SBP Injects 94 Billion To Overcome Liquidity runch

The State Bank of Pakistan (SBP) released Rs 94 billion to commercial banks in order to overcome liquidity crunch in the money market.
SBP conducted open market operation to repurchase Pakistan Investment Bonds (PIB) and Treasury Bills (T-Bills). SBP received offers worth Rs 129.4 billion of which Rs 94 billion offers were accepted. The repurchased PIBs and T-Bills were termed for nine days and had mark up of 12.3 percent.