Pakistan forex reserves fall 0.22 pc to $13.814 billion

KARACHI: Pakistan's foreign exchange reserves dropped to $13.814 billion in the week ending Nov 16, from $13.845 billion the previous week, State Bank of Pakistan said.

RESERVES Week ending Previous Week Change/pct
($ billions) Nov 16

Held by SBP 9.125 9.242 -1.27

Held by 4.689 4.602 1.89
Commercial banks

Total 13.814 13.845 -0.22

Remittances from Pakistanis abroad rose 15.04 percent to $4.964 billion in the first four months, July to October, of the 2012/13 fiscal year, from $4.315 billion in the same period last year.

In October, remittances totalled $1.365 billion.

The monthly average remittances for July-October 2012/13 period comes out to $1.241 billion. (REUTERS)