The Pakistan Stock Exchange began the week in the red zone as the benchmark KSE-100 index lost 546.10 points (1.3 per cent ) by 2:52 pm and dropped to 41,604. The bearish trend has been associated with the continuous decline in the foreign exchange reserves of Pakistan and no clarity regarding the 9th review of the International Monetary Funds (IMF).
On November 25, 2022, the foreign reserves of Pakistan stood at $7.5 billion. The value was barely enough to cover the import bill for a month. However, since Pakistan has repaid the international bond of $1 billion, it has received $500 million from Asia Infrastructure Bank, and Saudi Arabia has also extended the term for a deposit of $3 billion.
