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

KARACHI: Pakistan's central bank said it would buy government paper from commercial banks on Monday in a four-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 1045 am (0545 GMT) and settlement will be later in the day.

More From This Section

Dar takes tax officials to task over target

Chief commissioners were called in to work out means for showing growth in revenue collection to reach the target.

Amount of unpaid power bills increases to Rs286bn

Power companies blame poor governance of power sector for the fresh build-up of unpaid bills known as circular debt.

PTA dispels reports of dismal response to 3G, 4G auction

PTA says response was “very encouraging and satisfactory”, and that the auction will go through on April 23.

Interest payments on domestic debt grow

SBP has revealed that there has been a 9pc annualised growth in interest payments on domestic debt during Jul-Jan FY14.


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