ISLAMABAD, July 12: The country’s foreign exchange reserves will reach $7 billion by the end of 2002-03, a meeting was told on Friday.

President Pervez Musharraf, who presided over the meeting, was briefed about economy.

Finance Minister Shaukat Aziz told Dawn that the meeting expressed satisfaction over the reserves position being maintained by the State Bank and the commercial banks.

“Hopefully we will be having over $2.5 billion foreign inflows during the current financial year,” the minister said.

He said the meeting was apprised about the restructuring of the Central Board of Revenue and the banking sector.