ISLAMABAD – Pakistan Foreign Exchange Reserves have declined further onDecember 28.
The total liquid foreign reserves held by the country declined to $13.8billion.
As per the notification issued by the State Bank of Pakistan, the foreignreserves held by the central bank stood at $7.2 billion, while net foreignreserves held by commercial banks stood at $6.5 billion.
During the week under review, SBP’s reserves decreased by $170 million dueto external debt servicing and other official payments.
The falling reserves raise concern about Pakistan’s ability to meet itsfinancing requirements. Earlier, Saudi Arabia provided financial assistanceto Pakistan, which pushed the reserves above the $8-billion mark, however,they later started falling again.