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Nov 23, 2022 • 6 tweets • 2 min read
Japanese bank Nomura has warned that 7 countries including #Pakistan is at a high risk of economic crises.
Based on data, Nomura estimates-a score above 100 indicates a 64% chance of a currency crisis in the following 12 months.
Pakistan’s score is 120 while Turkey’s 138.
FBR failed to refund Rs.200 billion to exporters as the stuck-up refunds and tax credit of export-oriented industries swelled.
Meanwhile, the exporters warned of closing down their textile units as a severe liquidity crunch made it impossible to continue their operations.
