Governor State Bank of Pakistan Jameel Ahmad says Pakistan has achieved macroeconomic stability due to coordinated fiscal and monetary policies.

Addressing a news conference in Karachi today, he expressed confidence that Pakistan's economic growth will continue in the new financial year.

Jameel Ahmad said the economic performance remained in line with expectations during the last financial year.

He said inflation stood at eleven point eight percent last month, while the annual inflation rate also remained within the projected range.

Jameel Ahmad said the country's foreign exchange reserves increased from five point five billion dollars to eighteen point four billion dollars by the end of the financial year, while external liabilities were reduced by five billion dollars.