SBP offers Rs 30 billion treasury bills for sale

07 Dec, 2004

The State Bank has invited tenders for the sale of treasury bills and set a target of Rs 30 billion. Market sources said that the State Bank has set the target in the wake of huge inflows expected into the market on the same settlement day. Experts said that the expected inflows would be around Rs 30 billion and they believe that the outflow of Rs 30 billion would not affect the money market rates.

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