July 13, 2002	Saturday	Jamadi-ul-Awwal 2, 1423

KARACHI, July 12: The inter-bank market on Friday continued to face the liquidity crisis that hit the market after the State Bank had drained out Rs66 billion from the system on Thursday.

Senior bankers said the market had to make overnight borrowing of Rs11.6 billion from the State Bank discount window despite an outright injection of Rs18.10 billion by the central bank.

The SBP said it injected Rs18.10 billion into the inter-bank market through one week reverse repo of treasury bills at 7.25 per cent.

This means that after a week the SBP would resell Rs18.10 billion worth of T-bills to the banks.

On Thursday also the market had discounted by Rs31.5 billion.