SBP provides Rs 17.95 billion to commercial banks

The State Bank of Pakistan on Tuesday provided Rs 17.95 billion to the commercial banks to inject liquidity into the Money Market. The central bank had received offers of Rs 21 billion for re-buying T-bills through open market operation. The bank accepted offers of Rs 17.95 billion. The central bank bought back T-bills under 3-day reverse-repo at interest rate of 11.99 percent.