The State Bank of Pakistan has cancelled, with immediate effect, the authorization or license of M/s Glaxy Exchange (Private) Limited for serious violations of SBP regulatory instructions, and the exchange company including its head office and outlets can no longer undertake any foreign exchange-related business activity.
State Bank of Pakistan 2026-01-23
State Bank of Pakistan cancels Glaxy Exchange authorization with immediate effect for serious regulatory violations
The State Bank of Pakistan has immediately revoked the license of M/s Glaxy Exchange (Private) Limited due to serious violations of regulatory instructions, prohibiting the company and its outlets from conducting any foreign exchange-related activities.