What does over-funding mean in the context of the State Bank of Pakistan's actions?

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Issues fewer government bonds than needed to cover the Public Sector Borrowing Requirement (PSBR)Issues more government bonds than necessary to meet the Public Sector Borrowing Requirement (PSBR)Conducts sales of government securities in the open marketPurchases government securities from the open market

Explanation

Over-funding occurs when the State Bank of Pakistan issues a greater amount of government bonds than what is required to finance the Public Sector Borrowing Requirement (PSBR), leading to excess funds beyond the borrowing needs.