Pakistani c.bank to sell T-bills in 2-day repo

Tue Nov 3, 2009 12:31am EST
 
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KARACHI, Nov 3 (Reuters) - Pakistan's central bank said it will sell treasury bills to commercial banks on Tuesday in 2-day repo contracts to mop up funds from 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 11:00 a.m. (0600 GMT) and settlement will be later in the day.

 

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