Forex reserves to hit double digit by end of March, 2014 - AsiaNet-Pakistan

Forex reserves to hit double digit by end of March, 2014

February 13, 2014 | Press Information Department | Share:

Islamabad, February 13, 2014 (PPI-OT): A meeting to review the overall economy with the focus on external financing was held at the Ministry of Finance under the chairmanship of the Federal Minister for Finance Senator Mohammad Ishaq Dar today.

The Finance Minister gave detailed instructions to accelerate the pace of efforts already being made by the Finance Division. Senator Dar reiterated that with the grace of Allah and with our sincere efforts we will take the foreign exchange reserves to more than $ 10 billion by the end of March, 2014 and Inshallah around $ 16 billion by the end of December, 2014.

International Financial Institutions (IFIs) have reposed their confidence in the policies of the present government and expressed that the economy was now moving in the right direction.

IMF has reviewed downwards its figures for inflation it projected earlier and raised the projection of the GDP growth from earlier 2.8% to 3.1% said the Federal Minister for Finance Senator Mohammad Ishaq Dar. The meeting was attended by the senior officials of the Finance Ministry.

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Haji Ahmed Malik
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