Licence of East West Exchange Company cancelled

Author: By Our Special Correspondent

KARACHI: State Bank of Pakistan has canceled the license of M/s East West Exchange Company-B (Private).

According to Central Bank statement issued on Tuesday, the East West Exchange Company-B had requested for voluntary liquidation. Therefore, the State Bank has cancelled, with immediate effect, the license of East West Exchange Company-B.

The exchange company, its head office and branches have been debarred from undertaking any kind of foreign exchange business.

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