Times of Islamabad

State Bank of Pakistan injects Rs 725 billion into money market

State Bank of Pakistan injects Rs 725 billion into money market

KARACHI :State Bank of Pakistan link onFriday injected Rs 725 billionlink into moneylink marketlink for seven days asreverse repo purchase through its open marketlink operation.

Eighteen bids of Rs 830.050 billionlink were offered, ofwhich 16 bids of Rs 725 billionlink were accepted.

The rate of return accepted is 13.27 percent per annum, said SBP pressrelease.