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State Bank of Pakistan Issues against Illegal FX trading brokers, Latest Update by Tani in Urdu and Hindi. Bad news for Pakistani traders, in last statement of State bank of Pakistan warns to international trading brokers for illegal payment systems. In a statement on Wednesday, the central bank refocused out that these trading platforms – similar as OctaFx, Easy Forex, etc – lure people through social media announcements to buy/ invest in their products or services. “ The products include( but not limited to) foreign exchange trading, periphery trading, contract for differences, etc, ” the statement said. “
Any person in Pakistan buying products or services of similar coastal platforms and remitting foreign exchange directly or laterally to them through any payment channel is making himself/ herself liable to be progressed against for violation of vittles of the Foreign Exchange Regulation Act 1947( FERA), ” it added. Since similar platforms are regulated neither by the SBP nor by the Securities and Exchange Commission of Pakistan( SECP), the public was advised to be careful and “ chorus from buying/ investing in products and services of similar coastal platforms to avoid any implicit loss and legal proceedings under FERA ”. all information in this future of Forex trading in Pakistan in Urdu and Hindi by Tani Forex. For more information about Forex trading business in Pakistan and SBP latest news must watch below video tutorial or join us on You tube.
