The State Bank of Pakistan (SBP) sold a total of Rs 7,000 million of Market Treasury bills (MTBs) on Tuesday in a nine-day and 14-day repo operation to mop up funds from the money market.
The Rs 2,000 million of Market Treasury Bills were sold in a nine-day repo operation at 8.55 percent, while Rs 5,000 million Market Treasury Bills were sold in a 14-day repo operation at 8.6 percent.