SBP Injects 10.15 Billion To Overcome Liquidity Crunch

The State Bank of Pakistan has provided Rs 10.15 billion to the commercial banks in order to inject liquidity into the Money Market.
The central bank carried out an open market operation, State Bank received offers of Rs 17.15 billion for re-purchasing T-bills and Pakistan Investment Bonds (PIBs). The central bank accepted offers of Rs 10.15 billion. The central bank bought back PIBs and T-bills under 5-day reverse-repo at interest rate of 11.99 percent.