The State Bank of Pakistan has revoked M/s. Muhammadi Exchange Company (Pvt.) Ltd.’s authorization to conduct foreign exchange business with effect from the date its operations were closed, meaning the company is no longer permitted to deal in foreign exchange.
State Bank of Pakistan 2025-10-17
State Bank of Pakistan revokes Muhammadi Exchange Company’s foreign exchange authorization following closure of operations
The State Bank of Pakistan has revoked the authorization of M/s. Muhammadi Exchange Company (Pvt.) Ltd. to conduct foreign exchange business. The company is no longer permitted to deal in foreign exchange following the closure of its operations.