KARACHI:

The Pak Banker - - FRONT PAGE - Staff Re­porter

State Bank of Pak­istan (SBP) has in­jected Rs 850 bil­lion in the bank­ing sys­tem in its re­verse repo open mar­ket op­er­a­tion to meet the short­age of liq­uid­ity. Ac­cord­ing to the mar­ket sources, the liq­uid­ity short­age was seen as slowed down in the trans­ac­tion of the money by a large num­ber of bank­ing cus­tomers af­ter im­po­si­tion of the 0.3 per­cent with­hold­ing tax on the trans­ac­tion of above Rs 50,000. In the open mar­ket op­er­a­tion, the of­fered amount was Rs 913 bil­lion at the rate of re­turn for 7-day re­mained un­changed at 6.51 per­cent per an­num.

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