Pakistans foreign exchange reserves rose to a record $17.38 billion in the week ending Jan. 29, up from $17.30 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) rose to $13.85 billion from $13.74 billion in the week ending Jan. 29, while those held by commercial banks fell to $3.53 billion from $3.56 billion, said the SBP. Analysts said the rise was due to a rise in remittances from overseas Pakistanis. According to official data, remittances rose 17 percent to $5.3 billion in the first six months of the fiscal year 2010/11 (July-June).