—File Photo

KARACHI: Pakistan’s foreign exchange reserves dropped to $13.474 billion in the week ending Feb 1, from $13.549 billion in the previous week, the central bank said on Thursday.

Remittances from Pakistanis abroad rose 12.51 percent to $7.116 billion in the first half, July to December, of the 2012/13 fiscal year, from $6.325 billion in the same period last year.