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Pakistani c.bank to buy T-bills in reverse repo

Written by: Staff
|

KARACHI, April 6 (Reuters) Pakistan's central bank said it would buy back Treasury bills from commercial banks on Thursday in a nine-day reverse repo operation to inject liquidity into a tight money market.

The State Bank of Pakistan did not say how much funds it would inject into the market.

The results of the auction will be announced at 11:15 a.m.

(0615 GMT) and settlement will be later in the day.

REUTERS SS BD2042

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