SBP cancels licence of a currency exchange co

KARACHI: The State Bank of Pakistan (SBP) has revoked the license of M/s Money Masters Currency Exchange Company (Pvt.) Limited with immediate effect, citing serious regulatory violations.

According to the central bank, the decision means that the company, including its head office and all outlets, is no longer permitted to conduct any form of foreign exchange business in the country.

Copyright Business Recorder, 2025