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

The State Bank of Pakistan in its open market operation in treasury bills and Pakistan Investment Bonds injected Rs 119.500 billion in the banking system.

According to SBP here Friday, the offered amount was Rs 174.200 billion while the rate of return improved to 11.63 per cent per annum.