Friday, February 10, 2012
- Australia beat Sri Lanka by 5 runs, remain unbeaten in tri-series
- Blasts, firing near PTIs rally leave 7 injured in Swabi
- Imran says will shoot down drones if comes to power
- 25 killed, 175 injured in Syria blasts
- Aqib Javed resigns as bowling coach
- NATO supplies from Pakistani airspace never stopped: Pentagon
- 11 militants killed, 19 injured in Orakzai operation
- Mansoor Ijaz to record statement via videolink on Feb 22
- LHC adjourns hearing of petition against TCP
- Jamaat Ali Shah rejects treason charges
Rs15b injected into banks
ISLAMABAD (APP) - State Bank of Pakistan (SBP) injected Rs 15 billion into the banking system to ease off the liquidity crunch in the market at a rate of 11.90pc for nine days.
According to a TV channel, the amount was injected through open market operation. The banks offered Rs 23.50 billion treasury bills for sale, however the Central Bank accepted Rs 15b bids for nine days at a rate of 11.90 percent.
According to money market dealers, there was an outflow due to Eid-ul-Azha, hence the Central Bank had to carry out an open market operation to remove the shortage.
According to a TV channel, the amount was injected through open market operation. The banks offered Rs 23.50 billion treasury bills for sale, however the Central Bank accepted Rs 15b bids for nine days at a rate of 11.90 percent.
According to money market dealers, there was an outflow due to Eid-ul-Azha, hence the Central Bank had to carry out an open market operation to remove the shortage.
This news was published in print paper. Access complete paper of this day.
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