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SBP to buy govt paper in reverse repo

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The State Bank of Pakistan.—File Photo

KARACHI: Pakistan’s central bank said it would buy government paper from commercial banks on Friday in seven-day reverse repo to inject funds into the money market.

The State Bank of Pakistan did not say how much money it would inject through the open market operation.

The results of the auction were to be announced at 10:25 am, with settlement later in the day.

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