OMO Result: SBP injects Rs12.6tr

According to Mettis Global, the State Bank of Pakistan (SBP) pumped Rs12.56 trillion of liquidity into the financial system on August 17, 2026. Of this, Rs11.93 trillion came through conventional reverse repo operations, while Rs627 billion was supplied via a Shariah-compliant, Modarabah-based open market operation (OMO). Both operations were held on the same day.

In the conventional window, the 4-day tenor accepted Rs31.5 billion at 11.54%, while the 11-day tenor took Rs11.9 trillion at 11.51% against Rs12.07 trillion offered. At the 11.51% rate, Rs5.65 trillion was offered and Rs5.48 trillion accepted on a pro-rata basis. The Shariah segment accepted Rs50 billion for four days at 11.56%, and Rs577 billion for 11 days at 11.52% out of Rs676 billion offered.

The central bank's explanatory note says injections lend funds to banks and primary dealers against eligible collateral when the system faces a liquidity shortfall. Eligible securities for such injections are market treasury bills (MTBs) and Pakistan Investment Bonds (PIBs).