Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting at the State Bank of Pakistan (SBP) in Karachi on Saturday.
According to a statement issued by the Ministry of Finance, the meeting reviewed the macroeconomic situation with special reference to the monetary side for the year ended June 30, 2016.
The meeting noted that the performance of monetary side during the quarter that ended June 2016 remained satisfactory while the forex reserves also reached the highest ever level of $23 billion.
The finance minister expressed satisfaction on the macroeconomic situation, stating that all the national institutions needed to continue the reforms process in order to consolidate the economic gains of last three years.
He also desired for enhanced efforts on firming up the strategy for the current fiscal year that would be discussed in a follow up meeting.
Acting SBP Governor Saeed Ahmed, Deputy Governor Riaz Riazuddin, heads of various departments and other senior officials of the SBP attended the meeting.
Shortly after the meeting, the finance minister left for Dubai on a day’s personal visit. He would return home Sunday and hold a review meeting with State Bank officials on Monday morning.