SBP Grants Operational Licence to Askari Currency Exchange
Tuesday, 27 August 2024, 18:22
SBP's Support for Askari Currency Exchange
The State Bank of Pakistan (SBP) has officially issued an operational licence to Askari Currency Exchange (Pvt) Limited, a subsidiary of Askari Bank Limited. This licence enables Askari Currency Exchange to provide currency exchange services in the region.
Significance of the Licence
With this new licence, Askari Currency Exchange is set to play a vital role in enhancing the currency exchange landscape. SBP's support helps promote competition and accessibility in the currency market, fostering economic growth.
Future Prospects
- Increased Accessibility: Customers can expect improved access to currency exchange services.
- Enhanced Trust: The endorsement by SBP assures customers of reliable services.
- Market Growth: The entry of Askari Currency Exchange is expected to stimulate growth within the sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.