SBP injects more Rs 2.49t in money market

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SBP injects more Rs 2.49t in money market

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The SBP added Rs 2.49 trillion into the system to end the liquidity crunch.

30 September,2011 06:11 pm

The State Bank of Pakistan enhanced liquidity through buying T-bills, investment bonds and provision of capital under open market operation at 13.26 percent per year.Money market is facing the dearth of capital from the first day of the new fiscal year and the central bank is providing capital on permanent basis.The bank has added Rs 10.24 trillion in the system during the September.