The State Bank of Pakistan.—File Photo

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

State Bank of Pakistan in its open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 32 billion in the banking system.

According to SBP here Tuesday, the offered amount was Rs 61.700 billion while the rate of return improved to 11.70 per cent per annum.

More From This Section

PM orders judicial probe into attack on Hamid Mir

The government also announced a reward of Rs10 million for any information leading to the arrest of culprits.

UN officials confirm staff members go missing in Pakistan

Two local employees working for the Unicef were suspected to have been kidnapped from Karachi.

Punjab govt accused of being soft on militants

Senior officials say the govt has been “sleeping over” regular intelligence reports on militants' presence in Punjab.

Slain ANP leader’s house attacked; Police foil terror bid

Unknown gunmen attacked the house of the late Mian Mushtaq late last night and abducted three of his relatives.


Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Poll
From The Newspaper
Tweets