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KARACHI, August 17, 2026: The State Bank of Pakistan (SBP) has cancelled the authorization and license of M/s. Al-Rahim Exchange Company (Pvt.) Limited with immediate effect due to serious violations of the central bank’s regulatory instructions.
Following the cancellation, the company, including its head office and all constituent branches, has been prohibited from conducting any foreign exchange-related business activities in any capacity.
The SBP said the action was taken in response to serious regulatory violations by the exchange company.
With the cancellation of its authorization and license, Al-Rahim Exchange Company is no longer permitted to undertake foreign exchange business under any capacity.
