June 19, 2013 | Shaba'an 9, 1434


State Bank to buy govt paper in reverse repo

Reuters
Published 2012-11-02 11:23:46

The State Bank of Pakistan — File Photo

state-bank-of-pakistan670

The State Bank of Pakistan — File Photo

KARACHI: Pakistan's central bank said it would buy government paper from commercial banks on Friday in a 10-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 10:35 am (0535 GMT) and the settlement will be later in the day.

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Comments (1)

raika45
November 2, 2012 6:59 am
Is this not another sort of round about way for the government ti print more money.
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