The State Bank of Pakistan (SBP) has revoked the licence of First National Exchange Company Limited due to repeated non-compliance with regulatory directives. These violations pertain to foreign exchange operations and reporting requirements, raising concerns about adherence to Pakistan’s financial regulations. The SBP had previously issued warnings and imposed penalties on the exchange company, but corrective actions were deemed insufficient. This cancellation highlights the central bank’s commitment to enforcing compliance within the exchange industry. The SBP stated the action was necessary to protect the integrity of the financial system and maintain public trust. Customers with dealings with First National Exchange Company have been advised to resolve their matters promptly. The move signals a stricter regulatory environment for exchange companies operating in Pakistan.