Pakistan’s forex reserves fall to $11.007 billion

Published July 5, 2013
Remittances from Pakistanis abroad rose 5.74 percent to $12.76 billion.—File Photo
Remittances from Pakistanis abroad rose 5.74 percent to $12.76 billion.—File Photo

KARACHI: Pakistan's foreign exchange reserves dropped to $11.007 billion in the week ending June 28, from $11.344 billion the previous week, the central bank said.

Remittances from Pakistanis abroad rose 5.74 percent to $12.76 billion in the 11 months of the 2012/13 fiscal year, from $12.06 billion during the same period last year.

The fiscal year runs from July to June.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Price bombs
17 Jun, 2024

Price bombs

THERE was a time not too long ago when the faces we see sitting in government today would cry themselves hoarse over...
Palestine’s plight
Updated 17 Jun, 2024

Palestine’s plight

While the faithful across the world are celebrating with their families, thousands of Palestinian children have either been orphaned, or themselves been killed by the Israeli aggressors.
Profiting off denied visas
17 Jun, 2024

Profiting off denied visas

IT is no secret that visa applications to the UK and Schengen countries come at a high cost. But recent published...
After the deluge
Updated 16 Jun, 2024

After the deluge

There was a lack of mental fortitude in the loss against India while against US, the team lost all control and displayed a lack of cohesion and synergy.
Fugue state
16 Jun, 2024

Fugue state

WITH its founder in jail these days, it seems nearly impossible to figure out what the PTI actually wants. On one...
Sindh budget
16 Jun, 2024

Sindh budget

SINDH’S Rs3.06tr budget for the upcoming financial year is a combination of populist interventions, attempts to...