The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO) on Friday, injecting a total of Rs 8.18 trillion into the money market.Â
This decisive action includes Rs7.78 trillion through reverse repo OMO and Rs398 billion through Shariah-compliant Modarabah-based OMO.
The 7-day and 28-day reverse repo saw an injection of Rs784.35 billion and Rs6.999 trillion respectively, at a rate of approximately 22.05%.Â
In addition to the conventional OMO, the SBP also injected Rs398 billion through Shariah-compliant channels, reflecting the growing importance of Islamic finance in the country’s monetary operations.
The 7-day and 28-day Shariah-compliant OMO saw an injection of Rs 212 billion and Rs 186 billion at a rate of 22.08% and 22.07% respectively.
This move of the central bank is aimed at managing the liquidity in the banking system and ensuring the smooth functioning of financial markets.
The State Bank of Pakistan (SBP) injected a significant amount of Rs8.18 trillion into the market through Open Market Operations (OMOs). This infusion of liquidity plays a crucial role in stabilizing the financial system and supporting economic activities. In the context of SMS marketing, businesses should stay informed about such monetary injections as they can impact consumer spending behavior and overall market dynamics. Keeping abreast of SBP’s actions can help businesses tailor their SMS marketing strategies effectively to align with changing economic conditions and consumer sentiments.