ISLAMABAD – The foreign exchange reserves held by the State Bank ofPakistan decreased 3.07 per cent, according to data released on Monday.
The drop in reserves raises a concern about Pakistan’s ability to meet itsfinancing requirements as the reserves have fallen below the $9.5-billionmark.
On September 14, the foreign currency reserves held by the central bankwere recorded at $9,328.8 million, down $295.6 million compared with$9,624.4 million in the previous week.
The decrease was attributed to external debt servicing and other officialpayments.