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KARACHI:The foreign exchange reserves held by the central bank shrank 2.28% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.The falling reserves raise concern about Pakistan's ability to meet its financing requirements. Earlier, Saudi Arabia provided financial assistance to Pakistan, which pushed the reserves above the $8-billion mark, however, they later started falling again.Moreover, the third $1-billion loan tranche from the kingdom is expected to arrive this month. Separately, Chinese has agreed to provide much-needed support for the fast depleting reserves.On December 28, the foreign currency reserves held by the SBP were recorded at $7,287.5 million, down $170 million compared with $7,457.3 million in the previous week.Foreign exchange: SBP
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