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Pakistan: SBP forex reserves sink to a month’s worth of import cover

Islamabad [Pakistan], March 30 (ANI): Pakistan’s foreign exchange reserves decreased by USD 345 million to USD 4.2 billion, the central bank said on Thursday, leaving the country with barely a month’s worth of import cover, reported Geo News.
In its weekly bulletin, the State Bank of Pakistan (SBP) said that its foreign exchange reserves have decreased as of the week ended March 24, which will provide an import cover of l