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Top News

SBP mops up Rs 308.8bn from market

KARACHI: State Bank of Pakistan on Tuesday mopped up Rs 308.8 billion from the money market for three days as repo s
Published July 2, 2019

KARACHI: State Bank of Pakistan on Tuesday mopped up Rs 308.8 billion from the money market for three days as repo sale through its open market operation.

Eight bids of Rs 310.8 billion were received, of which 7 of Rs 310.8 were accepted.

The rate of return accepted is 12.20 percent per annum, said SBP release.

Copyright APP (Associated Press of Pakistan), 2019
 

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