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Pakistan forex reserves rise to $14.828 billion

Remittances from Pakistanis abroad rose 17.73 per cent to $13.186 billion in the 2011-12 fiscal year ending June 30.—File Photo

KARACHI: Pakistan’s foreign exchange reserves rose to $14.828 billion in the week ending Sept 7, from $14.821 billion in the previous week, the central bank said on Thursday.

Pakistan’s reserves have been reduced by debt repayments in August on a $397.2 million loan from the International  Monetary Fund (IMF), the central bank said on Thursday.

Remittances from Pakistanis abroad rose 17.73 per cent to $13.186 billion in the 2011-12 fiscal year, which ended June 30, compared with $11.2 billion the previous year.


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