SBP provides money to banks through two open market operations

 The State Bank of Pakistan (SBP) has provided money to the banks through two open market operations, 24NewsHD TV channel reported on Friday.

 More than Rs3,775 billion was provided through open market operations, the SBP stated.

The central bank provided over Rs1256 billion to the banks for six days and it will get a 22.10% per annum interest rate.

The SBP provided over Rs2,518b for 77 days and will get a 22.11% per annum interest rate.