SBP injects Rs 300 billion in the market

KARACHI, Mar 17 (APP):The State Bank of Pakistan (SBP), Tuesday, injected over Rs 300 billion through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO) to maintain liquidity in the market.

The central bank conducted the Open Market Operation, Reverse Repo Purchase (Injection) for 10-day tenor on March 17, 2026, and injected Rs 298.2 billion against 8 bids while other Rs 2.5 billion were injected through Shariah Compliant Mudarabah based OMO.

The central bank, for the Reverse Repo Purchase of 10-day tenor, received 8 bids cumulatively offering Rs 298.2 billion at the rate of return ranging between 10.51 to 10.56%. The SBP accepted the entire amount against 8 quotes at 10.51% rate of return.

Meanwhile, SBP also conducted Shariah Compliant Mudarabah based Open Market Operation for the 10-day tenor. The central bank received one quote offering Rs 2.5 billion at 10.57% rate of return. SBP accepted the entire amount at the offered rate.