Karachi, August 15, 2024 – Confidence-building measures could unlock $200 billion in foreign reserves for Pakistan, stated Malik Bostan, Chairman of the Exchange Companies Association of Pakistan (ECAP), at the 77th Independence Day ceremony of the Association.
Karachi, September 13, 2023 –Malik Bostan, Chairman of the Exchange Companies Association of Pakistan (ECAP), has expressed optimism that the Pakistani Rupee (PKR) may strengthen to PKR 250 against the US Dollar following a massive crackdown on currency smuggling and hoarding.
Pakistani exchange companies have demanded the government issue regulations for cryptocurrencies, in order to bring in inflows of dollars into the country.
KARACHI: Foreign exchange companies on Tuesday decided to remove cap on exchange rate, which was meant to control the dollar rate in open market.
KARACHI: The government should immediately ban trade in cash dollars to prevent depreciation in Pakistani Rupee (PKR), forex association demanded on Thursday. Exchange Companies Association of Pakistan (ECAP) in a statement claimed that an amount of around $2 billion transferred to Afghanistan which was pressurizing the foreign exchange reserves of Pakistan. READ MORE: Dollar extends […]
KARACHI: Exchange Companies Association of Pakistan (ECAP) on Tuesday said that the State Bank of Pakistan (SBP) has allowed export of dollar. “Today [August 16, 2022] the SBP issued a circular to allow export of dollar,” said Malik Bostan, Chairman, ECAP in a statement. READ MORE: Dollar falls for ten straight days against Pakistani Rupee; […]
KARACHI: Dr. Abdul Hafeez Shaikh to chair an import meeting of a committee which will also be attended by members of exchange companies association today (Tuesday) to discuss the options for strengthening the local currency. Prime Minister Imran Khan had constituted the committee suggestions submitted by Exchange Companies Association of Pakistan (ECAP). The meeting will […]
KARACHI: Prime Minister Imran Khan took notice of recent depreciation of rupee in the open market. In this regard the prime minister met a delegation of Exchange Companies Association of Pakistan (ECAP) on Wednesday at Prime Minister House. The ECAP delegation was led by Sheikh Allaudin, Malik Bostan, and Sheikh Mureed. Director General FIA, Director […]