An amount of $1,028 billion was remitted by overseas Pakistanis in February, compared with $ 1,156 billion in the same month a year earlier.—File Photo

KARACHI: Pakistan’s foreign exchange reserves dropped to $12.370 billion in the week ending March 22 from $12.436 billion in the previous week, the central bank said.

Remittances from Pakistanis abroad rose 7.47 per cent to $9.23 billion in the first eight months of the 2012/13 fiscal year, from $8.59 billion in the same period last year. The fiscal year runs from July to June.

An amount of $1,028 billion was remitted by overseas Pakistanis in February, compared with $ 1,156 billion in the same month a year earlier.

More From This Section

Ministry set to auction 3G, 4G licences despite more roadblocks

The senate body’s recommendations will not stop the auction process to be held on April 23.

Nawaz vows to spend $1.6bn on Balochistan development

Addressing the cabinet meeting in Islamabad, the prime minister said that he himself will monitor these projects.

KSE-100 closes lower, rupee weakens

The stock market continued to consolidate above 29,000 points due to a holiday in global equity markets

Sindh announces sales tax amnesty

Sindh Revenue Board's amnesty scheme comes into immediate effect for citizens who have so far failed to pay sales tax.


Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Poll
From The Newspaper
Tweets