Pakistan foreign exchange reserves to cross $14 billion by June 30: Dar

BusinessPakistan foreign exchange reserves to cross $14 billion by June 30: Dar

ishaq-dar

ISLAMABAD: Pakistan’s foreign exchange reserves stand at $13.52 billion while it is hoped that these will cross $14 billion by June 30, the federal minister for finance Ishaq Dar told the National Assembly on Thursday.

The finance minister said that out of the country’s foreign exchange reserves, $8.60 billion are with the State Bank of Pakistan.

Ishaq Dar further said that $310 million will be received next week as a result of transaction of 19.8 per cent shares of the United Bank Limited (UBL).

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