Pakistan foreign exchange reserves hit USD 24.5 billion
Finance Minister has credited the leadership of Prime Minister Nawaz Sharif for the achievement
ISLAMABAD (Dunya News) – It has been reported on Friday that foreign exchange reserves of Pakistan have hit a historic high with USD 24.5 billion.
The announcement was made by Federal Minister for Finance, Ishaq Dar in a briefing during which he expressed exhilaration by saying that there was a time when the country had reserves equal to a few weeks of payment of import bill but now were equal to that of six months.
The State Bank of Pakistan (SBP) has reserves of USD 18.5 billion while commercial banks have at least USD 5 billion, he said.
He credited the leadership of Prime Minister Nawaz Sharif for the achievement.
