SBP suspends exchange company
KARACHI: The State Bank of Pakistan (SBP) has suspended the authorisation of an exchange company namely M/s Noble Exchange International (Pvt) Limited with immediate effect.
According to an SBP announcement made on Friday, the authorisation of the exchange company would remain suspended till further orders for violation of SBP rules and regulations.
The exchange company, its head office, branches, franchises have been debarred from undertaking any kind of business activity during the suspension period.
Federal Investigation Agency (FIA) had raided the office of the company in Lahore last month for violation of rules and regulations. During the course of investigation, Abdul Majid Munnawar, father of arrested person in connection with the raid of the company office wrote a letter to FIA, showing reservations over the investigations.
Upon the application of father of an accused, the FIA recommended to transfer the case from Lahore Punjab Zone-I to another zone to conduct fair investigations.
-
Worst Cricket Moments That Shocked The Game -
Prince Harry, Meghan Markle Reach A Crossroads: ‘You Could Lose Everything’ -
F1 Title Race: Who Will Win 2026 Drivers’ And Constructors’ Championships? -
New Observatory Sends 800,000 Asteroid Alerts In One Night -
Cher’s Son Elijah Blue Allman Apprehended On Two Counts Of Assault At Elite Prep School -
Beatrice, Eugenie Now Face Andrew, Sarah's ‘nightmares’: 'They're Hugely Conflicted' -
X Debuts Topic Filtering To Help Users Shape Their ‘For You’ Recommendations -
Scientists Built World's First Computer That Learns Like Human Brain -
Robert Carradine’s Daughter Makes Bombshell Confession As Actor's Death Cause Confirmed -
Beatrice, Eugenie Put On Blast: ‘Only Nitwits Wouldn’t See An Association With A Pedophile As Toxic’ -
OpenAI Defies Industry Pressure, Secures Guardrails Under New US Defense Department Pact -
'Sinners' Delroy Lindo Breaks Silence On BAFTA's Tourette’s Incident At NAACP Image Awards -
Billy Joel Admits Cancelling Of Tour Due To Brain Disorder 'sounds A Lot Worse' Than It Is -
US And Israeli Strikes On Iran: Everything You Need To Know -
US Strikes On Iran Ignite Emergency Push For Powers Legislation: Report -
Kelly Osbourne's Mom Sharon Receives 'shut Up' Call Accepting An Award For Late Hubby?