SBP cancels Al-Rahim Exchange license
August 17, 2026 (MLN): The State Bank of Pakistan (SBP) has cancelled the authorization/license of Al-Rahim Exchange Company (Pvt.) Limited with immediate effect, citing serious violations of the central bank’s regulatory instructions. The decision deal...
August 17, 2026 (MLN): The State Bank of Pakistan (SBP) has cancelled the authorization/license of Al-Rahim Exchange Company (Pvt.) Limited with immediate effect, citing serious violations of the central bank’s regulatory instructions. The decision deals a major blow to the exchange company, as the SBP has also prohibited Al-Rahim Exchange Company, including its head office and all constituent branches, from u...