SBP provides Rs 74.70 bn to commercial banks

State Bank of Pakistan (SBP) has provided Rs 74.70 billion to commercial banks to inject liquidity into a tight money market. The central bank was offered Rs 78.20 billion to buy the T-bills and Pakistan Investment Bonds (PIBs). SBP has provided RS 34.95 billion to commercial banks on Saturday under seven-day reverse-repo contracts at 12.2 percent while it has provided RS 39.75 billion under fourteen-day reverse-repo contracts at 12.2 percent.