SBP to buy govt paper in reverse repo

State Bank of Pakistan

KARACHI: State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Monday in a four-day reverse repo to inject funds into the money market.

SBP did not say how much money it would inject through the open market operation.The result of the auction will be announced at 1045 a.m. (0545 GMT) and settlement will be later in the day. – Dailytimes