Funding of Rs9.003 trillion for 28 days at 17.56% interest rate has been done to conventional banks

Published a year ago on Sep 13th 2024, 8:01 pm
By Web Desk

Karachi: State Bank of Pakistan has provided Rs11.772 trillion to banks for open market operations.
According to the central bank, funding of Rs2.643 trillion has been provided to conventional banks for seven days at an interest rate of 17.56 percent.
Apart from this, funding of Rs9.003 trillion for 28 days at 17.56% interest rate has been done to conventional banks, while funding of Rs125 billion has been done to Islamic banks for seven days at 17.59 percent interest rate.
The State Bank said that no bid was given for the 28-day market operation.
ECP disqualifies nine lawmakers including Shibli Faraz, Omar Ayub, Zartaj Gull
- an hour ago

Collier ankle injury sours Lynx's rout of Aces
- an hour ago
Trump threatens tariff hike on India over Russian oil imports
- 3 hours ago

The incredible global collapse of fur production, explained in one chart
- 2 hours ago
Naval Chief Admiral Naveed Ashraf awarded Turkiye’s prestigious Legion of Merit
- 2 hours ago

Khabib hopes McGregor changes 'how he is living'
- an hour ago

Gold prices plummet in Pakistan, global markets
- 43 minutes ago
Chevening scholarship applications opened for Pakistani students
- 31 minutes ago

PMD predicts more rain in upper Punjab, KP, and Kashmir
- 3 hours ago

Electricity prices likely to drop by Rs0.77 per unit in August
- 3 hours ago

Republicans want to give Uber workers benefits. There’s a catch.
- 2 hours ago

Pakistan’s budget deficit falls as revenues rise
- 4 hours ago
You May Like
Trending