Times of Islamabad

State Bank of Pakistan mopped up Rs 105 billion from money market

State Bank of Pakistan mopped up Rs 105 billion from money market

KARACHI: The State Bank of Pakistan (SBP) on Thursday mopped up Rs 105billion from the market for one day as repo sale through its open marketoperation.

Two bids of Rs 111 billion were offered, of which one of Rs 105 billion wasaccepted. The rate of return accepted is 12.20 percent per annum, said aSBP statement.