Foreign Exchange Reserves : Pakistan To Receive $2.1bn From China Tomorrow

Pakistan will receive two point one billion dollars from China by Tomorrow, which will further strengthen Country's balance of payment situation.

In a tweet, Adviser and Spokesman for Ministry of Finance, Dr. Khaqan Najeeb said that the funds would be deposited in the state Bank of Pakistan and it will also strengthen Foreign exchange reserves position.

Meanwhile, the Advisor clarified that the discussions with International Partners do not entail any target level of exchange rate.

In a tweet, the Spokesman said that focus is on further strengthening the exchange rate regime, aligning it and keeping it consistent with the evolving Macroeconomic Fundamentals of the Economy.

He said the News related to fixing exchange rate target is baseless and unfounded.

He said state Bank of Pakistan's Economic Models point to the real effective exchange rate at equilibrium value.

He said stability in balance of payment was ensured with a fall in current account deficit and more than adequate Foreign Financing availability.