SBP buys T-Bills worth Rs21.40 billion

Posted on May 29, 2009

KARACHI: State Bank of Pakistan (SBP) has provided Rs21.40 billion for eight days at the rate of 12.91 percent to the banks for tiding over the liquidity crunch in the banking system. Money market dealers said that that Central Bank resorted to open market operation for buying back the T-Bills from the banks for removing [...]