The State Bank of Pakistan (SBP) has suspended the authorization of Islamabad Exchange Company (Pvt.) Limited with immediate effect due to violations of SBP’s rules and regulations.
In a statement issued by the central bank, it was confirmed that the company, including its head office and all authorized branches, has been barred from conducting any business activity during the suspension period.
The SBP emphasized that the suspension will remain in effect until further orders. No additional details regarding the specific violations were provided.
This action underscores SBP’s commitment to maintaining compliance and ensuring strict adherence to regulatory standards across exchange companies in Pakistan.
