The State Bank of Pakistan (SBP) has cancelled the license of M/s Dream Exchange (Private) Limited with immediate effect. The decision comes after the company was found in serious violation of SBP’s regulatory instructions.

As a result, the company, along with its head office and all branches, is barred from conducting any foreign exchange business.

According to the SBP, the cancellation of the authorization means that Dream Exchange cannot carry out any operations related to foreign currency in any capacity. This step is part of the central bank’s ongoing efforts to ensure that exchange companies comply fully with regulatory standards and maintain transparency in their operations.