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The Malik Money Exchange Private Limited has opened its new branch in Abbottabad to facilitate the business community of the area. Talking to reporters while inaugurating the new branch in Abbottabad on Tuesday, General Manager Masood Javed has said the exchange companies are playing key role in economic development of the country.
He claimed that Malik Exchange was the first company, which had obtained "A" category licence from the State Bank of Pakistan. Starting its business in July 2004, Masood Javed said the company had so far established five branches in NWFP, nine payment booths and a franchise.
He said that efforts were under way to make all the branches online.

Copyright Business Recorder, 2006

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