Islamabad: Finance Minister Muhammad Aurangzeb said on Tuesday that Pakistan’s foreign exchange reserves would reach from $9 to $10 billion by the end of June.
"The expected position in June will be a much better than the last year," the minister said and added that the International Monetary Fund (IMF) should not be seen as “an end, but a means to an end”.
Aurangzeb said that Rs1.7 trillion worth of litigation was pending with tax tribunals. “I repeatedly say we need timely decisions whether it’s a small company or a big country. Timely decisions and timely executions,” the minister underscored.
Pakistan’s forex reserves crossed the $8bn mark again last month after they fell below it in late February.
