State Bank provides Rs 107 billion to commercial banks

State Bank provides Rs 107 billion to commercial banks
Updated on

Summary

The State Bank of Pakistan has provided Rs 107 billion to the commercial banks to inject liquidity into the Money Market, Dunya News Sunday reported on Saturday. The central bank had received offers of Rs 127 billion for re-buying T-bills and Pakistan Investment Bonds (PIBs). The bank accepted the offers of Rs 107 billion. The Bank bought back PIBs and T-bills under 7-day reverse-repo at 12.25 percent.
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