Pakistan’s foreign exchange reserves have further fallen to $3.7 billion, its lowest levels since February 2014, as the country’s economic crisis worsen in recent weeks.

The reserves held by the central bank have been persistently shrinking since the beginning of the current fiscal year as data issued by the State Bank of Pakistan revealed that it dropped a massive $923 million to $3.7 billion.

With the new data update, the liquid foreign reserves held by the dollar starved country stood at $9.5 billion and foreign reserves held by commercial banks stood at $5.8 billion, painting a gloomy picture of the economy as the country’s top leader approaching foreign leaders and lenders amid the panic.