Eid spending turned into heavy withdrawal from banks which created a cash crunch in the banking system, forcing the Central Bank to inject a large amount of liquidity on the eve of Eid-ul-Fitr.
Most of the bank branches were found jam packed. Customers were forced to wait in long queues to withdraw money as banks will remain closed for the next six days.
Monday was the last day before Eid to withdraw money while Eid spending was still continuing.
The State Bank yesterday injected Rs64.1 billion into the banking system.
