Thursday, June 10, 2010

SBP Gives Rs 62.15b to Commercial Banks

Lahore, Pakistan News: State Bank of Pakistan has provided Rs62.15 billion to the commercial banks to inject liquidity into the Money Market. The main bank received offers of Rs 102.35billion for re0buying T-bills and Pakistan Investment Bonds (PIBs). The bank accepted the offer of Rs62.15billion.

The central bank bought back PIBs and T-bills under 7-day reverse-repo at the interest rate of 12.8%

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