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Foreign shipping lines may stop services for cash-strapped Pakistan: Report

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Shipping agents have warned the cash-strapped Pakistan government that all exports could come to a halt as foreign shipping lines are considering stopping their services for the country after banks stopped remitting freight charges to them due to a lack of dollar availability, according to a media report. Pakistan's forex reserves had dwindled rapidly to over $4bn in recent weeks, creating fear it may default.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/0wv7gn4

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