Pakistan’s foreign exchange reserves have crossed US$ 20 billion on Thursday which is a new all time record for the country. These include US $ 15.24 billion that are with the State Bank of Pakistan and US$ 4.83 billion held by the commercial banks.
Prime Minister Mohammad Nawaz Sharif has congratulated the Finance Minister, Senator Mohammad Ishaq Dar on this historic achievement.
The Finance Minister in a statement said that the level of forex reserves is a manifestation of the stability in the national economy that has been achieved due to the deep-rooted and comprehensive economic policies and reforms undertaken by the present government during the last two years under the leadership of Prime Minister, Mohammad Nawaz Sharif.
He said all the international donor agencies as well as rating agencies now hold Pakistan’s economy positively. He added we are now working for sustainable and inclusive growth, consolidation of the economic gains and employment generation.