SBP injects Rs 9.350 billion into money market

14 Jan, 2005

The State Bank of Pakistan on Thursday injected Rs 9.350 billion into the money market to offset the impact of heavy withdrawal for Eid season. The market was short of liquidity and the banks were facing withdrawal by the general public for Eid, said banking sources. Despite this injection, banks also opted for discounting and the State Bank discounted Rs 2.6 billion.

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