Summary The foreign exchange reserves hiked by 72 crore in the week that ended 23rd September
KARACHI (Dunya News) – The foreign exchange reserves have reached to country’s highest level of $23.41 billion, reported Dunya News.
In an official declaration the State Bank of Pakistan revealed that the foreign exchange reserves hiked by 72 crore in the week that ended 23rd September in which$70 crore were transferred from Chinese Development Bank.
According to experts, the foreign exchange reserves are expected to raise even more as the last installment of $10 crore is expected to be paid in next week.
Finance Minsiter Ishaq Dar commented that the current foreign exchange level of the country is enough for 5 months imports and Asian Development Bank has also hailed current government economic policy. He further told that Asian Development Bank predicted that our growth rate will be 5.2 as compared to 4.8.
