SBP buys govt papers worth Rs 90b

SBP buys govt papers worth Rs 90b
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Summary The SBP has purchased Pakistan Investment Bond and Tbills to end shortage of funds from the market.

The T-bills has purchased for seven days at 13.45 percent interest per year.The investors offered to sell T-bills and bonds worth Rs157 billion. The market is facing sever currency liquidity crunch. The central bank has added Rs 2.94 trillion in the market during the last three under OPO.
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