Current foreign exchange reserves stand at 20.07b dollars: Senate told


ISLAMABAD: Finance Minister Ishaq Dar informed the Senate on Tuesday that the current foreign exchange reserves stands at $ 20.07 billion.

He was responding to a call attention notice of Usman Saifullah Khan regarding increase in public indebtedness to foreigners on account of the recent issuance of Euro Bond worth $500 million by the government of Pakistan at a substantial interest rate of 08.5 % per annum.

The Minister said the country’s economy has improved which was acknowledged by twenty two international financial institutions. He said the Pakistan’s economy has been internationally declared as stable. He said the whole transaction of issuance of Euro Bonds worth five hundred million dollars was conducted in transparent manner.