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Pakistan c.bank to buy T-bills in 7-day reverse-repo

Sat Oct 25, 2008 10:01am IST
 
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KARACHI, Oct 25 (Reuters) - Pakistan's central bank said on Saturday it will buy Treasury bills under seven-day reverse-repo contracts to inject liquidity into the money market.

The State Bank of Pakistan did not say how much money it will absorb in the open market operation.

The result of the auction will be announced at 11 a.m. (0500 GMT) and settlement will be later in the day. ((Karachi Newsroom; +92-21 5685192; fax; 92-21 567 3428))

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