SBP injects Rs1.6tr to ease liquidity pressure

KARACHI: The State Bank of Pakistan (SBP) injected Rs1,603.6 billion into the banking system on Friday through reverse repo purchases and Shariah-compliant Mudarabah-based open market operations (OMO), aiming to sustain adequate liquidity and ensure smooth functioning of money markets. Read More: SBP chief expects broader recovery than IMF forecast According to details released by the central […]