Pakistan's forex reserves depleting again despite IMF assistance
By Mahua Venkatesh
New Delhi, Sep 19: Pakistan is once struggling with dwindling foreign exchange reserves despite the International Monetary Fund (IMF) assistance. After the country's forex reserves -- held by its central bank- dropped below the $8 billion in August, it rose to $8.7 billion in the beginning of the month, thanks to the IMF loan of $1,166 million under its Extended Fund Facility (EFF). But for the week ending on September 9, the country's reserves once again fell to $8.6 billion -- down $176 million.