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Pakistan Forex Reserves Rise to $10.399 Bln

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Posted by on Friday, August 23, 2013, 10:16
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Aug 22 (Reuters) – Pakistan’s foreign exchange reserves rose to $10.399 billion in the week ending August 16, from $10.326 billion the previous week, the central bank said.

Pakistan Forex

Pakistan Forex

RESERVES       Week ending   Previous Week  Change/pct
($ billions)              August 16
Held by the State      5.248          5.228           0.38
Bank of Pakistan
Held by                    5.151           5.098           1.03
commercial banks
Total                        10.399        10.326         0.70

Remittances from Pakistanis abroad rose 5.56 percent to $13.92 billion in the  2012/13 fiscal year, from $13.18 billion during the same period last year. The fiscal year runs from July to June.

An amount of $1,404 billion was remitted by overseas Pakistani in July, compared with $1,204 billion in the same month year earlier.

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