OMO Result: SBP injects Rs729bn

Mettis Global reported that the State Bank of Pakistan injected a total of Rs729.3bn into the banking system on October 1, 2026, through a reverse repo and a Shariah-compliant Modarabah-based open market operation. Of that sum, Rs579.3bn came through a one-day reverse repo, while the remaining Rs150bn was provided through a seven-day Modarabah-based tranche.

The one-day reverse repo drew 11 accepted quotes at 11.54 per cent, within an offered range of 11.66 to 11.54 per cent. The seven-day Modarabah tranche attracted two accepted quotes at 11.59 per cent, against a range of 11.65 to 11.59 per cent.

The SBP describes open market operations as a way to add or drain funds based on liquidity needs. For injections, it lends to banks and primary dealers against eligible government securities, such as treasury bills and Pakistan Investment Bonds.