OMO Result: SBP injects Rs2.9tr into Market

Mettis Global reported that the State Bank of Pakistan injected a cumulative Rs2.85 trillion into the banking system on August 21, 2026, using a reverse repo and a Shariah-compliant Modarabah-based open market operation. Of the total, Rs2.41 trillion came through the conventional reverse repo, while the remaining Rs440 billion was delivered through the Shariah-compliant route. The SBP uses such operations to supply funds to banks and primary dealers when the system faces a liquidity shortage.

In the conventional window, the 14-day tenor accepted Rs2,322.65 billion at 11.51 per cent, while the 7-day tenor accepted Rs87.9 billion at 11.54 per cent. Under the Shariah-compliant structure, the 14-day tenor accepted Rs440 billion at 11.52 per cent, with quotes ranging from 11.56 to 11.52 per cent. Both windows cleared within a narrow band of rates on the day.