SBP gives Rs 45.15 billion to commercial banks

The State Bank of Pakistan has given Rs 45.15 billion to the commercial banks to inject funds into the money market. The central banks had received offers of Rs 73.60 billion for re-buying the T Bills and bank accepted the offers of Rs 45.60 billion. The duration for the re-bought bills is four days and the interest rate is 12.17 percent.