SBP to sell T-bills in 6-day repo

KARACHI: State Bank of Pakistan (SBP) Friday said it will sell treasury bills to commercial banks in six-day repo contracts to soak up funds from the money market. SBP did not say how much money it will absorb in the open market operation. The result of the auction will be announced at 10:30 a.m. (0530 GMT) and settlement will be later in the day.-Reuters

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