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SBP to buy t-bills in 6-day reverse-repo

Published Updated

KARACHI: Pakistan's central bank said it will buy back treasury bills from commercial banks on Saturday in six-day reverse-repo contracts to inject liquidity into the money market.

The State Bank of Pakistan did not say how much money it will inject in 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, 2011

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