Times of Islamabad

Pakistan Foreign Exchange Reserves witness 1 billion growth

Pakistan Foreign Exchange Reserves witness 1 billion growth

ISLAMABAD – Pakistan Foreign Exchange Reserves witness $1 billion growth.

Advisor to Finance Ministry, Dr Khaqan Najeeb Tuesday said Pakistan hadreceived $1 billion from United Arab Emirates (UAE) which would furtherimprove its balance of payment situation.

He said the payment would also help improving the foreign exchange reservesof the country, a press statement said.

He said it was due to effective policies of the government that country’sbalance of payment situation was improving.