KARACHI: The State Bank of Pakistan (SBP) has decided to delink renewal of license of Exchange Companies with the inspection rating.
SBP in April 2012 linked duration of license of exchange companies with the inspection rating of the respective exchange company. SBP has decided that henceforth licenses of exchange companies will be renewed for five years from the date of expiry of the license. However, license will be renewed after giving due consideration, inter alia, to SBP inspection report, compliance status, corporate governance and financial health of the exchange company.