Exchange Companies

SBP suspends authorisation of five currency exchange companies

KARACHI: The State Bank of Pakistan (SBP) on Wednesday suspended with immediate effect the authorisation… Read More

Dollar rate drops: Plain-clothed officials deployed at exchange companies

KARACHI: The US Dollar (USD) rate goes down in the open market after an administrative… Read More

Exchange companies remove ‘dollar cap’ to abolish grey market

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has decided to remove the cap on… Read More

SBP shuts four branches of two exchange companies

The State Bank of Pakistan (SBP) shut down four branches of two different foreign exchange… Read More

SBP announces strict measures for foreign currency outflow

KARACHI: In order to enhance transparency in the foreign currency transactions by exchange companies and… Read More

SBP eases SRL requirement for exchange companies

The enhanced liquidity will enable exchange companies to further channelise home remittances and foreign exchange Read More

SBP directs banks, exchange companies to accept all dollar notes

KARACHI: State Bank of Pakistan (SBP) has instructed money exchange companies and banks to accept… Read More