THE central bank continued to pump in massive liquidity into the banking system last week, injecting Rs667.8bn on June 26 and then another Rs821.75bn last Friday, taking its total injections to almost Rs1.5tr in a seven-day period.

In the June 26 open market operation, the SBP injected Rs43bn for a rate of return of 6.5pc in the four-day contract and another Rs624.8bn at 6.51pc in the seven-day contract.

This was followed by the latest auction on Friday, where the central bank pumped in Rs821.75bn in the seven-day contract at a rate of return of 6.5pc.

In the latest open market operation on Friday, the central bank pumped in Rs821.75bn in the seven-day contract

According to the weekly statement of position of all scheduled banks for the week ending June 19, cash and balances with treasury banks of all scheduled banks decreased by 7.71pc to Rs699.943bn, against the earlier week’s figure of Rs758.426bn.

Investments of all scheduled banks stood at Rs5,709.8bn in the week under review, against the preceding week’s figure of Rs5,633.793bn, showing an increase of 1.35pc.Cash and balances with treasury banks of all commercial banks stood at Rs697.836bn in the week, against the preceding week’s figure of Rs756.082bn, down 7.7pc. Cash and balances with treasury banks of all specialised banks stood at Rs2.107bn in the week.

Investments of all commercial banks stood at Rs5,683.918bn in the week, against the preceding week’s figure of Rs5,608.970bn, up 1.34pc. Investments of all specialised banks stood at Rs25.882bn in the week.

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