ISLAMABAD - Pakistan's foreign exchange reserves fell to $15.417 billion in the week ending June 8 from $15.536 billion in the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan fell to $11.117 billion from $11.243 billion, while those held by commercial banks rose slightly to $4.3 billion from $4.293 billion.
Remittances from Pakistanis abroad rose 19.54 percent to $12.07 billion in the first 11 months of the 2011/12 fiscal year.
, compared with $10.1 billion in the same period last year.
In May, remittances totalled $1.192 billion.
Pakistan's reserves have been drained by debt repayments of $2.53 billion in the current fiscal year.