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%.
Pakistan’s passport has made a notable leap in global mobility rankings, entering the top 100…
An international survey conducted across 17 total countries, including Pakistan, was commissioned by the Global…
Data Vault Pakistan has officially launched the country’s first AI-focused data center in Karachi, a…
Ambiente Frankfurt 2026, the world’s leading international trade fair for consumer goods, is set to…
In a powerful demonstration of purpose-driven leadership, LuckyOne Mall—one of Pakistan’s premier lifestyle destinations—has unveiled…
In a new report, Kaspersky identified over 7 million compromised accounts belonging to streaming services…
This website uses cookies.
