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.