The State Bank of Pakistan cancelled with immediate effect the authorisation/licence of M/s. Al Raj International Exchange Company (Private) Limited for serious violations of SBP regulatory instructions, prohibiting the firm’s head office and all branches from undertaking any foreign exchange-related business activities in any capacity.
State Bank of Pakistan 2026-03-24
State Bank of Pakistan cancels Al Raj International Exchange Company’s authorisation to conduct foreign exchange business
The State Bank of Pakistan revoked the license of Al Raj International Exchange Company (Private) Limited due to serious regulatory violations. The firm is prohibited from conducting any foreign exchange-related activities.