WASHINGTON: The federal minister for finance Ishaq Dar has said that the foreign exchange reserves of the country have crossed $10 billion mark.
Dar, who is presently on a visit to the United States, told this in a meeting with the US Deputy Secretary Treasury Sarah Bloom Raskin in Washington while briefing her about Pakistan economic recovery plan.
The finance minister noted that fiscal deficit is well below the target and inflation is down to single digit. He said that stock market is booming and has reached the 29,000 mark.
Ishaq Dar said that the federal government has taken bold reforms in energy sector to overcome energy shortage. He said that the government cleared circular debt and added 1,700 MW electricity to the national system which resulted in growth in large scale manufacturing.
The deputy secretary congratulated the finance minister on a very successful launch of the Eurobond and appreciated strong economic recovery plan.
