Malik Bostan says ready to provide $1bn to govt for two years.

ISLAMABAD -- Chairman of the Exchange Companies Association of Pakistan (ECA) Malik Bostan on Wednesday offered a cash-strapped coalition government of providing $1 billion monthly for the next two years, media reported.

The announcement from Malik Bostan comes as the country's economy battles challenges on the foreign exchange front.

Briefing Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwala, Bostan said that ECA was ready to provide $1bn to Pakistan for two years as International Monetary Fund (IMF) was delaying a $6 billion bailout programme by putting one after another condition.

He said that every month billions of dollars are being smuggled...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT