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SBP injects Rs132 bn to deal with money shortage

Virtual Position Forum :: Policy Matters :: Business Affairs

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GMT + 3 Hours SBP injects Rs132 bn to deal with money shortage

Post by Noor Bangash Wed Sep 14, 2011 10:06 am

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KARACHI: The State Bank of Pakistan (SBP) has supplied banks with Rs132 billion for seven days to deal with the shortage of money, Geo News reported Friday.

According to money market dealers, the central bank has loaned this amount at an interest rate of 13.5%.

Dealers added that after the withdrawal of Rs140 billion due to maturities, the central bank conducted an open market operation.

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