Advertisement
News

SBP Injects Rs3,174 Billion into Market via OMOs

Advertisement

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%.

Advertisement
News Desk

Recent Posts

Senior Russian General Killed in Car Bomb Near Moscow

A senior Russian military official, Major General Yaroslav Moskalik, was killed on Friday in a…

1 day ago

LUMS Launches CeDAR to Drive Blockchain and Web 3.0 Innovation in Pakistan

The Center for Digital Assets Research (CeDAR) at LUMS was officially launched on April 24,…

1 day ago

IPAK Group Posts Strong Q3 Results

International Packaging Films Limited (IPAK) Group has recorded 66% increase in its revenues for the…

1 day ago

AKU, Local and Global Partners Launch Landmark Malaria Elimination Project in Thatta

The Aga Khan University (AKU) marked World Malaria Day with the launch of the Thatta…

1 day ago

Stanford Scientists Unveil Solar Panels That Work at Night

Researchers at Stanford University have unveiled a breakthrough in solar technology: a new type of…

1 day ago

NDMA Warns of Severe Weather Across Pakistan, PMD Issues Heatwave Alert Ahead of May Storm System

The National Disaster Management Authority (NDMA) has warned of unstable weather conditions across several parts…

1 day ago