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Summary The SBP has injected Rs 23.05 billion to money market through Open Market Operation.
The State Bank of Pakistan (SBP) has added Rs 23.05 billion to the money market through OMO to overcome the liquidity crunch.The central bank provided the money by purchasing treasury bills and the Pakistan Investment Bonds for four days on 12.09 percent interest rate. According to experts, investors take shares at 12.92 percent per annum and sell at 13.92 percent, due to which they earn a huge profit.
