License of currency exchange company suspended for violation of rules and regulations

License of currency exchange company suspended for violation of rules and regulations

The State Bank has suspended the license of the local exchange company for 3 months, the license was suspended for serious violations of regulations. In the statement issued by State Bank, it has been said that local exchange company, head office, branches, franchises have been stopped from activities. Another local exchange company’s license has been…

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NADRA has restarted the process of registration of transgenders

NADRA has restarted the process of registration of transgenders

Islamabad: The National Database and Registration Authority (NADRA) has resumed the process of registration of transgenders after almost three months. It may be noted that after the Federal Sharia Court ruled against the provisions of the Transgender Persons (Protection of Rights) Act, 2018, NADRA had stopped the National Identity Card (NIC) registration of transgenders. Apart…

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Reference: Crackdown against Handi, anti-corruption letter to State Bank against 2 companies

Reference: Crackdown against Handi, anti-corruption letter to State Bank against 2 companies

In the case of Federal Investigation Agency (FIA)’s action against money exchange companies involved in reference handi and currency smuggling in Karachi, the Anti-Corruption Circle has sent a letter to the State Bank to take action against 2 companies. The letter has been written to the Director Exchange Policy Department, State Bank of Pakistan (SBP),…

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Seria will become more expensive as electricity becomes more expensive: Steel producers

Seria will become more expensive as electricity becomes more expensive: Steel producers

—File photo Secretary General of Pakistan Association of Large Steel Producers, Wajid Bukhari, says that due to the high cost of electricity, Saria will become very expensive. Secretary General Wajid Bukhari has said in his statement that Saria will become expensive from 2 lakh 88 thousand rupees per ton. He said that as factories making…

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