OMO Result: SBP injects Rs10.8tr

According to Mettis Global, the State Bank of Pakistan (SBP) injected a combined Rs10.83 trillion into the banking system through an open market operation on September 25, 2026. Of this, Rs10.26 trillion came through reverse repo auctions, while the remaining Rs569.1 billion was supplied via a Shariah-compliant Modarabah-based OMO.

The 7-day and 14-day reverse repo tenors drew Rs564.8 billion and Rs9,693.1 billion respectively, with accepted rates of 11.54 and 11.51 per cent. In the Modarabah-based window, Rs26.1 billion was accepted for seven days and Rs543 billion for 14 days, both at 11.54 per cent.

SBP uses OMO to add or absorb funds according to liquidity needs, and injections are made by lending to banks and Primary Dealers against eligible collateral. Market Treasury Bills and Pakistan Investment Bonds are the eligible securities for these injections, and banks and Primary Dealers are the eligible counterparties.