Pakistan c.bank to buy T-bills in 7-day reverse-repo
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))
© Thomson Reuters 2009 All rights reserved
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
One Year Later
Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and pushed up tensions with Pakistan. Slideshow | Full Coverage
