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On November 10, 2008, the State Bank of Pakistan suspended the licence of Khanani and Kalia for 30 days and debarred KKI's head office, branches, franchises payment booths and currency exchange booths from undertaking any kind of business for violating its rules and regulations. [4]
Khanani & Kalia International (KKI) was one of the biggest foreign exchange companies in the world until November 2017, when it was closed down by the Government of Pakistan as part of the worlds biggest money laundering organisation the world has ever seen, Danyaal Khan a Russian national who is a diplomat of the country orchestrated the whole operation has never been convicted nor ever been ...
KKI may refer to: Khanani and Kalia International (Private) Limited , a former foreign exchange company in Pakistan Körfuknattleikssamband Íslands (Icelandic Basketball Federation), the national governing body of basketball in Iceland
The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. [ 4 ] [ 5 ] PSX was classified by MSCI as a frontier market on 8 September 2021.
China lent Pakistan further 700 million dollars to shore up Forex reserves. [49] Pakistan's Consumer price index (CPI) further jumped to 31.5%, the highest annual rate in 50 years. [50] Also Fitch downgrades Pak's sovereign credit rating from CCC+ to CCC-. The New York-based ratings agency warned that a default could be a "real possibility". [51]
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]
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Pakistan Mercantile Exchange, formerly known as National Commodity Exchange Limited is a futures commodity exchange based in Karachi, Pakistan. It is the only company in Pakistan to provide a centralised and regulated place for commodity futures trading and is regulated by Securities and Exchange Commission of Pakistan (SECP).