The State Bank of Pakistan (SBP) on Thursday injected a total of Rs645.1 billion into the financial system through conventional and Shariah-compliant Open Market Operations (OMOs) to ensure adequate liquidity in the market.
According to the central bank, Rs512.6 billion was injected through a one-day Reverse Repo Purchase OMO after receiving seven bids offering the same amount at rates ranging from 11.10 percent to 11.12 percent. All bids were accepted at a return of 11.10 percent.
In Shariah Compliant Mudarabah-based OMO, the SBP received five bids amounting to Rs146.5 billion, with quoted returns between 11.05 percent and 11.17 percent. The bank accepted four bids, injecting Rs132.5 billion at a return of 11.08 percent.
The operations were conducted as part of the SBP’s routine liquidity management to stabilise short-term money market conditions.
