Updated on
Summary The bank provided money through Open Market Operation to overcome the liquidity crunch.
The State Bank of Pakistan (SBP) has injected Rs 39.90 billion in the money market through Open Market Operation to overcome the liquidity crunch. The central bank provided the money by purchasing treasury bills and the Pakistan Investment Bonds for seven days on 12.92 percent annual interest rate. Primary dealers had offered Rs 55.15 billion for the Open Market Operation.
