SBP Cancels License of Exchange Company Over Serious Violations

The State Bank of Pakistan has cancelled the authorization of Dream Exchange (Private) Limited with immediate effect over serious violations of regulatory instructions.

According to the central bank, the company is now prohibited from undertaking any foreign exchange-related business activities, including operations at its head office and all branches.

The SBP said the action was taken due to non-compliance with regulatory requirements, as part of its ongoing efforts to strengthen oversight of exchange companies and ensure adherence to financial regulations.

The move reflects the regulator’s strict stance on compliance and its focus on maintaining transparency and stability in Pakistan’s foreign exchange market.