Pakistan's forex reserves slump 12% in just weeks

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Pakistan's foreign exchange reserves plunged more than 12 per cent or $1.6 billion over just three weeks in March as the coronavirus outbreak roiled global financial markets, the latest data from the State Bank of Pakistan (SBP) showed.

As on March 27, forex reserves totalled $11.2 billion, down from $12.8 billion as on March 6, Reuters reports.

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