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PAKISTAN'S CENTRAL BANK ABSORBS US$305 MLN FROM BANK SECTOR.
KARACHI, Jan 1 Asia Pulse - After scrapping 96 per cent bids for treasury bills last week to avoid fuelling expectations of an interest rate spike, the State Bank mopped up Rs17.5 billion (US$305 million) from the banking system for one week.
The SBP undertook this via an open market operation.
Senior bankers said the SBP drained liquidity from the system through one-week repo ...
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