High 14 oC - Low 7 oC

SBP to buy back govt paper

REUTERS Friday, 11 May 2012 10:45 am | Comments
STATE BANK OF PAKISTAN

KARACHI - State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in a seven-day reverse repo to inject funds into the money market.
The State Bank of Pakistan did not say how much money it would inject through the open market operation.
The result of the auction will be announced at 1025 local time (0525 GMT) and settlement will be later in the day.

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