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All Stories: Exchange Companies

SBP issues new regulatory framework for exchange companies

The State Bank of Pakistan has issued a new regulatory framework for exchange companies, effective from January 1, 2025, ARY News reported. According to reports,...

SBP suspends authorisation of five currency exchange companies

KARACHI: The State Bank of Pakistan (SBP) on Wednesday suspended with immediate effect the authorisation of five Exchange Companies due to violation of regulatory...

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 crackdown and deployment of plain-clothed law enforcement personnel at...

Exchange companies remove ‘dollar cap’ to abolish grey market

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has decided to remove the cap on the US dollar in a bid to end ‘artificial’...

SBP shuts four branches of two exchange companies

The State Bank of Pakistan (SBP) shut down four branches of two different foreign exchange companies on Wednesday, ARY News reported.  According to details, the...

SBP announces strict measures for foreign currency outflow

KARACHI: In order to enhance transparency in the foreign currency transactions by exchange companies and to curb undesirable outflow of cash foreign currency, the...

SBP eases SRL requirement for exchange companies

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

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 all kinds of dollar notes, citing sources ARY News...
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