Forex reserves to surpass $19 bln by end of March: Asad Umar

Pakistan likely to receive $4 bln from UAE, China - Asad Umar
Islamabad: Foreign exchange reserves are likely to surpass $19 bln mark as Pakistan eyes $4 bln from the friendly countries.

As per details garnered, finance minister Asad Umar stated that Pakistan is likely to receive $4 bln from United Arab Emirates and China in the upcoming weeks.

Finance Minister Asad Umar said friendly countries would transfer around $4.1 billion in next couple of weeks, which will help in building up foreign exchange reserves and easing fiscal burden.

He added that forex reserves would augment to $19 bln.

He made these remarks while addressing a moot, ‘Financing to Support Make in Pakistan’.