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Pakistan’s foreign exchange reserves drop sharply on debt repayments

KARACHI: Pakistan’s foreign exchange reserves witnessed a steep decline last week as heavy external debt repayments eroded the country’s dollar holdings, according to the latest data released by the State Bank of Pakistan (SBP). The SBP reported that official reserves fell by $1. 245 billion during the week ending July 10, marking a 6. 7 percent drop The post Pakistan’s foreign exchange reserves drop sharply on debt repayments appeared first on MM News.

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