KARACHI, Nov 22 Pakistan's foreign exchange
reserves dropped to $13.814 billion in the week ending Nov 16,
from $13.845 billion the previous week, the central bank said.
RESERVES Week ending Previous Week Change/pct
($ billions) Nov 16
Held by the State 9.125 9.242 -1.27
Bank of Pakistan
Held by 4.689 4.602 1.89
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
In October, remittances totalled $1.365 billion.
The monthly average remittances for July-October 2012/13 period
comes out to $1.241 billion.
(Compiled by the Karachi newsroom)