OMO Result: SBP injects Rs3tr

The State Bank of Pakistan injected a total of Rs3.03 trillion into the market on October 16, according to Mettis Link News. Of this, Rs2.66 trillion came through reverse repo transactions, while the remaining Rs360.5 billion was delivered through Modarabah-based instruments that follow Shariah principles.

The seven-day tranche accounted for Rs2.40 trillion, with 11 quotes accepted at rates between 11.56 and 11.51 per cent. The central bank applied a pro-rata allotment at 11.51 per cent, while the 14-day tranche took Rs264.75 billion from six quotes at 11.54 per cent.

The explanatory note says the central bank provides funds to banks and primary dealers secured by eligible collateral, which helps relieve shortages of liquidity in the system. Market Treasury Bills and Pakistan Investment Bonds qualify as eligible securities for these injections.