HomeEconomicsPakistan imports fuel using 66% of its foreign currency reserves: report

Pakistan imports fuel using 66% of its foreign currency reserves: report

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  • According to The Express Tribune, Pakistan currently spends around $21.43 billion yearly on gasoline imports, or 66% of its total foreign exchange reserves.
  • This occurs at a time when energy prices worldwide are rising and the Pakistani economy is struggling.
  • The delivery price of coal imported from South Africa has significantly increased over the past year, rising from $177/tonne to $407/tonne, according to the research.

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