Source: Reuters

KARACHI, May 8 (Reuters) - Pakistan’s central bank said it will sell Treasury bills to commercial banks on Thursday in two 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 10:45 a.m. (0545 GMT) and settlement will be later in the day.

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Tags: Banks, central bank, Repo, state bank of pakistan, T-bill