State Bank Injects Rs510 Billion in Money Market to Ease Liquidity Crunch
KARACHI: The State Bank of Pakistan on Friday injected Rs510 billion into the money market through a 7-day reverse repo to help ease liquidity crunch of the banking system.
In a statement, the central bank said it injected the amount at 9.01 percent per annum. The banks had offered bids worth Rs603.25 billion for the open market operation.
