The State Bank of Pakistan has cancelled, with immediate effect, the authorization and license of Time Exchange Company Pvt. Limited for serious violations of its regulatory instructions, prohibiting the company, its head office and all constituent branches from conducting any foreign exchange business in any capacity.
State Bank of Pakistan2026-06-22
State Bank of Pakistan cancels Time Exchange Company license over serious regulatory violations
The State Bank of Pakistan has immediately cancelled the authorization and license of Time Exchange Company Pvt. Limited. The company, including its head office and all branches, is barred from conducting any foreign exchange business.