Forex reserves up $ 57 million

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Pakistan's reserves have been reduced by debt repayments in August on a $397.2 million loan from the International Monetary Fund (IMF), the central bank said on Thursday.

Remittances from Pakistanis abroad rose 17.73 per cent to$13.186 billion in the 2011/12 fiscal year, which ended June 30, compared with $11.2 billion the previous year.

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