SBP Injects Massive Rs645.1B via OMOs

KARACHI: The State Bank of Pakistan (SBP) on Thursday pumped a massive Rs645.1 billion into the financial system through conventional and Shariah-compliant Open Market Operations (OMOs) to keep liquidity abundant and money markets calm. The central bank injected Rs512.6 billion via one-day Reverse Repo Purchase OMO after accepting all seven bids totaling the same amount at rates between 11.10 percent and 11.12 percent, finally settled at 11.10 percent. In the Shariah-compliant Mudarabah-based OMO, SBP received five bids worth Rs146.5 billion with rates ranging 11.05 percent to 11.17 percent and accepted four bids, pouring in Rs132.5 billion at a cut-off of 11.08 percent. These injections are part of SBP’s regular liquidity management toolkit to steady short-term interbank rates and ensure smooth financial system functioning.