On Friday, the State Bank of Pakistan (SBP) significantly boosted market liquidity by injecting Rs3,174.35 billion through two Open Market Operations (OMOs), which included reverse repo purchases and Shariah-compliant Mudarabah-based transactions.
On August 9, 2024, the SBP executed an OMO with reverse repo purchases for 7-day and 28-day tenors. The bank accepted 30 bids totaling Rs3,084.35 billion. For the 7-day tenor, 13 bids were received, offering a total of Rs732.2 billion with return rates between 19.57% and 19.60%. All 13 bids were accepted, disbursing Rs550 billion at a return rate of 19.57%.
For the 28-day tenor, 19 bids totaling Rs2,542.25 billion were submitted with returns ranging from 19.55% to 19.61%. The SBP accepted 17 bids amounting to Rs2,534.35 billion at a return rate of 19.57%.
Additionally, the SBP carried out Shariah-compliant Mudarabah-based OMOs for both tenors, injecting Rs90 billion into the market. For the 7-day tenor, one bid of Rs90 billion was accepted at a return rate of 19.58%.