Pakistan's foreign exchange reserves cross $21 billion mark

The country's total liquid foreign exchange reserves stood at $21.074 billion at the end of last week. According to SBP, weekly foreign exchange reserve report issued on Thursday, during the week ending December 25, 2015, SBP's liquid forex reserves increased by $559 million to $16.172 billion, compared to $15.613 million in the previous week. During the week, SBP received $500 million from the International Monetary Fund (IMF) under the Extended Fund Facility. Similarly, reserves held by banks stood at 4.902 billion at the end of last week.