Times of Islamabad

State Bank of Pakistan injects Rs 150 billion into money Market

State Bank of Pakistan injects Rs 150 billion into money Market

KARACHI – State Bank of Pakistan (SBP) on Tuesdayinjected Rs 150 billion into money market for three days as reverserepo purchase through its open market operation.

Nine bids of Rs 191.2 bln were offered, of which five worthRs 150 billion were accepted.

The rate of return accepted was 10.83percent per annum, an SBP press release said.