SBP provides Rs 60.40 billion to commercial banks

SBP provides Rs 60.40 billion to commercial banks
Updated on

Summary

The State Bank of Pakistan has provided Rs 60.40 billion to the commercial banks to inject liquidity into a tight Money Market, Dunya News Saturday reported. The central bank had received offers of Rs 72.40 billion for re-buying T-bills and Pakistan Investment Bonds (PIBs). The bank accepted the offers of Rs 60.40 billion. The Bank bought back PIBs and T-bills under 7-day reverse-repo at 12.21 percent.
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