KARACHI: In order to manage the liquidity in the market, the State Bank of Pakistan (SBP) has injected Rs689.15 billion into the market through a 10-day open market operation.
An analyst said that the central banks conducted open market operation to manage the liquidity in the market and there was some liquidity crunch, for which the SBP injected money.
The central bank offered Rs694.15 billion and the banks accepted offers of Rs689.15 billion against a rate of return of 9.30 percent.
ISLAMABAD: The Power Division has introduced a new and simplified electricity bill format across the country to improve consumer convenience,...
ISLAMABAD: Following a sharp decline in global crude oil prices, petroleum product prices in Pakistan are expected to decrease in...
ISLAMABAD: Chinese investors have reaffirmed their long-term commitment to Pakistan’s capital markets following the resolution of key regulatory matters by...
ISLAMABAD: Leading business representatives have expressed mixed reactions to the federal budget, arguing that the salaried class deserved greater relief...
