SBP sells T-bills of Rs 19bn

Updated on

30 Nov -1, 00:00:00 LMT

Summary

To absorb the excess liquidity out of the market, State Bank of Pakistan has sold T-bills of worth Rs 19 billion through Open Market Operation. The Central Bank received offers worth Rs 24.5 billion of which SBP accepted the offers of Rs 19 billion on which interest rate is 11 percent with 7 days period.