Foreign exchange reserves of the State Bank of Pakistan (SBP) have fallen below $9 billion after three months.
The SBP on Thursday announced that its reserves dropped to $8.902bn during the week ending August 15, 2014.
Its reserves touched 10-year low at $3.18bn in January 2014, but the massive government borrowing from international lenders and issuance of Eurobonds had helped rebuild the reserves to $9.277bn in July 2014.
Debt repayment to the International Monetary Fund (IMF) with no fresh dollar inflows during the last three months caused the decline in the reserves.
