Karachi: Pakistan’s foreign exchange reserves fell to $14.319 billion in the week ending Oct 12, the State Bank of Pakistan (SBP) said on Friday.

The forex reserves were $14.406 billion in the previous week

Pakistan’s reserves have been reduced by debt repayments in recent months, including a $109 million repayment to the International Monetary Fund (IMF).

Remittances from Pakistanis abroad rose 9.16 per cent to $3.6billion in the first quarter, July to September, of the 2012/13  fiscal year, compared with $3.297 billion in the same period  last year.

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