SBP gives Rs135b to banks for three days
The State Bank of Pakistan (SBP) on Tuesday provided Rs 135 b to the banks for three days, reported 24NewsHD TV channel.
The commercial banks were facing a severe shortage of money and the Domestic Markets & Monetary Management System of SBP came to rescue them. The SBP conducted the open market operation.
The banks will pay interest at the rate of 16.05% per annum on the amount