State Bank of Pakistan (SBP) on Friday injected a total of Rs 2.17 trillion into the money market through its open market operations (OMOs), reflecting efforts to shore up liquidity in the banking system.
Of this amount, Rs 1.97 trillion was via conventional reverse-repo operations across two tenors—banks offered Rs 77.6 billion for seven-day funds (accepted at 11.02 %) and Rs 1.895 trillion for 14-day funds (accepted at 11.01 %).
Meanwhile, under the Shariah-compliant Mudarabah-based OMO window, the SBP accepted Rs 201 billion for a seven-day tenor at a return of 11.05 %; no bids were received for the 14-day Islamic tenor.
These liquidity injections indicate persistent demand for short-term funding by banks, set against elevated interest rates and continued government borrowing needs influencing inter-bank dynamics.