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Foreign exchange reserves are around $16 billion: Dar

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Foreign exchange reserves are around $16 billion: Dar

ISLAMABAD, Pakistan: The federal minister for finance Ishaq Dar has said that the country’s foreign exchange reserves are around $16 billion.

In his address at a conference on “change of base of price indices” organized by Pakistan Bureau of Statistics in collaboration with the World Bank in Islamabad on Wednesday, the minister said that positive economic indicators reflect the growing strength of the national economy.

The finance minister said that inflation has been controlled through firm measures. He said that the sensitive price index has also shown a major decline over the last one year.

The minister said that the successful sixth International Monetary Fund (IMF) quarterly review was a testament to the policies of the government.

Ishaq Dar, Olson discuss release of two CSF tranches

The United States ambassador to Pakistan Richard Olson called on the finance minister in Islamabad on Wednesday and discussed with him the recent release of two Coalition Support Fund (CSF) tranches of $716 million to Pakistan.

The envoy said that the matters regarding import of live cattle from the US to Pakistan had also been settled with the relevant authorities.

During the meeting, the two sides also discussed matters regarding the ongoing rehabilitation work for temporarily displaced persons (TDPs) and flood affectees.

Asad Haroon
A netpreneur, blogger and above all; A Human 🙂 Asad tweets from @aghaasadharoon and can also be approached on Google+

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