Pakistan foreign reserves drop below $11 billion

Published
0

KARACHI, July 12: Pakistan's foreign exchange reserves dropped to $10.543 billion in the week ending July 5, from $11.007 billion the previous week, the central bank said.

Reserves of the State Bank fell by 7.7 per cent from $6.009 billion to $5.546 billion while commercial banks maintained their level of reserves at $4.997 billion.

Remittances from Pakistanis abroad rose 5.56 percent to $13.92 billion in the 2012/13 fiscal year, from $13.18 billion during the previous fiscal year.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Antalya agenda
Updated 09 Nov, 2026

Antalya agenda

For Pakistan, the priority should be to secure easier access to climate funds, more grants rather than debt-creating loans, and clear deadlines for financial contributions.
Beyond viewership
09 Nov, 2026

Beyond viewership

PAKISTAN has an enormous appetite for online content. According to the Pakistan Telecommunication Authority, it...
Rabid Modi
Updated 09 Nov, 2026

Rabid Modi

Modi’s silence throughout his reign of fear shows his endorsement of hate.
Trump’s choice
Updated 08 Nov, 2026

Trump’s choice

In order to prevent a new military and economic crisis, the US leadership must prioritise diplomacy over war.
Bilawal’s advice
08 Nov, 2026

Bilawal’s advice

PPP CHAIRPERSON Bilawal Bhutto-Zardari has given sound advice to the government to stop “fighting everyone”. And...
Cashless ambition
08 Nov, 2026

Cashless ambition

THE prime minister’s call for a time-bound roadmap to make all payments digital has given the government’s...