SBP injects Rs42.35 bn to overcome liquidity crunch

Tuesday, August 31, 2010 at 2:34 am

The State Bank of Pakistan (SBP) released Rs 42.35 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 45.65 billion of which Rs 42.35 billion offers. The repurchased PIBs and T-Bills were termed for seven days and had mark up of 12.20 percent.