Canada Global(Web News) State Bank of Pakistan has suspended the licenses of 5 exchange companies for violation of rules and regulations.
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According to the statement of the State Bank, International Exchange Company, Worldwide Exchange Company, World Exchange Company, Universal Exchange Company and United Exchange Company were found guilty of serious violation of the instructions and regulations of the State Bank. According to the central bank, all the five B category exchange companies. The headquarters and subsidiary offices were stopped from business activities.
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