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Pakistan imports threatened as forex reserves hit eight-year low
Jan. 6, 2023, 11:38 a.m. | AFP
Digital Journal www.digitaljournal.com
Pakistan’s central bank forex reserves have plunged to an eight-year low of $5.6 billion, posing a serious challenge for the country in financing imports. Coupled with another $5.8 billion held by commercial banks, the nation has $11.4 billion in reserves — enough to pay for just three weeks of imports, traders and economists say. “This […]
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