SBP injects huge amount into banking system – Wajobz

SBP injects huge amount into banking system – Wajobz

KARACHI: Pakistan’s central bank has injected a significantly large amount of Rs4.77 trillion into the banking system for up to four weeks to enable conventional and Shariah-compliant banks to meet the cash-strapped government’s financing needs. Market talk suggests that the State Bank of Pakistan (SBP) supplied a huge liquidity despite excessive funds with commercial banks … Read more