.
KARACHI (UrduPoint / Pakistan Point News – 24th Mar, 2026) The State Bank of Pakistan (SBP) on Tuesday canceled the licenses and permits of two exchange companies for serious violations of the central bank’s regulatory instructions, barring them from carrying out any foreign exchange-related business activities.
SBP, through separate statements issued herein, informed that the authorization/licences of Dream Exchange (Private) Limited and M/s. Al Raj International Exchange (Pvt) Limited has been canceled, with immediate effect, due to serious violations of the regulatory instructions of the Bank of Sharjah Pakistan.
He added that, accordingly, exchange companies, including their main offices and all their constituent branches, were prohibited from carrying out any commercial activities related to foreign exchange in any capacity.