Economics & Business

Khanani, Kalia’s license suspended

KARACHI: License of Khanani & Kalia Exchange Company, allegedly involved in the country’s biggest financial scam, has been suspended indefinitely from December 10. Talking to newsmen, spokesman of State Bank of Pakistan (SBP), Syed Wasimuddin pointed out that no business activity including money transactions would be taken place at the Company’s head office, branch offices or any of its franchises.

This latest move of the government came after the director of the company was arrested when charges of money laundering and illegal transfer of money were made against the company.-SANA

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Noreen Gill

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