ISLAMABAD - Finance Minister Ishaq Dar on Friday said that foreign exchange reserves are at a satisfactory level adding that the government expects to take the foreign exchange reserves to $15 billion before the target of September 30th 2014.

Federal Minister for Finance Senator Ishaq Dar chaired a meeting with the representatives of Overseas Chambers of Commerce and Industry, Pakistan Business Council, American Business Council and Pakistan German Business Council, at the Federal Board of Revenue Head office.

Chairman FBR Tariq Bajwa briefed the Finance Minister in detail about the discussion he and other members of FBR had with the business representatives. He informed the Finance Minister that the proposals presented by them will be considered in the budget. The trade representatives said that they would welcome documentation of the economy and the measures to encourage local manufacturing.