Pak’s foreign exchange reserves have exceeded 18 billion dollars mark: PM

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani has said that Pakistan’s foreign exchange reserves have exceeded 18 billion dollars mark which is a record level in the country’s history.The Prime Minister was talking to Sardar Shahjehan Yousuf, Minister of State who called on him at the PM’s House.He pointed out that this achievement has been made despite major economic challenges like devastating floods of the last year, abnormally escalating prices of fuel in the international markets and global recessions.The Prime Minister said that some quarters have given a number hoax calls now and then about change of Government which proved completely baseless. However, it casted negative impact on the investment as well as on the economy yet the Government’s prudent economic policies have succeeded in stabilizing the economy and ensuring economic progress. The achievement of all time high foreign exchange reserves is an evidence of the soundness of Government’s economic strategy, he added.

The Prime Minister declared that funds have been allocated for acquisition of land to start work on the Express Way from Islamabad-Peshawar Motorway to Mansehra which will reduce the traveling time and accelerate the economic activity in the region. He said that the Government is paying special attention to the development of the underdeveloped regions with a view to bring these at par with the developed region of the country.

The Minister appreciated Prime Minister’s address at De-radicalization Conference and viewed it true representation of the Pakistani public on issues of security and sovereignty of the country. Sardar Shah Jehan Yousuf also submitted a number of proposals regarding development work in his constituency. Matters relating to constitution of ERRA Board and ERRA Council were also discussed in the meeting. – Onelinenews