SBP injects Rs8.09trn into market through OMOs

Reverse repo OMO accounts for Rs 7.9 trillion, Shariah-compliant OMO adds Rs 190 billion

The State Bank of Pakistan (SBP) injected a total of Rs 8.09 trillion into the market through two types of Open Market Operations (OMOs) on Friday.

The SBP received and accepted bids worth Rs 7.9 trillion for reverse repo OMO from commercial banks for both 7-day and 28-day tenors at a rate ranging from 22.04% to 22.06% per annum, respectively.

The Shariah-compliant Mudarabah-based OMO for the 07-day tenor received four quotes with a range of 22.10 to 22.08%. All four quotes were accepted with a cut-off rate set at 22.08%. 

A total amount of Rs 190 billion was offered and accepted in Mudarabah-based OMO. However, there was no bid received for the 28-day tenor during this operation.

The SBP has been using OMOs as a tool to manage the liquidity conditions in the market and to influence short-term interest rates.

On Thursday, the SBP mopped up Rs 753.3 billion from the market through a reverse repo OMO. This was the first time in more than five months that the central bank withdrew money from the market. 

3 COMMENTS

  1. Your choice of word ‘urgently’ sounds a little bit scary cause if you rush to recover your money you might possibly end up losing your money again. There are a lot of scam recovery agents that have zero expertise in tracking or getting money back from scammers. Exercising patience is key when trying to apprehend a thief, even police departments takes as much as two years in unravelling some cases. When you get scammed endeavor to document every detail you have of the scammer. Seek help with your local law enforcement before resulting to find help elsewhere.

    Funds recovering experts will attend to you with some regard of urgency when compared to your local law enforcement, but still don’t expect it to be very swift to avoid getting scammed again. Recovery takes a process and won’t take as soon as you might want it. A company CNC Intelligence ([email protected]) Helped me in recovering my money and the expertise they exhibited in recovering my money is recommendable, I visited their office and met with their officials before trusting them with my case. They successfully helped me in getting 90% of what I lost.

  2. TRUSTED CRYPTOCURRENCY RECOVERY COMPANY—REVENANT CYBER HACKER
    If you’ve ever dabbled in the world of cryptocurrency, you know that losing access to your Bitcoin wallet can be a nightmare. The rising value of Bitcoin has made it a valuable asset for many, and losing it can have far-reaching consequences. That’s why the ability to restore lost Bitcoin is nothing short of a technological marvel. Imagine the sinking feeling in the pit of your stomach when you realize that your hard-earned 45,000 worth of Bitcoin is trapped in a digital void. It’s not just about the financial loss, although that alone is enough to cause sleepless nights. It’s also about the emotional toll it takes on you. The frustration, the anger, and the sense of powerlessness can be overwhelming. So, how does Revenant cyber hack work its magic? The process of restoring lost Bitcoin involves a series of meticulous steps that Revenant cyber hack experts undertake. From analyzing blockchain data to identifying wallet vulnerabilities, every detail is scrutinized to ensure a successful recovery. Hurry now and get in communication with Revenant cyber hacker to assist you restore your bitcoin. Email: revenantcyberhacker ( @ ) Gmail ( . ) com
    Website: revenantcyberhacker ( . ) net
    Whatsapp: +1(272) 770-8654

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Gold price in Pakistan for today, November 22, 2024

Gold prices in Pakistan fluctuate frequently based on international market trends. The rates listed are provided by local gold markets and Sarafa Markets in...