The State Bank of Pakistan (SBP) injected Rs 13.1 trillion into the market through its Open Market Operations (OMO), including Reverse Repo Purchases and Shariah-compliant Mudarabah-based operations. These actions are part of the central bank’s ongoing efforts to manage liquidity in the financial system.
The central bank conducted Reverse Repo Purchases for 7-day and 14-day tenors, accepting a total of Rs 12,800.8 billion from 37 quotes. For the 14-day tenor, SBP received 30 bids offering Rs 12,684.05 billion at a return rate ranging from 11.03% to 11.15%.Â
The SBP accepted Rs 12,410.1 billion at a rate of return of 11.03%, with Rs 2,823.85 billion being accepted on a pro-rata basis.Â
Additionally, for the 7-day tenor, SBP received 7 bids offering Rs 390.7 billion at a return rate of 11.10% to 11.12%, and the central bank accepted the full amount at 11.10%.
In a separate move, the SBP also carried out Shariah-compliant Mudarabah-based OMOs for 7-day and 14-day tenors, injecting Rs 330.5 billion into the market. For the 7-day tenor, SBP received 4 bids totaling Rs 218 billion at a return rate between 11.09% and 11.12%, and accepted the full amount at a rate of 11.09%.Â
Similarly, for the 14-day tenor, the central bank received 3 bids totaling Rs 112.5 billion at a return rate between 11.10% and 11.14%, with the entire amount accepted at a rate of 11.10%.
These liquidity injections are part of the SBP’s continuous efforts to stabilize the market and ensure the efficient functioning of the financial system amidst ongoing economic challenges.
