SBP Provided Rs 91.6 BLN to Commercial Banks

Lahore, Pakistan news: The State Bank of Pakistan has provided Rs 91.6 billion to the commercial banks to inject liquidity into the Money Market.

The central bank received offers of Rs 94 billion for re-buying T-bills and Pakistan Investment Bonds (PIBs) by operation market operation. The central bank accepted offers of Rs 91.6 billion. The central bank bought back PIBs and T-bills under 7-day reverse-repo at interest rate of 11.09 percent.