KARACHI: The State Bank of Pakistan on Thursday soaked up Rs1.197 trillion from the banking system through open market operation to curb excessive liquidity, the central bank said.
The SBP received bids worth Rs1.202 trillion, of which accepted bids valued at Rs1.197 trillion. The rate of return stood at 6.44 percent/annum. The bid range for the one-day repo sale ranged from 6.25 percent to 6.50 percent, it added.
In this picture, the PCJCCI logo can be seen on September 1, 2022. — Facebook/Pakistan China Joint Chamber of...
A representational image of a US flag pictured alongside a street sign reading "Wall Street" in the New York city. —...
A security guard sits in front of a wall with signs and slogans at the operation building at the Pakistan Steel Mills ...
A worker cleans the entrance to the headquarters of Bank Indonesia, the nation's central bank, in Jakarta, Indonesia....
The MCB's logo is seen on a wall outside the bank's head office. — MCB websiteKARACHI: MCB Bank Limited on...
A foreign currency dealer counts US dollars at a shop in Karachi. — AFP/FileKARACHI: The rupee lost ground against...