Pakistani to buy govt paper in reverse repo

Last Updated: Fri, Feb 08, 2013 06:20 hrs

KARACHI, Feb 8 (Reuters) - Pakistan's central bank said it would buy government paper from commercial banks on Friday in a seven-day reverse repo to inject funds into the money market.

The State Bank of Pakistan did not say how much money it would inject through the open market operation.

The result of the auction will be announced at 1015 a.m. (0515 GMT) and settlement will be later in the day.

Click on for the auction's result. (Compiled by the Karachi newsroom)

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