Which term refers to foreign currency reserves held by Pakistan's central bank to support the rupee and meet import needs?
A
Foreign exchange reserves
B
Petrodollar reserves
C
Gold reserves alone
D
Sovereign wealth fund
Correct Answer: Option A — Foreign exchange reserves
Explanation:
Foreign exchange reserves, held primarily by the State Bank of Pakistan, are used to support the rupee's value, meet import payment obligati...
Foreign exchange reserves, held primarily by the State Bank of Pakistan, are used to support the rupee's value, meet import payment obligations, and service external debt.