close
Tuesday May 07, 2024
Today's Paper
Prayer Timing
Epaper
Business

SBP injects Rs1.075trln into money market

KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1.075 trillion into the money market for seven days through open market operations (OMO), a central bank statement said. The rate of return accepted was 6.51 percent per annum. Analysts said that the central bank is frequently pumping cash into

By our correspondents
August 29, 2015
KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1.075 trillion into the money market for seven days through open market operations (OMO), a central bank statement said.
The rate of return accepted was 6.51 percent per annum.
Analysts said that the central bank is frequently pumping cash into the market to cater the liquidity requirement of the banks.