Pakistan forex reserves fall to $7.994 billion

Published January 31, 2014
Remittances rose 9.46pc to $7.8bn in the first half the fiscal year, from $7.11bn in the same period last year.—File Photo
Remittances rose 9.46pc to $7.8bn in the first half the fiscal year, from $7.11bn in the same period last year.—File Photo

KARACHI: Pakistan's foreign exchange reserves dropped to $7.994 billion in the week ending January 24 compared to $8.168 billion in the previous week, the central bank said.

Remittances from Pakistanis abroad rose 9.46 per cent to $7.8 billion in the July-December first half the 2013/14 fiscal year, from $7.11 billion in 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

A state of chaos

A state of chaos

The establishment’s increasingly intrusive role has further diminished the credibility of the political dispensation.

Editorial

Bulldozed bill
Updated 22 May, 2024

Bulldozed bill

Where once the party was championing the people and their voices, it is now devising new means to silence them.
Out of the abyss
22 May, 2024

Out of the abyss

ENFORCED disappearances remain a persistent blight on fundamental human rights in the country. Recent exchanges...
Holding Israel accountable
22 May, 2024

Holding Israel accountable

ALTHOUGH the International Criminal Court’s prosecutor wants arrest warrants to be issued for Israel’s prime...
Iranian tragedy
Updated 21 May, 2024

Iranian tragedy

Due to Iran’s regional and geopolitical influence, the world will be watching the power transition carefully.
Circular debt woes
21 May, 2024

Circular debt woes

THE alleged corruption and ineptitude of the country’s power bureaucracy is proving very costly. New official data...
Reproductive health
21 May, 2024

Reproductive health

IT is naïve to imagine that reproductive healthcare counts in Pakistan, where women from low-income groups and ...