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Summary
To absorb the excess liquidity out of the market, State Bank of Pakistan has sold T-bills worth Rs 6 billion through Open Market Operation. The Central Bank received offers worth Rs 9 billion, of which SBP accepted the offers of Rs 6 billion on which interest rate is 10.95 percent with 6 days period. Mark-up of 11.68 percent would be given on the sold T-bills.
