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Pakistan forex reserves rise to $10.399 bln

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Remittances from Pakistanis abroad rose 5.56 percent to $13.92 billion in the 2012/13 fiscal year.—File Photo
Remittances from Pakistanis abroad rose 5.56 percent to $13.92 billion in the 2012/13 fiscal year.—File Photo

KARACHI: Pakistan's foreign exchange reserves rose to $10.399 billion in the week ending August 16, from $10.326 billion the previous week, the central bank said.

Remittances from Pakistanis abroad rose 5.56 percent to $13.92 billion in the 2012/13 fiscal year, from $13.18 billion during the same period last year. The fiscal year runs from July to June.

An amount of $1,404 billion was remitted by overseas Pakistani in July, compared with $1,204 billion in the same month year earlier.

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Comments (1) Closed



khawar
Aug 23, 2013 09:06am

An amount of $1,404 billion was remitted by overseas Pakistani in July, compared with $1,204 billion in the same month year earlier.

I think the amount is in million not billion. kindly re check.