Tuesday, July 16, 2024

Chairman ECA Pakistan Says Ready To Provide $1 Billion to Govt For Two Years

Malik Bostan, the chairman of the Exchange Companies Association of Pakistan (ECA), reportedly proposed to the cash-strapped coalition government on Wednesday to give $1 billion per month for the following two years.

The Malik Bostan declaration comes as the nation’s economy faces difficulties with regard to foreign cash.

Bostan informed the Saleem Mandviwala-led Senate Standing Committee on Finance that the ECA was prepared to provide Pakistan with $1 billion over the course of two years since the International Monetary Fund (IMF) was delaying a $6 billion rescue package by adding one condition after another.

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