Updated on
Summary Owing to scarcity of capital in the market, the State Bank has injected Rs 100billion in the market.
State Bank provided the capital by buying Pakistan Investment Bonds and T-Bills for seven days. The rate of profit on them has been fixed at 13.34 percent. Primary dealers have offered to sell security papers worth Rs 119 billion.During the first 2 weeks of the new financial years, it was the third open market operation. The bank has provided Rs 181 billion since the July 1.
