KARACHI: Pakistan's foreign exchange reserves dropped to $11.457 billion in the week ending May 31 from $11.623 billion the previous week, the central bank said.

Remittances from Pakistanis abroad rose 6.37 percent to $11.57 billion in the first 10 months of the 2012/13 fiscal year, from $10.87 billion in the same period last year.

The fiscal year runs from July to June.