SBP injects Rs13.06 trillion into banking system through conventional, Shariah-compliant OMOs

The State Bank of Pakistan placed Rs13.061 trillion with financial institutions on October 23 through conventional and Shariah-compliant open market operations, Profit by Pakistan Today reported. Conventional reverse repos accounted for Rs12.601 trillion, while Mudarabah-based operations supplied Rs460.40 billion, with funds offered for seven- and 14-day periods.

For conventional operations, the SBP awarded Rs276 billion at 11.55% for seven days and Rs12.325 trillion at 11.53% for 14 days. It accepted all 11 bids for the Shariah-compliant operation, including Rs32 billion at 11.56% for seven days and Rs428.40 billion at 11.55% for 14 days. The combined realised value was Rs12.733 trillion, below the accepted face value of Rs13.061 trillion.

The operation provides a snapshot of short-term liquidity supplied to banks and the rates attached to that funding. This matters to market readers tracking SBP liquidity operations and banking-sector funding conditions.