Pakistan’s Foreign Reserves Hit Over $20 Billion
Minister highlights economic stability, falling inflation, and ongoing reforms as Pakistan’s foreign reserves surpass $20 billion.
Minister of State for Finance, Bilal Azhar Kayani, shared that Pakistan’s foreign exchange reserves have now gone beyond $20 billion. This positive development marks a key milestone for the country’s economy.
He highlighted that the government is actively working to digitize the economy. According to Kayani, digital transformation is a top priority to improve transparency and efficiency in financial systems.
The minister also pointed out that reforms are underway in the Federal Board of Revenue (FBR). These changes aim to strengthen tax collection and boost the country’s revenue through better systems and accountability.
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Pakistan’s Foreign Reserves Reach $20 Billion, Says Minister
While speaking at an event in Islamabad today (Thursday), the Minister of State shared that Pakistan’s foreign exchange reserves have crossed $20 billion. Out of this, the State Bank of Pakistan holds $15 billion, while commercial banks manage $5.5 billion.
He highlighted that the country is moving in the right direction when it comes to economic stability. Inflation is slowing down, and the policy interest rate has also dropped. The minister said the government’s next goal is to ensure long-term, inclusive economic growth that benefits everyone. He added that efforts like tariff reforms are being introduced to increase exports.
The minister further shared that the government is prioritizing the digitization of Pakistan’s economy. He also mentioned that reforms in the Federal Board of Revenue (FBR) are underway to improve tax collection and strengthen public finances.
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