SBP infuses Rs 12 tr into banks
KARACHI: The State Bank of Pakistan (SBP) on Friday injected about Rs 12 trillion into the money market through conventional and Shariah-compliant open market operations (OMOs) to ensure adequate liquidity in the banking system. According to the central bank’s Department of Internal Markets and Monetary Management, the SBP accepted Rs 11.99 trillion in face value in the conventional reverse repo (injection) facility at a flat rate of 11.01% per annum. Of the total, Rs 675 billion were accepted for seven days and Rs 11.32 trillion for 14 days. The act attracted a total of 31 bids, with the seven-day portion
