Islamabad 15 August: The State Bank of Pakistan (SBP) on Wednesday injected Rs12.68 trillion into the financial system through a large-scale Open Market Operation (OMO) to address liquidity shortages and stabilize the money market.
According to SBP figures, Rs12.4 trillion was released through conventional reverse repo transactions, while Rs228 billion was provided under Shariah-compliant Modarabah-based OMOs.
In the conventional segment, the central bank accepted Rs195.2 billion for a 7-day tenor at 11.04% and Rs12.26 trillion for a 14-day tenor at 11.01%. Under Shariah-compliant operations, Rs170 billion was injected for a 7-day tenor and Rs58 billion for a 14-day tenor, both at 11.13%.
The SBP said the move was aimed at ensuring smooth liquidity flows to banks and primary dealers, allowing them to operate efficiently and maintain market stability. Funds were provided against eligible government securities, including Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs), and GOP Ijara Sukuk for Islamic transactions.
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Officials added that the dual-track approach—combining conventional and Islamic financing—was part of the bank’s ongoing efforts to modernize liquidity management tools while maintaining monetary stability and supporting economic activity.
| Operation Type | Tenor | Amount (Rs Billion) | Rate (%) |
|---|
| Conventional Reverse Repo | 7-Day | 195.2 | 11.04 |
| 14-Day | 12,260 | 11.01 |
| Shariah-Compliant Modarabah | 7-Day | 170 | 11.13 |
| 14-Day | 58 | 11.13 |
| Total Injection | — | 12,683.2 | — |
