SBP buys govt bonds

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SBP buys govt bonds

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The SBP has purchased government bonds to end the liquidity crunch in money market.

19 July,2011 07:41 pm

The State Bank of Pakistan bought T-bills and Pakistan Investment Bonds worth Rs 22.55 billion for three days at interest rate of 13.55 percent per year.The primary dealers offered bids of Rs 49.35 billion to sell government paper.