SBP provides Rs 15 billion to commercial banks

The State Bank of Pakistan on Monday provided Rs 15 billion to the commercial banks to inject liquidity into the Money Market. The central bank had received offers of Rs 29 billion for re-buying T-bills through open market operation. The bank accepted offers of Rs 15 billion. The central bank bought back T-bills under 4-day reverse-repo at interest rate of 12 percent.