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Foreign exchange reserves reached new historic high of $24.5b

Latest Update: October 14, 2016 | 262 Views
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Foreign exchange reserves of the country have reached the new historic high of 24.5 billion dollars.

Announcing this, Finance Minister Ishaq Dar said there was a time when the country had reserves equal to a few weeks payment of the import bill but now these are equal to 6 months of import bill.

The Minister said that out of the total reserves, SBP has 19.5 billion dollars whereas commercial banks have 05 billion dollars.

The Minister said that all this has happened with the constant hard work and team effort under the leadership of the Prime Minister.