SBP adds Rs 2.16t in system

SBP adds Rs 2.16t in system
Updated on

Summary The SBP injected Rs 2.16 trillion into the system to end the liquidity crunch.

The State Bank of Pakistan enhanced liquidity through buying T-bills, investment bonds and provision of capital under open market operation for seven days at 11.47 percent per year.Money market is facing the dearth of capital from the first day of the new fiscal year and the central bank is providing capital on permanent basis.The bank has added more than Rs 10.24 trillion in the system during October.