ISLAMABAD- Finance Minister Ishaq Dar today said that Pakistan's exports had reached $16 billion due to prudent economic policies of the government.

Addressing a news conference in Islamabad, he said Eurobonds issued by Pakistan received an overwhelming response from the international investors. He said offers worth $6.90 billion were received for these bonds.

He said the proceeds of the $2 billion bonds have already been received by the State Bank of Pakistan. He said as of today, Pakistan has foreign reserves of $11.67 billion.  He concluded the government will achieve the target of $15 billion in foreign reserves by September 30, 2014.