He was chairing a meeting in Islamabad on Thursday to review the overall economy with the focus on external financing.
The federal minister said that the economy is now moving in the right direction. He gave detailed instructions to accelerate efforts already being made by the Finance Division.
He said that foreign exchange reserves would reach more than $10 billion by the end of next month and around $16 billion by the end of the current year.
IMF has reviewed downwards its figures for inflation it projected earlier and also raised the projection of the GDP growth from 2.8 percent to 3.1 percent, he said.