Pakistan’s foreign exchange reserves cross $10 billion: Dar

BusinessPakistan's foreign exchange reserves cross $10 billion: Dar

Pakistan's foreign exchange reserves cross $10 billion: Dar

WASHINGTON: The federal minister for finance Ishaq Dar has said that the foreign exchange reserves of the country have crossed $10 billion mark.

Dar, who is presently on a visit to the United States, told this in a meeting with the US Deputy Secretary Treasury Sarah Bloom Raskin in Washington while briefing her about Pakistan economic recovery plan.

The finance minister noted that fiscal deficit is well below the target and inflation is down to single digit. He said that stock market is booming and has reached the 29,000 mark.

Ishaq Dar said that the federal government has taken bold reforms in energy sector to overcome energy shortage. He said that the government cleared circular debt and added 1,700 MW electricity to the national system which resulted in growth in large scale manufacturing.

The deputy secretary congratulated the finance minister on a very successful launch of the Eurobond and appreciated strong economic recovery plan.

Must read

Recent News

Global peace today is confronted with ever evolving threats and challenges, says COAS Gen Asim Munir

Global peace is confronted with ever-evolving threats and challenges, says COAS Gen Asim Munir

0
Islamabad, Pakistan: General Syed Asim Munir, Chief of Army Staff (COAS) has said that global peace today is confronted with ever-evolving threats and challenges.He...

Pakistan conducted a successful test-fire of ballistic missile by a Navy ship

0
Islamabad, Pakistan: Pakistan has conducted a successful test-fire of an indigenously developed ballistic missile by a Navy ship, reports DND News Agency from Islamabad.The...
The author Dr. Attia Anwar is a consultant family physician with a postgraduate degree from the Royal College of GP UK. She is a strong advocate of health and well-being and wants patient participation in decision-making regarding health.

Altruism is new egotism

0
By Dr Attia AnwarKindness is another thing that makes your life better. It is very important for the pursuit of happiness. After expressing gratitude...
Iranian Foreign Minister Seyed Abbas Araghchi has arrived in Pakistan today on a two-day official visit and he will hold meetings with civil and military leadership of Pakistan. This is his first visit to Pakistan after Israel attacked Iran in response to Iranian attack on certain Israeli cities. His meetings with Prime Minister Muhammad Shehbaz Sharif and Deputy Prime Minister / Foreign Minister Senator Mohammad Ishaq Dar are confirmed. Foreign Minister Araghchi will hold consultations on the situation in the Middle East and Pakistan-Iran bilateral relations. This visit provides an important opportunity to advance cooperation and dialogue between Pakistan and Iran on a wide range of areas including trade, economic, energy and security.

Iranian Foreign Minister Seyed Abbas Araghchi has arrived in Islamabad

0
Islamabad, Pakistan: Iranian Foreign Minister Seyed Abbas Araghchi has arrived in Islamabad today on a two-day official visit and he will hold meetings with...
War Model Criminal Justice Model Punitive Justice System and Restorative Justice System

Anti-Terrorism (Amendment) Bill 2024: Can Pakistan mitigate terrorism only with the ‘War Model’?

0
DND ReportThe re-emergence of terrorism in Pakistan is now obscuring Pakistan’s potential to become an investment-oriented destination. Today, Pakistan depends upon the ‘War...
Advertisement