Pakistan’s forex reserves cross $18 bn

By IANS,

Islamabad : Pakistan’s foreign exchange reserves have crossed the $18 billion mark, a record level in the country’s history, says Prime Minister Yousuf Raza Gilani.

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Gilani said this was achieved despite major economic challenges like last year’s devastating floods, the escalating prices of fuel in international markets and global recession.

He said high foreign exchange reserves was an evidence of the sound economic strategy of the government, Associated Press of Pakistan reported.

The prime minister said the government was paying special attention to underdeveloped regions with a view to bring them at par with developed regions.