ISLAMABAD, Pakistan: The Federal Finance Minister Ishaq Dar has said that the country’s forex reserves have crossed $17 billion, terming it the fulfillment of another promise made by the Pakistan Muslim League-Nawaz (PML-N)-led federal government.
In a statement, the finance minister felicitated the nation on the milestone.
Separately, while briefing the US-Pakistan Business Council in Washington about Pakistan’s economic situation, the finance minister said that the government is giving top priority to attract foreign investment.
The minister assured that the government was keen to resolve all genuine issues of the investors. He said that it is not possible to achieve higher growth target without increasing investment to gross domestic product (GDP) ratio in the economy.
The finance minister said that the economic indicators are on the positive trajectory and tax revenue has increased.
Ishaq Dar said that the State Bank of Pakistan reserves are over $11.8 billion while Commercial Banks reserves are around $5.1 billion.
Furthermore, he expressed confidence that the balance of payments position will improve further and the current account deficit will be brought to under one per cent of GDP.