Sate Bank’s reserves have increased from $8b to $12.5b: Shibli

Islamabad, August 11, 2020 (PPI-OT): Minister for Information and Broadcasting, Shibli Faraz says Sate Bank’s reserves have increased to 12.5 billion dollars from 8 billion dollars due to prudent economic policies of the government. Briefing the news men about the decisions taken in the Federal Cabinet meeting on Tuesday, he said when we came into power the current account deficit was at 20 billion dollars and in two years we brought it to three billion dollars by reducing it to 17 billion dollars.

The Minister said under Ehsaas program, the government has distributed financial assistance to fifteen million families. He said the government adopted the policy of reducing imports and increased exports which resulted in the strengthening of country’s economy.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk

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