Pakistan Foreign Exchange Reserves rise by 12.5%

Pakistan Foreign Exchange Reserves rise by 12.5%

RAWALPINDI: Finance Minister Asad Umar has claimed rise in Pakistan Foreign Exchange Rederves by at least 12 percent.

Umar said on Thursday that the country's foreign exchange reserves have increased by 12.5 percent, vowing to eliminate hurdles in way of remittances to Pakistan.

Addressing a ceremony here, the finance minister said the country's foreign remittances had grown by $1 billion.

He said bringing tax reforms was top priority of his government and they were taking steps to expand the tax net, maintaining that it would help increase the revenue.

Umar said they did not fear criticism, however, stressed the need for avoiding fake news.

More from this category