Pakistan's foreign exchange reserves cross $15b mark

Of the reserves, $10 billion is in the State Bank of Pakistan, while the rest is in other commercial banks

ISLAMABAD: Pakistan's foreign exchange reserves have increased to more than $15 billion, the PM Office stated on Monday.

Federal Finance Minister Ishaq Dar called on Prime Minister Nawaz Sharif and apprised him about the latest development.

According to details, out of $15 billion of the exchequer, $10 billion is in the State Bank of Pakistan, while the rest is in other commercial banks.

Dar gave a detailed briefing to the premier about the 15 billion dollar worth of foreign exchange reserves. The finance minister also informed the prime minster about the economical steps taken to achieve set targets.