SBP Injects Nearly Rs3 Trillion into Market via Dual OMO Moves

The State Bank of Pakistan (SBP) on Friday injected a massive Rs2,943.4 billion into the financial market through two different open market operations — one using the traditional reverse repo purchase and the other via a Shariah-compliant Mudarabah-based OMO.

On April 4, 2025, the SBP accepted Rs2,386.9 billion from 22 bids under its 7-day reverse repo operation, locking in a return rate of 12.07%. The bids had return rates between 12.07% and 12.15%, but the central bank accepted the full amount at the lower end of the range.

In parallel, the SBP also held a 7-day Islamic OMO, based on Mudarabah, where it received 10 bids totaling Rs556.5 billion. Again, the entire amount was accepted, with a return rate of 12.09%.

This dual move shows SBP’s active effort to maintain liquidity in both conventional and Islamic banking systems, ensuring smooth functioning of financial markets and steady money supply.