Cancellation of Authorization /License issued to M/s Mega Currency Exchange Company ‘B’ (Private) Limited

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Karachi, May 05, 2023 (PPI-OT): The State Bank of Pakistan (SBP) on May 03, 2023 has cancelled the authorization/license of M/s. Mega Currency Exchange Company ‘B’ (Pvt.) Limited on account of contraventions of the relevant laws and regulations. Therefore, the aforesaid exchange company, including its head office and branches can no longer undertake any kind of foreign exchange related business activity.

For more information, contact:

Chief Spokesman,

State Bank of Pakistan (SBP)

Central Directorate

I.I. Chundrigar Road, Karachi, Pakistan

Tel: +92-21-111-727-111

Tel: +92-21-39212562

Fax: +92-21-39212433 – 39212436

Email: chief.spokesperson@sbp.org.pk

Website: www.sbp.org.pk