SBP injects Rs 425 billion via 4-day OMO to ease liquidity

The State Bank of Pakistan (SBP) on Monday injected Rs 425 billion into the market through conventional and Shariah-compliant open market operations to manage short-term liquidity.

The central bank conducted a four-day reverse repo purchase operation on February 23, 2026, injecting Rs 75 billion. It received nine bids amounting to Rs 381.05 billion at rates ranging from 10.51% to 10.57%, and accepted five bids at a cut-off rate of 10.55%. Of the Rs 329.5 billion offered at 10.55%, the SBP accepted Rs 60 billion on a pro-rata basis.

In addition, the SBP conducted a four-day Shariah-compliant Mudarabah-based OMO, injecting Rs 350 billion. The central bank received six bids totalling Rs 396 billion at rates between 10.54% and 10.58%, and accepted all six at 10.54%.

Of the Rs 220 billion offered at 10.54%, Rs 174 billion was accepted on a pro-rata basis.