The State Bank of Pakistan on Monday injected Rs 690.9 billion into the money market through a 4-day reverse repo to help ease the tight liquidity in the banking system. In a statement, the central bank said it injected the amount at 8.79 percent per annum. Banks had offered bids worth Rs 726.35 billion for the open market operation.
Yeah go ahead and further devalue the currency and reduce buying power. Why isnt anyone objecting to these types of moves?
the major borrower is PPP Govt. Nothing is left for the private businessmen. All the banks are investing in the T Bills, The SBP must discourge banks to lend to Govt.
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