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KARACHI (May 21, 2026): Chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan, has said that the continuous improvement in Pakistan’s foreign exchange reserves, growing confidence of the IMF in the current government, and the strengthening of the Pakistani rupee against the US dollar are encouraging signs for the country’s economy. He stated that the positive outcomes of the government’s economic policies have started to emerge, while foreign investors’ confidence is also gradually being restored.
Malik Bostan said that the increase in the State Bank’s foreign exchange reserves would not only reduce pressure on imports and external payments but would also further strengthen Pakistan’s relations with international financial institutions. He added that the IMF’s confidence in the current government’s economic strategy is proof that Pakistan is moving in the right economic direction.
He further said that the diplomatic efforts by Field Marshal Syed Asim Munir and Prime Minister Mian Shehbaz Sharif to ease tensions between Iran and the United States, extend the ceasefire, and promote peace in the region are commendable. Malik Muhammad Bostan stated that Pakistan has always supported peace, stability, and dialogue in the region, and these recent diplomatic initiatives have further strengthened Pakistan’s positive and responsible image globally.
The ECAP Chairman said that the reduction in regional tensions would also have positive effects on international markets, stabilize oil prices, and benefit developing economies, including Pakistan. Malik Bostan added that the improvement in the rupee’s value would help control inflation, while lower import costs would boost business activities.
Malik Muhammad Bostan further stated that the continuous increase in remittances from overseas Pakistanis, improvement in exports, and measures against illegal currency smuggling have also played an important role in stabilizing the rupee. He expressed hope that if the government, military leadership, and economic institutions continue working with the same spirit, Pakistan will soon achieve new milestones of economic stability and growth.
