The State Bank of Pakistan (SBP) has supplied banks with liquidity support totaling over Rs 4093 billion for market operations.
According to the SBP’s most recent report, conventional banks collected Rs4,041 billion at an annual interest rate of 17.56% over seven days.
In addition, the central bank granted Rs26 billion to traditional banks for 28 days at a 17.59% interest rate.
Islamic banks, however, were given Rs25 billion for seven-day operations at the same 17.56% rate.
SBP officials stated that, despite funding offers, no Islamic banks needed 28-day liquidity support.
Yesterday, the Pakistani rupee slightly improved against the U.S. Dollar on Thursday. Currently, the dollar is settled at Rs277.79 in the interbank market.
