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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


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln