SBP to buy govt paper in reverse repo

Published Aug 31, 2012 06:10am

The State Bank of Pakistan — File Photo
The State Bank of Pakistan — File Photo

KARACHI: The State Bank of Pakistan 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 result of the auction will be announced at 0545 GMT and settlement will be later in the day.

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AsifAmeer (@AsifAmeer_AP)
Aug 31, 2012 02:15pm
Rs 379.85 Billion ... yup!