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Home Finance

Pakistan posts record import, fuel purchases, central bank data shows

Press Room by Press Room
July 27, 2022
in Finance
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ISLAMABAD — Pakistan posted record monthly highs for imports and petroleum-related purchases in June, central bank data showed on Wednesday, as the country battled to avert a full-blown economic crisis.

The South Asian nation has dwindling foreign exchange reserves and is struggling to finance a widening current account deficit while its currency has depreciated fast. It fell 8% against the dollar last week and close to…



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