State Bank Infuses Over Rs4 Trillion into Market through Open Market

The State Bank of Pakistan (SBP) has injected a substantial Rs4,093 billion into the financial market through its latest open market operations, including reverse repo purchases and Shariah-compliant Mudarabah-based transactions.

The central bank’s open market operations included reverse repo purchases for both 7-day and 28-day tenors. According to the results released, the SBP accepted a total of 29 bids, amounting to Rs4,068 billion. For the 7-day tenor, 28 bids were received, cumulatively offering Rs4,041.6 billion, with returns ranging from 17.56% to 17.61%. Additionally, one bid of Rs26.4 billion was submitted for the 28-day tenor, offering a return of 17.59%.

The SBP accepted all 28 bids for the 7-day tenor at the fixed return of 17.56%, as well as the single bid for the 28-day tenor at 17.59%.

Moreover, the SBP executed a Shariah-compliant Mudarabah-based open market operation for both tenors. It received a single bid for the 7-day tenor amounting to Rs25 billion at a return rate of 17.56%, which was fully accepted.

This significant liquidity injection highlights the SBP’s commitment to ensuring financial stability and managing market liquidity effectively amidst the current economic landscape.