Ryuzaki
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KARACHI: Foreign exchange reserves held by the central bank continued to spiral downwards for the 12th successive week as they fell 2.55% on a weekly basis, according to data released on Thursday.
The continued drop in the reserves is alarming as it raises concern about Pakistan’s ability to meet its financing requirements because the reserves have fallen below the $7.5-billion mark.
Although the Saudi government has recently assured Pakistan that the promised $3-billion financial assistance will be released in coming days, the impact is yet to be seen.
https://tribune.com.pk/story/1848039/2-foreign-exchange-sbp-reserves-dive-196m-stand-7-48b/
The continued drop in the reserves is alarming as it raises concern about Pakistan’s ability to meet its financing requirements because the reserves have fallen below the $7.5-billion mark.
Although the Saudi government has recently assured Pakistan that the promised $3-billion financial assistance will be released in coming days, the impact is yet to be seen.
https://tribune.com.pk/story/1848039/2-foreign-exchange-sbp-reserves-dive-196m-stand-7-48b/
