The State Bank on Friday injected Rs585 billion into the banking system, because of a liquidity crunch.
The State Bank reported that the amount was injected for seven days. The banks accepted the entire money offered by the SBP.
The banks are facing a widening liquidity gap as their investments in the long-term government papers reached an abnormally high level during the current fiscal year.
In the current month alone, the SBP has so far injected a large amount for fourth time, indicating the growing needs of banks.
