Pakistan's Forex Reserves Hit Eight-year-low

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The State Bank of Pakistan’s (SBP)-led foreign exchange reserves have hit an eight-year low at $5.576 billion during the week ended on Dec 30, 2022, the data released by the central bank says. The reserves fell further as the country paid external debts amid a severe economic crisis. During the week ended on December 30, 2022, the central bank s forex reserves fell $245 million to $5.57 billion, a statement from the central bank said Thursday, down from last week s reserves of $5.821 billion.

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