State Bank of Pakistan to inject money in Banking System

Saturday, July 7th, 2012 12:15:47 by

State Bank of Pakistan to inject money in Banking System

Karachi: (Friday, July 6, 2012) In order to increase the circulation of money in the system, the State Bank of Pakistan has decided to increase liquidity of the money in banks and financial markets. For doing so, the SBP will by
papers from commercial banks in seven-day.

Initially, while announcing its short term strategy, the SBP has not made it clear as to how much money will it be injecting into the banking system through the open market operations.

The result of the auction will be announced at 1030 a.m. (0530 GMT) and settlement will be later in the day.

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Short URL: https://www.newspakistan.pk/?p=28399

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