The State Bank of Pakistan.—File Photo

KARACHI: Pakistan’s central bank bought Rs 545 billion worth of government paper from commercial banks on Friday in a seven-day reverse repo to inject funds into the money market.

State Bank of Pakistan (SBP) injected the Rs 545 billion in the Government of Pakistan Market Treasury Bills and Pakistan Investment Bonds.

The bids offered amounted Rs 569.55 billion and the rate of return is 9.01 per cent, said SBP statement here.

More From This Section

3G and 4G auction to yield $1.3bn, says Dar

The fee would be recovered within five years, and the licence would be valid for 15 years.

16 MoUs signed at business meeting

Over 300 representatives of the private and public sectors from CARs, Afghanistan and Pakistan attended the conference.

Bulls stage spectacular rally of 362 points

Bulls tossed KSE-100 index up by 362.38 points to a high at 29,458.15 in a rally effectively led by foreign investors.

Sindh revenue collection jumps by 23pc

Revenue collection in Sindh between July 2013 and March 2014 stood at Rs23.7bn, witnessing an increase of 23 per cent.

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?
From The Newspaper