State Bank adds Rs 26 billion to system

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State Bank adds Rs 26 billion to system

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State Bank added Rs 26 billion to system to make up the shortage of capital in money market.

03 July,2011 02:55 am

Central Bank has made it possible by purchasing Pakistan Investment Bonds and T-Bills through open market operation.The ratio of profit on these papers purchased for six days has been decided to be 13.22%.Primary dealers had offered the sale of security papers worth Rs 34.50 billion for open market operations.