SBP injects Rs329.7 billion into banking system through OMOs

Rs239.7 billion was injected via reverse repo and Rs90 billion via Shariah-compliant Mudarabah OMO 

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Cabinet panel directs winding up of PTDC, PEPAC

CCoSOEs orders to complete ongoing projects of National Construction Limited (NCL) and prepare winding up plan

Oil hits 7-week high