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During June 2020, Xpress Money, a group business, had its authorisation to operate withdrawn by the UK's Financial Conduct Authority. [26] "Xpress Money Services Limited must cease carrying on all the payment services activities for which it has previously been authorised by the FCA, except to the extent as agreed with the FCA.
This page was last edited on 19 December 2024, at 03:32 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
During June 2020, Xpress Money, a Finablr business, had its authorisation to operate withdrawn by the UK's Financial Conduct Authority. [ 33 ] In July 2020, Finablr appointed Skadden Arps Slate Meagher & Flom (UK) LLP 'to enable Finablr to investigate historic potential malfeasance within the Finablr Group and any misappropriation of assets of ...
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [65]
Pakistan Customs in September 2023 conducted an intensified anti-smuggling campaign across the country, resulting in the seizure of essential commodities valued at 2.25 billion rupees. The seized items encompassed a wide range of essential goods, including sugar, urea, petroleum, currency, tires, black tea, vehicles, iron, steel, and various ...
That month Pakistan also ended a four-year streak of outflows (totaling $1.4 billion) in Treasury Bills, earning $875 million. According to Bloomberg, Pakistan's stock became the "world’s best performer", increasing 73% in the past 12-months. Treasury Bill yields became some of Asia's highest, while foreign reserves rose to a two-year high. [73]
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