Updated on
Summary
State Bank of Pakistan has pulled extra money from the money market through open market operation by selling T-bills on Friday. The Central Bank sold T-bills of worth Rs 20.50 billion for 8 day through repo sales. The bank re-buy the bills after 8 days and will pay profit on it at the rate of 12.34 percent. Money Market dealers made offers worth 34.50 billion rupees for the repo sales.
