KARACHI: Pakistan’s foreign exchange reserves dropped to $13.058 billion in the week ending Feb 15, from $13.395 billion in the previous week, the central bank said on Thursday.

Remittances from Pakistanis abroad rose 10.36 per cent to $8.20 billion in the first seven months, July to January, of the 2012/13 fiscal year, from $7.43 billion in the same period last year.

An amount of $1,089 billion was remitted by overseas Pakistanis in January 2013 as against $ 1,110 billion in the same month of the last fiscal year (January 2012).