Updated on
Summary The State Bank of Pakistan (SBP) provided Rs 13.55 billion to commercial banks in order to overcome liquidity crunch in the money market.
SBP provided this money through open market operation by rebuying Pakistan Investment Bonds (PIB) and Treasury Bills (T-Bills) on 12.85 percent annual rate. SBP received offers worth Rs 19.35 billion and accepted Rs 13.55 billion offers.
