SBP provides Rs 90.05 billion to commercial banks

SBP provides Rs 90.05 billion to commercial banks
Updated on

Summary

The State Bank of Pakistan has provided Rs 90.05 billion to the commercial banks to inject liquidity into a tight Money Market, Dunya News reported on Saturday. The central bank had received offers of Rs 115.40 billion for re-buying T-bills and Pakistan Investment Bonds (PIBs). The bank accepted the offers of Rs 90.05 billion. The Bank bought back PIBs and T-bills under 7-day reverse-repo at 12.23 percent.
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