Country’s forex reserves at historic $20 bn figure: Dar

ISLAMABAD: The country’s foreign exchange reserves have reached the historic level of 20.07 billion dollars.
This was announced by Finance Minister Ishaq Dar at a news conference in Islamabad on Thursday.
He said with this the government has fulfilled its commitment to take the foreign exchange reserves to 20 billion dollars.
He said out of 20.07 billion dollars, 15.24 billion are with the State Bank of Pakistan and the rest 4.83 billion with commercial banks.
The minister said the government received different transactions worth 1.6 billion dollars since yesterday, which pushed up the reserves. These included 500 million dollars each of Eurobond and IMF tranche, 375 billion dollars of the Coalition Support Fund and another transaction of 265 million dollars.
Ishaq Dar said such a rise in the foreign exchange reserves was unthinkable in February last year when reserves with the State Bank were just 2.75 billion dollars. He congratulated the nation over this landmark achievement.