Summary Ishaq Dar says foreign exchange reserves have surged past 20 billion USD which is highest in history
ISLAMABAD: (Dunya News) – Pakistan’s foreign exchange reserves have on Thursday exceeded US Dollar 20 billion for the first time in country’s history. Finance Minister told that the foreign exchange reserves have surged past USD 20 billion which is all-time high in the country’s history, reported Dunya News.
Holding a press conference in Islamabad, Ishaq Dar said that the foreign exchange reserves of the country have surged past USD 20 billion while a new program has been requested from International Monetary Fund (IMF) for returning the old debts.
Ishaq Dar said that State Bank currently holds more than 15 billion dollars while the private banks have 4.83 billion dollars in their possession. He also said that withholding tax is not being collected from those having NTN numbers.
