Finance ministry terms exchange rate stability as hallmark

ISLAMABAD : The Ministry of Finance termed the stability in the exchange rate as the hallmark of the current year's econ

Published May 25, 2011 Updated May 25, 2011 09:24am

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The government is committed to take appropriate measures to maintain the stability, spokesman of the ministry said in a statement.

The spokesman said that the stability was based on a solid foundation of extraordinary growth in exports, outstanding remittances' performance and stability in foreign exchange reserves.

The exports registered a growth of 28 percent in last ten months while the remittances have gone up to more than a billion dollar per month in last two months and crossing a double digit mark to $ 11.2 billion at the end of current financial year.

Finally, he said that Foreign Exchange Reserves were also at historic level at above $ 17 billion.

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