Pakistan foreign exchange reserves suffer yet another decline

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Pakistan foreign exchange reserves suffer yet another decline

*KARACHI - Foreign exchange reserves held by the central bank continues to show 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’s capability to meet up its financing necessities as the reserves have fallen very much below the $8-billion amount.

However, the government has declared the previous month that it had administer to secure a financial package of $6 billion from Saudi Arabia, but the impact of such financial aid is still awaited.