Updated on
Summary
State Bank of Pakistan bought back Rs 16.55 billion of Treasury bills on Tuesday under four-day reverse-repo contracts at 12.26 percent to inject liquidity into a tight money market. The central bank was offered Rs 46.40 billion to buy the T-bills and Pakistan Investment Bonds (PIBs) but the bank accepted only Rs 16.55 billion. The main purpose of buying back these T-bills was to inject liquidity into a tight money market.
