State Bank buys Rs 31.60 bn of T-bills

Updated on

30 Nov -1, 00:00:00 LMT

Summary

State Bank of Pakistan bought back Rs 31.60 billion of Treasury bills on Saturday under two-day reverse-repo contracts at 12.6 percent to inject liquidity into a tight money market. The central bank was offered Rs. 50.70 billion to buy the T-bills and Pakistan Investment Bonds (PIBs) but the bank accepted only Rs. 31.60 billion.