*KARACHI: Pakistan’s net foreign exchange reserves have reached the levelof 17.58 billion US Dollar with the recent receipt of 2.2 billion dollarsfrom the Chinese government, Radio Pakistan reported on Tuesday.*
In a tweet, spokesperson of Ministry of Finance Dr Khaqan Najeeb saidimplementation of a successful strategy had ensured the total forexreserves to rise to a comfortable level.
linkDr. Khaqan Hassan Najeeb@KhaqanNajeeblinklink
As of today #FX link reserves held by #SBP link have hit a double digit markof $10.67Bn. The net FX #reserveslink held by commercial #bankslink stand at $6.91Bn.Implementation of a successful strategy has ensured total FX reserves ofthe country rising to a comfortable level of $17.58Bn.Twitter Ads info and privacy linklink
Yesterday, Dr Najeeb had said that the Chinese government had deposited$2.1Bn in State Bank of Pakistan (SBP) to help Pakistan in stabilising theeconomic condition of the country.
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The spokesman said that focus was on further strengthening the exchangerate regime and keeping it consistent with the evolving macroeconomicfundamentals of the economy.
He said the news about fixing exchange rate target was baseless andunfounded.
