SBP injects Rs3.21 trillion into market through Reverse Repo, Shariah-compliant operations

The State Bank of Pakistan (SBP) on Friday injected Rs3,210.95 billion into the financial system through Reverse Repo Purchases and Shariah-compliant Modaraba-based Open Market Operations (OMO) to maintain market liquidity.

The central bank carried out OMOs for 7- and 14-day tenors on September 26, 2025, injecting Rs3,034.95 billion via Reverse Repo against 30 quotes, while an additional Rs176 billion was infused through Shariah-compliant Modaraba-based OMOs.

For the 7-day Reverse Repo, the SBP received 10 bids totaling Rs64.45 billion with rates of return between 11.00% and 11.11%, accepting Rs63.95 billion at 11.01%. For the 14-day tenor, 21 bids amounting to Rs2,971 billion were submitted at 11.01%-11.11%, and the SBP accepted the full amount at 11.01%.

In the Shariah-compliant Modaraba-based OMOs, two bids for the 7-day tenor totaling Rs106 billion were accepted at 11.13%, while a single 14-day bid of Rs70 billion was accepted at 11.11%.

The operations aim to maintain liquidity in the banking system, support market stability, and ensure smooth functioning of financial activities.