The State Bank of Pakistan (SBP) injected a total of Rs2.60 trillion into the financial system to address liquidity needs and stabilise the banking sector through conventional and Shariah Compliant Open Market Operations (OMOs) on Friday.Â
According to the data shared by he central bank, the SBP injected Rs2.47 trillion via Reverse Repo Purchase.Â
This OMO included a 7-day tenor, where Rs1.984 trillion was accepted at a rate of 20.56% from 20 quotes, and a 28-day tenor, where Rs486.85 billion was accepted at a rate of 20.55% from 11 quotes.
Simultaneously, the SBP conducted a Shariah Compliant Mudarabah-based OMO, injecting Rs130 billion.Â
This OMO targeted a 7-day tenor, receiving and accepting one quote at a rate of 20.58%. No bids were received for the 28-day tenor in this category.
These combined OMOs aim to manage the liquidity in the banking system and support the stability of the financial markets.Â
