A money changer counts US dollar banknotes at a currency exchange office in Ankara, Turkey November 11, 2021. — Reuters

SBP-held reserves fall to less than a month’s import cover

by Pakistan News
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A money changer counts US dollar banknotes at a currency exchange office in Ankara, Turkey November 11, 2021. — Reuters

As Pakistan struggles to secure external financing to pull the country out of the economic crisis, foreign exchange reserves held by the State Bank of Pakistan (SBP) on Thursday reversed their course, snapping its six-week winning streak.


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