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The State Bank of Pakistan. - File Photo.
Karachi: The state Bank of Pakistan said it would buy government paper from commercial banks on Friday in a seven-day reverse repurchase agreement. This monetary policy's tool will be exercise in order 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 10:35 am.
