SBP injects Rs25.10b to overcome liquidity crunch

Wednesday, September 1, 2010 at 4:59 am

The State Bank of Pakistan (SBP) released Rs 25.10 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 28.90 billion. The other day, the bank injected Rs32.65 billion into the market. The repurchased PIBs and T-Bills were termed for seven days and had mark up of 12.25 percent.