Updated on
Summary
State Bank of Pakistan bought back Rs 23.50 billion of Treasury bills on Thursday under nine-day reverse-repo contracts at 11.9 percent to inject liquidity into a tight money market. The central bank was offered Rs 23.50 billion to buy the T-bills and Pakistan Investment Bonds (PIBs) and the bank accepted the offer. The main purpose of buying back these T-bills was to inject liquidity into a tight money market.
