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 obligations, and service external debt.