Askari Currency Exchange Pvt Limited Granted Certificate of Incorporation

Karachi, In a recent development reported to the Pakistan Stock Exchange, Askari Currency Exchange Pvt Limited, a subsidiary of Askari Bank Limited, has been granted a Certificate of Incorporation by the Securities & Exchange Commission of Pakistan (SECP). This follows the issuance of a No Objection Certificate by the State Bank of Pakistan, as stated in a prior communication dated March 25, 2024, regarding the company’s establishment.

According to the announcement, this step comes after the approval from the State Bank of Pakistan, paving the way for the next stages in the regulatory process. The company is now set to submit an application to the State Bank of Pakistan to obtain a license to commence operations in accordance with the SBP Exchange Companies Manual. The TRE Certificate Holders of the Exchange have been advised of these developments.