Liquidity crunch has been created in the money market due to extra withdrawal of money from banks by the people before Eid. The State Bank of Pakistan (SBP) released Rs 1.29 trillion in the system in order to overcome liquidity crunch in the money market during the last four days.
According to report, SBP conducted open market operation for three times. The central bank bought government papers of worth Rs 32.65 billion on August 31, Rs 21.10 billion on September 1 while Rs 76.37 billion on September 3 to reduce liquidity crunch.
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