SBP provides Rs 41.35 bn to commercial banks

The State Bank of Pakistan on Thursday provided Rs 14.35 billion to the commercial banks to inject liquidity into the Money Market. The central bank had received offers of Rs 42.35 billion for re-buying T-bills through Open Market Operation. The bank accepted offers of Rs 41.35 billion. The central bank bought back T-bills at interest rate of 12.05 percent.