WASHINGTON–The country’s forex reserves have crossed 17 billion dollars. In a statement, the Finance Minister felicitated the nation on the milestone. He said this is another promise fulfilled by the government.
Meanwhile, briefing US-Pakistan Business Council in Washington about Pakistan’s economic situation, Finance Minister said the government is giving top priority to attract investment in the country.
He assured that the government is keen to resolve all genuine issues of the investors. He said it is not possible to achieve higher growth target without increasing investment to GDP ratio in the economy. The Finance Minister said the economic indicators are on the positive trajectory and tax revenues have also enhanced.
He said the State Bank of Pakistan reserves are over 11.8 billion dollars while Commercial Banks reserves are around 5.1 billion dollars. He expressed confidence that the Balance of Payments position will improve further and the Current Account Deficit will be brought to under 1% of GDP.