KARACHI, Mar 05 (APP):State Bank of Pakistan (SBP), Thursday, revoked the authorization of M/s Riaz Exchange Company (Pvt.) Ltd. to deal in foreign exchange business.
“On the request of M/s Riaz Exchange Company (Pvt.) Ltd., the Authorization of the company to deal in foreign exchange business has been revoked from the date of closure of its operations”, the central bank announced in a statement issued here.
Following the voluntary closure of operations, M/s Riaz Exchange Company (P) Ltd. is no more authorized to carry out any type of foreign exchange business, it added.