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Malik Bostan

Crypto licencing framework: ECAP seeks inclusion of exchange firms

Published 29 Apr, 2026 05:57am

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has urged authorities to bring exchange companies...

Currency dealers meet Pakistan’s crypto chief

Published 28 Apr, 2026 01:55pm

The Exchange Companies Association of Pakistan (ECAP) leadership held a meeting with Chairman Pakistan Virtual...

Smart lockdown: Malik Bostan terms govt clarification timely step

Published 01 Apr, 2026 06:04am

KARACHI: Chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan, stated that the...

In-hand cash inflows dropped by nearly 50pc due to air travel disruptions: Bostan

Updated 15 Mar, 2026 11:09am

ISLAMABAD: Pakistan’s in-hand cash inflows have dropped by nearly 50 percent due to air travel disruptions linked to...

Gul Plaza fire: CECA chief expresses grief over tragic loss of human lives

Published 22 Jan, 2026 04:57am

KARACHI: Chairman of the Currency Exchange Companies Association, Malik Muhammad Bostan, expressed deep grief and...

ECAP chairman expresses optimism about new year

Updated 02 Jan, 2026 07:07am

KARACHI: Looking ahead to 2026, Chairman of the Exchange Companies Association of Pakistan, Malik Muhammad Bostan...

Artificial appreciation of PKR to encourage imports: Pasha

Updated 13 Sep, 2023 10:58am

ISLAMABAD: “The crackdown on illegal exchange dealers and envisaged investment inflows from friendly countries has...

ECs all praise for army chief

Updated 08 Sep, 2023 09:34am

KARACHI: There are reports that exchange companies (ECs) have surrendered $ 20 million to the interbank market...

Forex buyers, sellers: Senate panel urged to remove CNIC-video condition

Updated 30 Mar, 2023 08:27am

ISLAMABAD: Exchange Companies Association of Pakistan (ECAP) Chairman Malik Bostan Wednesday suggested to the Senate...

Exchange rate: Removal of cap to inject stability into currency market: Bostan

Updated 28 Jan, 2023 12:35pm

KARACHI: The Chairman of Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan Friday said the...

SBP officials, ECAP leaders discuss USD supply

Updated 26 Jan, 2023 10:46am

KARACHI: The State Bank of Pakistan (SBP) has assured dollar supply against export of other currencies to exchange...

ECs lift cap on dollar rate

Updated 25 Jan, 2023 08:51am

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has announced removal of price cap on exchange rate...

Exchange companies set to remove ‘self-imposed price cap’ on open-market dollars

Published 24 Jan, 2023 07:46pm

Association says it will sell the foreign currency in accordance with demand-supply dynamics

Market expects Geneva pledges to help ease pressure on foreign exchange reserves

Updated 10 Jan, 2023 09:59am

KARACHI: With some $10 billion commitments in the Geneva Conference, the default risk has further reduced and the...

Rupee remains under pressure, settles at 226.15 against US dollar

Updated 27 Dec, 2022 06:58pm

Depreciates 0.15% in inter-bank market on Tuesday

Bostan explains how hundi/hawala business gets a huge boost

Published 27 Dec, 2022 07:10am

KARACH: Exchange Companies Association of Pakistan (ECAP) President Malik Bostan Monday said that black marketing of...

Bostan says Pakistan hemorrhaging dollars owing to smuggling and trade with Afghanistan

Published 26 Dec, 2022 10:01pm

KARACHI: Malik Muhammad Bostan, president of the Forex Association of Pakistan, claimed on Monday that the country...

Political instability has badly affected economy: Bostan

Published 11 Nov, 2022 06:37am

KARACHI: President of Forex Association of Pakistan Malik Muhammad Bostan has said that political instability has ...

ECs can sell 20pc inward remittances to customers: SBP

Updated 04 Nov, 2022 09:42am

KARACHI: The State Bank of Pakistan (SBP) has allowed Exchange Companies to sell 20 percent of their inward workers’...

$2,000 and above: Exchange Companies must conduct sale transactions through banking channels: SBP

Updated 24 Sep, 2022 10:37am

KARACHI: In order to further strengthen the regulatory regime for Exchange Companies and promote the banking...

Hoarding by exporters contributing to rupee's fall, dealers say

Published 18 May, 2022 04:53pm

Rule out currency's collapse is due to public demand, stress ample supply for buyers available

ECAP chairman says imposition of 16% FED will encourage public towards 'black market'

A new all-time low for Pakistan's rupee against US dollar

Updated 04 Oct, 2021 10:12pm

Currency closes at 170.8 in inter-bank market on Monday

PKR at record low due to flight of dollars to Afghanistan

Updated 16 Sep, 2021 09:22am

KARACHI: PKR dropped to a record low on Wednesday to close at 169.12 against the US dollar, a depreciation that some...

Pakistan's rupee nears all-time low after another fall against US dollar

Published 10 Sep, 2021 05:52pm

Closes at 168.02 against the dollar in the inter-bank market

PKR slide: Afghanistan situation key factor

Updated 06 Sep, 2021 11:19am

Afghanistan relies on foreign aid and after the suspension of foreign inflows the pressure on PKR has increased

PKR continues to lose ground against USD, closes at Rs165.2 in inter-bank market

Published 24 Aug, 2021 04:55pm

Pakistan's currency falls to a 10-month low

Pakistani rupee suffers slump, down to 163.67 against US dollar

Published 02 Aug, 2021 05:13pm

Currency's decline ongoing since May this year as high import payments take toll

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 16	278.17
USD PKR Interbank Buying / Jul 16	278.97
USD to Japanese Yen / Jul 17	162.42
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 16	3.55

Stock	Volume
S&P 500 / Jul 16	7,533.77
Nasdaq / Jul 16	25,881.95
Dow Jones / Jul 16	52,552.97
India Sensex / Jul 17	77,920.51
Tokyo Nikkei / Jul 17	63,896.48
Hang Seng / Jul 17	24,579.70
FTSE 100 / Jul 17	10,593.72
Germany DAX 30 / Jul 17	24,817.28
France CAC40 / Jul 17	8,343.48

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 16	18,480
Gold 10 Grams PKR / Jul 16	364,399
Petrol/Litre / Jul 17	310.71
Crude Oil USD/Barrel / Jul 17	79.10
Gold Spot USD/Ounce / Jul 17	3,989.08
Diesel/Litre / Jul 17	323.30
Cotton US¢/pound / Jul 17	78.11

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Maqbool Textile / Jul 17 Maqbool Textile Mills Limited(MQTM)	37.27 ▲ 3.39 (10.01%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.72 ▲ 9.79 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.95 ▲ 2.54 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.61 ▼ -0.98 (-27.3%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.25 ▼ -16.69 (-10%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.81 ▼ -1.2 (-9.99%)
Nadeem Tex. / Jul 17 Nadeem Textile Mills Limited(NATM)	77 ▼ -8.16 (-9.58%)
Azgard Nine (Non-Voti) / Jul 17 Azgard Nine (Non-Voti)(ANLNV)	7.54 ▼ -0.78 (-9.38%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	85,782,795 ▲ 0.17
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,049,582 ▼ -0.58
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,330,537 ▲ 2.9
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	21,918,262 ▼ -0.03
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,198,734 ▼ -0.26
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,536,542 ▼ -1.23
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,404,498 ▼ -0.3
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,314,007 ▼ -0.39
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,439,447 ▼ -0.13
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,367,016 ▲ 0.47

Malik Bostan

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