The State Bank of Pakistan (SBP) injected a total of Rs329.7 billion into the banking system through two Open Market Operations (OMOs) on Tuesday.
According to the SBP, these operations included both a conventional Reverse Repo Purchase and a Shariah-compliant Mudarabah-based OMO.
In the conventional OMO, the central bank focused on a 3-day tenor with a rate range of 20.62% to 20.55%. It received 13 quotes and accepted all of them, amounting to Rs239.7 billion at an accepted rate of return of 20.55% per annum.
This liquidity injection aims to ensure smooth financial operations within the banking sector.
The Shariah-compliant Mudarabah-based OMO also targeted a 3-day tenor with a rate of 20.59%.
The SBP received and accepted one quote for Rs 90 billion at the same cut-off rate of 20.59%.
This operation adheres to Islamic financial principles, supporting liquidity management in the financial system.
