Karachi June 20 2025: The State Bank of Pakistan (SBP) injected PKR 14,304 billion equivalent to USD 50.5 billion in the market on Friday taking total injection to PKR 14,757 billion or USD 52.1 billion through reverse repo purchase and Shariah Compliant Mudarabah based Open Market Operation (OMO).
“Amid increased reliance on commercial banks to finance the fiscal deficit, the liquidity requirements of the interbank market increased” states SBP in its report.
“Increase in cash in circulation and delay in external rollovers causing OMOs to surge in the recent month” states SBP Governor in latest briefing to analyst after Monetary Policy Committee Meeting.
According to OMO results issued here, the SBP conducted an Open Market Operation, Reverse Repo Purchase (Injection) on June 20, 2025, for 7-day tenor and accepted all 36 bids cumulatively amounting to PKR 13,929 billion.
The central bank received 36 bids for 7-day tenor at the rate of return ranging between 11.15 to 11.03 percent.
The SBP accepted all 36 quotes for a 7-day tenor at 11.03 percent rate of return.
Meanwhile, SBP also conducted Shariah Compliant Mudarabah based Open Market Operation for 7-day tenor. The central bank received 3 bids offering PKR 375 billion at rate of return ranging between 11.11 percent to 11.12 percent. SBP accepted all the 3 bids with the entire amount at 11.11 percent rate of return.
