Banks issued Rs2,429bn for operations

Karachi: The State Bank of Pakistan (SBP) has provided Rs2,429 billion to banks for seven and 28-day market operations.

The State Bank provided Rs1,100 billion to conventional banks for seven days at an annual interest rate of 13.04 percent.

Rs1,145 billion has been provided to conventional banks for 28 days at an annual interest rate of 13.04 percent.

The State Bank has provided Rs179 billion to Islamic banks for seven days at an annual interest rate of 13.08 percent.

Rs5 billion has been provided to Islamic banks for 28 days at an annual interest rate of 13.08 percent.