SBP Injects Rs13.32T via OMO on August 1

Karachi, August 1, 2025, 08:02 PM PKT — The State Bank of Pakistan (SBP) has unleashed a massive liquidity boost, executing a reverse repo and Shariah-compliant Modarabah-based Open Market Operation (OMO) on Thursday, injecting a staggering Rs13.32 trillion into the market, with Rs13 trillion via conventional reverse repo and Rs270 billion through Shariah-compliant Modarabah, per official data. The conventional OMO saw Rs13.05 trillion injected: a 7-day reverse repo with Rs904,250 million offered and accepted at 11.02%, and a 14-day reverse repo with Rs12,405,750 million offered, Rs12,150,000 million accepted at 11.01%. The Shariah-compliant OMO injected Rs270 billion: a 7-day Modarabah with Rs120,000 million offered and accepted at 11.15%, and a 14-day Modarabah with Rs150,000 million offered and accepted at 11.13%.

These OMO injections, leveraging eligible collateral like Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs), aim to manage liquidity shortages and stabilize the financial system. Web context on recent OMOs shows high injection trends, while posts found on X reflect mixed reactions—some see market support, others question sustainability. Critically, the narrative of “liquidity stabilization” may mask underlying economic strain—web data hints at persistent liquidity needs, and X sentiment suggests distrust in long-term stability, pointing to potential risks.