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Banks get Rs1.33tr cash

Banks get Rs1.33tr cash

KARACHI: The banking system is still facing a liquidity gap of over Rs1.33 trillion despite a recent rise in deposits.

The State Bank on Friday injected Rs1.33tr into the banking system helping the government to borrow from the scheduled banks. The government has extensively been borrowing from banks leaving little for the private sector. It has borrowed Rs1.1tr from the scheduled banks since the start of this fiscal year and retired Rs338 billion of the SBP debt.

Courtesy : Dawn News



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