02112016Thu
Last update: Thu, 11 Feb 2016 06pm
Home» Pakistan » Banking & Finance

SBP to buy govt paper in reverse repo

sbp2-400KARACHI: State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in seven-day reverse repo to inject funds into the money market.

 

SBP did not say how much money it would inject through the open market operation.

 

The result of the auction will be announced at 10:30 a.m. (0530 GMT) and settlement will be later in the day.

 

Copyright Reuters, 2012