Pakistan foreign exchange reserves face another blow
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ISLAMABAD - The foreign exchange reserves held by the State Bank of Pakistan decreased 3.07 per cent, according to data released on Monday.
The drop in reserves raises a concern about Pakistan’s ability to meet its financing requirements as the reserves have fallen below the $9.5-billion mark.
On September 14, the foreign currency reserves held by the central bank were 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 official payments.
