KARACHI – On the request of M/s Money Link Exchange Company (Pvt.) Limited, the authorisation of the company to deal in foreign exchange business has been revoked from the date of closure of its operations.
According to the State Bank of Pakistan (SBP), the company is no longer authorised to carry out any type of foreign exchange business.
Meanwhile, Pakistan Security Printing Corporation (Private) Limited (PSPC) has announced the amalgamation of its recently acquired wholly owned subsidiary, National Security Printing Company (Private) Limited (NSPC), with and into PSPC with effect from the start of business on July 1, 2025.
As a result of this amalgamation, all assets, liabilities, rights, obligations, undertakings, and contracts of NSPC now stand amalgamated and vested permanently in PSPC. NSPC has ceased to exist as a separate legal entity from the date of amalgamation, and has been dissolved without winding up.
PSPC, which is a wholly owned subsidiary of the State Bank of Pakistan, acquired NSPC from the Federal Government. The acquisition has been carried out in order to achieve operational synergies and enhance value for the customers. This strategic integration will result in improved resource utilisation and greater coordination in the delivery of security printing services. It will also provide an opportunity to serve the customers with better, innovative products.
All stakeholders and customers of NSPC in the public and private sectors will continue to receive the services under the existing arrangements without any disruption. PSPC remains fully committed to meeting its obligations and looks forward to working with its customers to deliver high-quality products and services.
