SBP Shuts Down Money Exchange Company

The State Bank of Pakistan (SBP) has officially revoked the license of M/s Money Masters Currency Exchange Company (Pvt.) Limited. This action takes effect immediately, according to the announcement.

The central bank stated that this decision implies the company, along with its main office and all branches, is now prohibited from engaging in any type of foreign exchange activity within the country, due to significant breaches of regulatory guidelines.