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Pakistan’s forex reserves fall to $11.457 billion

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Foreign exchange reserves dropped from $11.623 billion the previous week.—File Photo
Foreign exchange reserves dropped from $11.623 billion the previous week.—File Photo

KARACHI: Pakistan's foreign exchange reserves dropped to $11.457 billion in the week ending May 31 from $11.623 billion the previous week, the central bank said.

Remittances from Pakistanis abroad rose 6.37 percent to $11.57 billion in the first 10 months of the 2012/13 fiscal year, from $10.87 billion in the same period last year.

The fiscal year runs from July to June.

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Comments (4) Closed



TKhan
Jun 06, 2013 07:07pm

I am closing my foreign currency account in Pakistan before Sartaj Aziz or Nawaz Sharif get to it.

Amir
Jun 06, 2013 07:46pm

Someone should check Zardari's bank balance.

Yasir
Jun 06, 2013 10:33pm

Looks like Nawaz is taking his salary early

milli@hotmail.com
Jun 07, 2013 01:11am

I wish the media would get its facts right. For the last week or so you've been saying 6 billion or so and overnight it's gone up to 11.5 billion

Farcical reporting