Pakistan’s forex reserves rise to $11.344 billion

Pakistan’s foreign exchange reserves rose to $11.344 billion in the week ending June 21, from $11.340 billion the previous week, the central bank said.

Remittances from Pakistanis abroad rose 5.74 per cent to $12.76 billion in the 11 months of the 2012/13 fiscal year, from $12.06 billion during the same period last year.

The fiscal year runs from July to June.