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Updated on
Summary
The State Bank of Pakistan (SBP) released Rs 120 billion to commercial banks in order to overcome liquidity crunch in the money market. SBP conducted open market operation to repurchase Pakistan Investment Bonds (PIB) and Treasury Bills (T-Bills). SBP received offers worth Rs 33.90 billion of which Rs 12.20 billion offers were accepted. The repurchased PIBs and T-Bills were termed for seven days and had mark up of 12.0 percent.
