SBP gives Rs 85.40 billion to commercial banks

SBP gives Rs 85.40 billion to commercial banks
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Summary

The State Bank of Pakistan has provided Rs 85.40 billion to the commercial banks to inject liquidity into the Money Market, Dunya News Saturday reported. The central bank had received offers of Rs 85.40 billion for re-buying T-bills and Pakistan Investment Bonds (PIBs). The bank accepted all the offers given by primary dealers. The Bank bought back PIBs and T-bills under 7-day reverse-repo at 12.13 percent.
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