SBP cancels licence of exchange company

Business Recorder reported that the State Bank of Pakistan (SBP) has revoked the authorisation of Al-Rahim Exchange Company (Pvt) Limited, effective immediately. The central bank acted because of grave breaches of its regulatory directives by the firm. The report, published on 18 August 2026, provides no further details of the violations.

The prohibition covers the head office and all branches of the firm, which may not take part in any foreign exchange activity in any role. The restriction applies across the whole network rather than to a single location, so no outlet can deal in foreign currency. The story describes an action against one exchange company and does not name any PSX-listed firm or sector.