SBP injects Rs1,781bln

KARACHI: The State Bank of Pakistan (SBP) on Monday injected Rs1,781 billion in the interbank market in a four-day reverse repo to ensure liquidity in the banking system.

The central bank injected the amount at 5.77 percent, slightly above the policy rate.

Market analysts said that the central bank pumped bulk amount owing to serious liquidity in the banking system; following cash demand for Eid festival.

Dealers said the banks required liquidity and offered the central bank lending against maturities.