*KARACHI – Foreign exchange reserves held by the central bank continues toshow downward trend for the 11th consecutive week as they knock down 1.26%on a weekly basis, according to data revealed on Thursday.*
The continuous downward trend elevates apprehension about Pakistan’scapability to meet up its financing necessities as the reserves have fallenvery much below the $8-billion amount.
However, the government has declared the previous month that it hadadminister to secure a financial package of $6 billion from Saudi Arabia,but the impact of such financial aid is still awaited.
