Malik Bostan
Malik Bostan is the head of the Exchange Companies Association of Pakistan, known for his influential role in the country's financial sector. Recently, he was in the news for meeting with the Inter-Services Intelligence (ISI) to address concerns over the rising dollar rate in the open market, attributing the issue to black market operators as a result of state restrictions on formal exchange operations.
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Recent news mentions
Malik Bostan stated that consumers purchased foreign exchange equivalent to nearly one billion dollars but did not deposit it in banks.
بینک ڈپازٹ کیلئے خریدے جانیوالے زرمبادلہ کیلئے بینک کے ذریعے ادائیگی کی شرط عائد
Pakistan· 2025-11-17Malik Bostan, President of the Forex Association of Pakistan, recently dismissed reports of a currency shortage and claimed readiness to meet demand.
Currency crunch as govt pushes dollar down - BusinessPakistan· 2025-08-07
Malik Bostan is the President of the Forex Association of Pakistan.
Banks moot on exchange rate issues called - BusinessPakistan· 2025-07-27
Malik Bostan led a delegation of exchange companies that met with a senior intelligence official to discuss concerns over dollar smuggling.
Crackdown cools dollar surge amid buying by SBP - BusinessPakistan· 2025-07-26Malik Bostan, the head of the Exchange Companies Association of Pakistan, announced a meeting with the ISI regarding the rising dollar rate.
The growing resource hunger - NewspaperPakistan· 2025-07-25
Malik Bostan announced that he met with the ISI to discuss the rising dollar rate in the open market.
The growing resource hunger - NewspaperPakistan· 2025-07-24