KARACHI: State Bank of Pakistan, on Friday, suspended authorization of Usman International Exchange Company-B (Pvt) Limited on charges of serious violations of regulations and instructions of the central bank.
According to a statement issued here, authorization of an Exchange Company-B, namely M/s Usman International Exchange Company-B (Pvt) Limited, has been suspended with immediate effect.
The B category exchange company, its head office, and all branches have been debarred from undertaking any kind of business activity during the suspension period, it added.