KARACHI: The State Bank of Pakistan (SBP) has injected Rs317.8 billion worth of liquidity into the money market via open market operation.
Rs 241.8 billion were injected as reverse repo purchase — Rs 68.250 billion for seven days and Rs 173.550 billion for 63 days.
Rs 76 billion were pumped into the market through Shariah Compliant Mudaraba based OMO– Rs 69 billion for 7 days (face value of collateral) with 15.14 % cut-off and
Rs 7 billion for 63 days (face value of collateral) at 15.20 % cut-off rate.
In April, the State Bank of Pakistan had injected Rs3.085 trillion worth of liquidity into the money market via open market operation, primarily on account of higher government borrowing needs to fund the budget deficit.
