Karachi June 24 2022: State Bank of Pakistan (SBP) is offering 77-day Open Market Operation along with normal 6-day OMO for improving liquidity of the banking sector.
This step will provide certainty to bonds market and bridge the gap created between banking sector deposits and government borrowing.
Deposits of the commercial decrease by a near trillion or 4% in first four months of this calendar year.
In the previous auction 3 month paper auction cutoff yield were 150 basis points above the policy rate.
