KARACHI: State Bank of Pakistan (SBP) has provided Rs11.22 billion to the banks for four days at 12.75 percent interest.

SBP went on open market operation for easing out the liquidity crunch in the banking system, when the banks offered to purchase from the Central Bank Treasury Bills worth Rs15.92. However, the Central Bank bought T-Bills valued Rs11.22 billion at 12.75 rate of interest for four days in a bid to keep the interest rate stable.