Karachi February 2 2025: The State Bank of Pakistan (SBP) injected PKR 11,415.5 billion in the market through revere repo purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO) on Friday.
The SBP, during the Open Market Operation, Reverse e Repo Purchase (Injection) on January 31, 2025 for 7-day and
28-day tenors, accepted an amount of PKR 10,529.5 billion offered through 48 bids.
The central bank received 21 bids for 7-day tenor cumulatively offering an amount of PKR 2,003.1 billion at the rate of return ranging between 12.05 to 12.12 percent while 27 bids were received for the 28-day tenor offering an amount of PKR 8,526.4 billion at the rate of return ranging between 12.04 to 12.10 percent.
The SBP accepted the entire amount offered through all the quotes for 7-day tenor at 12.05 percent rate of return and for 28-day tenor at 12.04 percent rate of return.
Meanwhile, the central bank also conducted Shariah Compliant Mudarabah based Open Market Operation for the 7-day and 28-day tenors and further injected PKR 886 billion into the market.
The central bank received 5 bids for 7-day tenor quoting an amount of PKR 498 billion at the rate of return ranging between 12.08 to 12.12 percent while 4 bids were received for 28-day tenor offering an amount of PKR 388 billion at the rate of return ranging between 12.08 to 12.12 percent. The SBP accepted the entire amount offered through all the quotes for 7-day and 8-day tenors at 12.08 percent rate of return.
