Country’s forex reserves at record level: PM
ISLAMABAD, July 7 (APP): Prime Minister Syed Yusuf Raza Gilani on Thursday said Pakistan’s foreign exchange reserves have crossed the 18 billion dollars mark which is a record level in the country’s history. He pointed out that this achievement had been made despite major economic challenges like last year’s devastating floods, abnormally escalating prices of fuel in international markets and global recessions.The Prime Minister was talking to Sardar Shahjahan Yousuf, Minister of State who called on him at the PM House this afternoon.The Prime Minister said though some quarters had been propagating wrong information, however, high foreign exchange reserves was an evidence of the sound economic strategy of the government, he added.
The Prime Minister declared that funds have been allocated for acquisition of land to start work on the Expressway from Islamabad-Peshawar Motorway to Mansehra which will reduce the travel time and accelerate economic activity in the region.
He said the government is paying special attention to the development of 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 Shahjahan 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.