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KARACHI: State Bank of Pakistan (SBP) has provided Rs21.40 billion for eight
days at the rate of 12.91 percent to the banks for tiding over the liquidity
crunch in the banking system.
Money market dealers said that that Central Bank resorted to open market
operation for buying back the T-Bills from the banks for removing the liquidity
crunch. The Central Bank had offered Rs26 billion T-Bills for sales for eight
days, but viewing the need of banking system Rs21.40 billion worth of T-Bills
were bought for eight days at the rate of 12.91 percent. |
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