SBP pulls out Rs35.95b under repurchase agreement

State Bank of Pakistan pulled out capital from the mini market for one day under the repurchase agreement on Thursday. According to Karachi interbank market sources, the SBP has sold the treasury papers amounting to Rs35.95billion for one day. Interest rate on the sold papers is 11.10 percent. Earlier, the dealers floated offers of Rs40.40 billion for repurchase agreement.