— injects Rs50 billion in banking system

KARACHI: The State Bank of Pakistan (SBP) on Tuesday injected Rs50 billion in the banking system for three days through its open market operation, the central bank reported.
The bids offered for this injection were of Rs53 billion. The rate of return accepted is eight percent per annum.
Banking sector analysts said the central bank injected a nominal amount of liquidity in the banks, showing the market is well-supplied and the liquidity position of the banks is strong.