SBP pulls Rs 82 billion out of money market

SBP pulls Rs 82 billion out of money market
Updated on

Summary Primary dealers had offered to buy T-bills of Rs 83.80 billion.

The State Bank of Pakistan (SBP) pulled out Rs 82 billion from the money market through open market operation (OMO).The central bank sold T-bills on 7-day repo at the annual interest rate of 12.2 percent. Primary dealers had offered to buy T-bills of Rs 83.80 billion.During last seven days, the SBP pulled out Rs 1.70 trillion from the market through six OMOs.
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