PID

PR No. 140 FINANCE MINISTER CHAIRS MEETING AT SBP Islamabad

Finance Minister, Senator Mohammad Ishaq Dar chaired a meeting at the State Bank of Pakistan (SBP) at Karachi.

The meeting reviewed the macroeconomic situation with special reference to the monetary side for the year ending 30th June 2016

The meeting noted that the performance of monetary side during the quarter that ended June, 2016 remained satisfactory. The forex reserves reached the highest ever level of $23 billion.

Finance Minister expressed satisfaction on the macroeconomic situation and stated that all the national institutions needed to continue the reform process in order to consolidate the economic gains of last 3 years. He also desired for enhanced efforts on firming up the strategy for the current fiscal year that would be discussed in a follow up meeting.

Acting Governor SBP, Saeed Ahmed, Deputy Governor Riaz Riazuddin, Heads of various departments & other senior officials of SBP attended the meeting.

Shortly after the meeting the Finance Minister left for Dubai on a day’s personal visit. He would return home Sunday and hold a review meeting with State Bank officials Monday morning.

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