KARACHI (Staff Report) - State Bank of Pakistan (SBP) injected Rs 926 billion into the banking system at rate of 5.84 percent per year for seven days to save it from liquidity crunch.
According to an SBP statement, it conducted open market operation and injected Rs 926 billion in the banking system.
The SBP said that it received 20 applications for providing a whopping Rs960 billion to the banking system but it accepted 18 offers amounting to Rs 926 billion.
