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9-day before deadline: Foreign reserves cross $15b mark, $10b with SBP

9-day before deadline: Foreign reserves cross $15b mark, $10b with SBP

ISLAMABAD: Federal Finance Minister Ishaq Dar has said that the country’s total foreign exchange reserves have crossed $15 billion.

The finance minister revealed this during a meeting with Prime Minister Nawaz Sharif in Islamabad. Dar gave him detailed briefing about economic measures taken which made possible to achieve the target. The prime minister congratulated Finance Minister Ishaq Dar and his team on achieving the success.

As per detail, ten billion dollars are with the State Bank of Pakistan and the rest are with Commercial Banks.

It is pertinent to mention here that Federal Finance Minister Ishaq Dar had given the deadline of Dec 31 to meet the $15 billion target, which has been achieved nine days before the deadline.