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SBP to buy govt paper in reverse repo

KARACHI : State Bank of Pakistan 's (SBP) said it would buy government paper from commercial banks on Friday in 7-day r
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By Shoaib Ur Rehman
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sbpKARACHI: State Bank of Pakistan's (SBP) said it would buy government paper from commercial banks on Friday in 7-day reverse repo to inject funds into the money market.

The State Bank of Pakistan did not say how much money it would inject through the open market operation.

 

Copyright Reuters, 2011

 

State Bank of Pakistan (SBP)

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