State Bank gives Rs 60.20 billion to commercial banks
Business
State Bank gives Rs 60.20 billion to commercial banks
The State Bank of Pakistan has provided Rs 60.20 billion to the commercial banks to inject liquidity into a tight Money Market. The central bank had received offers of Rs 92.40 billion for re-buying T-bills and Pakistan Investment Bonds (PIBs). The bank accepted the offers of Rs 60.20 billion. The Bank bought back PIBs and T-bills of worth Rs 16.50 billion under two-day reverse-repo contracts at 12.27 percent and PIBs and T-bills of worth Rs 43.70 billion under 9-day reverse-repo at 12.26 percent.
