Stability: Dar aims for high foreign reserves

ISLAMABAD: Minister of Finance Ishaq Dar said that due to the prudent economic policies of the government, the country’s economy was on the path of stabilisation, adding that foreign exchange reserves would be enhanced to $19 billion by the end of this calendar year. He stated this while addressing the post budget 2015-16 conference of Institute of Cost and Management Accounts of Pakistan (ICMA). Economic experts, chartered accountants and leaders of the business community also attended the conference. Former finance minister Dr Hafeez Pasha and ICMA President Kashif Mateen Ansari also spoke on the occasion. Dar said that reserves of $19 billion would be the highest in the history of the country. “Even international rating agencies are improving Pakistan’s credit rating; Moody’s being the latest one to upgrade us to B-3.”

 

Published in The Express Tribune, June 13^th,  2015.

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