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Pakistan’s foreign reserves may drop below Cambodia’s: report

KARACHI: Amid looming slowdown of Pakistan’s economic growth, a latest report by the Bloomberg indicates that Pakistan is depleting its dollar reserves at the fastest pace in Asia and may soon drop below Cambodia’s foreign reserves – an economy that’s less than a 10th of its size. According to data released by the International Monetary Fund, reserves have dropped by about a fifth in the past year to reach $13.5 billion in February, while in Cambodia they’ve increased a third to $11.2 billion in January, Pakistan’s…