SBP injects Rs12.9 trillion via OMOs to ease market liquidity

The State Bank of Pakistan (SBP) injected Rs12,895.05 billion into the banking system on Thursday through reverse repo and Shariah-compliant Mudarabah-based Open Market Operations (OMO) to manage liquidity conditions.

The largest injection came through conventional reverse repo operations, where SBP provided Rs12,406.55 billion against 32 bids across 10 and 14-day tenors. An additional Rs488.5 billion was injected through Shariah-compliant Mudarabah-based OMOs.

For the 14-day reverse repo tenor, SBP received 27 bids totaling Rs12,416.05 billion, with offered rates ranging from 10.51% to 10.59%. The central bank accepted Rs12,200.05 billion at a 10.51% rate of return. Of the Rs6,021 billion offered at 10.51%, Rs5,805 billion was accepted on a pro-rata basis.

For the 10-day reverse repo tenor, SBP received five bids totaling Rs206.5 billion at rates between 10.51% and 10.56%, and accepted the full amount at 10.51%.

In the Shariah-compliant Mudarabah-based OMO, SBP received six bids for the 10-day tenor amounting to Rs405.5 billion at rates between 10.51% and 10.56%, accepting the entire amount at 10.51%.

For the 14-day Shariah tenor, two bids totaling Rs83 billion were offered at 10.53% to 10.55%, with SBP accepting the full amount at 10.53%.