OMO Result: SBP injects around Rs11tr into Market

Mettis Global reported that the State Bank of Pakistan injected a combined Rs10.9 trillion into the banking system through an open market operation on October 9, 2026. Of this, Rs10.39 trillion came through the conventional reverse repo, while the remaining Rs519.5 billion was channelled through a Shariah-compliant Modarabah-based arrangement.

In the conventional tranche, the 14-day tenor accounted for Rs10.3 trillion with a rate of 11.51 per cent, while the 7-day tenor took Rs89.3 billion at 11.54 per cent. The 14-day Shariah tranche was Rs519.5 billion at 11.54 per cent, according to Mettis Global.

OMO is the central bank's tool for adding or draining liquidity by buying or selling eligible government securities, with injections lent against collateral such as Market Treasury Bills and Pakistan Investment Bonds. Banks and Primary Dealers are the counterparties, so commercial banks are the direct recipients of these funds.