Finance Minister Ishaq Dar has said foreign exchange reserves will reach fifteen billion dollars by September this year. He was talking to prominent UK fund managers including Chief Executive Officer London Stock Exchange Xavier Rolet, who called on him in London. The Minister apprised them about the country's macro-economic indicators and structural reforms undertaken by the government.

He also apprised them that the country is open to business and offers attractive investment opportunities with high returns. He said with the launch of the Euro Bond Pakistan has returned to the international bond market after seven years absence. The Finance Minister also informed that Pakistan will issue an Islamic bond denominated in dollars for Islamic banking institutions and funds.

While talking about energy crisis, the Minister told the delegation that the government is launching various energy projects to meet the shortfall in the next four years. He said the government has secured the necessary financing for the construction of Dassu Hydropower Project.

The Finance Minister also informed the group about the recent auction of 3G and 4G licenses which has fetched over 1.1 billion dollars recently in a transparent manner. On the occasion, the UK fund managers appreciated the positive steps taken by the Pakistani government to put the economy back on track.

Copyright Independent News Pakistan, 2014