Pakistan’s foreign exchange reserves cross $17 billion mark

BusinessPakistan's foreign exchange reserves cross $17 billion mark

Pakistan's foreign exchange reserves cross $17 billion mark

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.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

AUD to INR: Australian Dollar to Indian Rupee Today – 4 March 2024

0
The Australian Dollar (AUD) was trading at 54.02 as per the Indian Rupee (INR) on Monday.Currently, Indians are now the second-largest migrant group in...

USD to PKR: USD Dollar Rate in Pakistan Today – 4 March 2024

0
The US Dollar (USD) was being bought and sold at Rs 279.3 and Rs 282.2 in the Open Market against the Pakistani Rupee (PKR)...

Gold Price in Pakistan Today – 4 March 2024

0
On Monday (March 04, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 222,300.000.It's important to note that gold...

PTI decries use of force against peaceful protestors

0
Vows nation won’t rest until reclaim stolen mandate from thieves Declares fake govt of mandate thieves unacceptableISLAMABAD, Pakistan: The Pakistan Tehreek-e-Insaf (PTI)...
Abdullahpur ka Devdas drama

Abdullahpur Ka Devdas Drama Story, Cast, Where to Watch

0
Abdullahpur Ka Devdas was a much-anticipated drama serial for a long time. After a lot of wait, it has finally started premiering, starring Bilal...
Advertisement