E-Paper | November 15, 2024

State Bank to buy government paper in reverse repo

Reuters Published March 14, 2011

State Bank
The State Bank of Pakistan. — File Photo

KARACHI: Pakistan's central bank said it would buy government paper from commercial banks on Monday in a four-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 11:00 a.m. (0600 GMT) and settlement will be later in the day.

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