State Bank of Pakistan Revokes Foreign Exchange License of Riaz Exchange Company
State Bank of Pakistan withdraws the foreign exchange authorization of Riaz Exchange Company (Pvt.) Ltd after the firm requests voluntary closure of its operations.
SBP Cancels Glaxy Exchange License for Serious Regulatory Violations
The State Bank of Pakistan has revoked the license of Glaxy Exchange with immediate effect due to serious regulatory violations, barring the company from conducting foreign exchange business nationwide.
SBP Cancels License of Galaxy Exchange for Serious Regulatory Breaches
State Bank of Pakistan revokes the authorization of Galaxy Exchange with immediate effect due to serious violations of regulatory instructions, barring it from all foreign exchange activities.
TouchPoint’s Cadepo Meets SBP Regulatory Standards for Cash Deposit Machines
TouchPoint’s Cadepo Cash and Cheque Deposit Solution meets the State Bank of Pakistan’s regulatory benchmark for CDMs, strengthening digital banking and cash management infrastructure.
State Bank Updates FEM Rules for Royalty, Franchise and Technical Fee Remittances
The State Bank of Pakistan has revised its Foreign Exchange Manual to simplify remittance rules for royalty, franchise and technical service fees, aiming to improve ease of doing business while ensuring regulatory compliance.
SBP Revises Maximum Remuneration Limits for Bank and DFI Directors
The State Bank of Pakistan has revised maximum remuneration limits for directors attending board and committee meetings of banks and DFIs, updating its Corporate Governance Regulatory Framework to strengthen transparency and oversight.