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Pakistan’s forex reserves fall to $11.758 billion

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Remittances from Pakistanis abroad rose 6.35 per cent to $10.35 billion in the first nine months of the 2012/13 fiscal year.—File Photo

KARACHI: Pakistan’s foreign exchange reserves dropped to $11.758 billion in the week ending April 5 from $12.202 billion in the previous week, the central bank said.

Remittances from Pakistanis abroad rose 6.35 per cent to $10.35 billion in the first nine months of the 2012/13 fiscal year, from $9.73 billion in the same period last year.

The fiscal year runs from July to June.

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