In Karachi, the State Bank has taken action by revoking the license of an Exchange Company.
Bank Daulat Pakistan has promptly halted the license of M/s Royal International Exchange Company (Pvt.) Limited due to their non-compliance with State Bank rules and regulations.
Furthermore, the head office, branches, franchises, and payment booths of this exchange company are forbidden from engaging in any business activities for the duration of the suspension.
