The State Bank of Pakistan injected a total of Rs 1,603.6 billion into the market on Friday through Reverse Repo Purchases and Shariah-compliant Mudarabah-based Open Market Operations to maintain liquidity. Of this, Rs 1,393.1 billion was provided via conventional Reverse Repo operations across 7- and 14-day tenors, while Rs 210.5 billion was injected through Mudarabah-based Shariah-compliant operations.
For the 14-day Reverse Repo, the SBP received seven bids totaling Rs 1,505.5 billion with rates ranging from 10.51% to 10.54%. The central bank accepted Rs 1,300 billion, including Rs 275.5 billion from bids at 10.51% on a pro-rata basis. For the 7-day tenor, four bids were received totaling Rs 93.1 billion at rates of 10.53% to 10.54%, and the SBP accepted the full amount at 10.53%.
In Shariah-compliant Mudarabah-based operations, three bids for the 7-day tenor totaling Rs 150 billion were offered at rates between 10.54% and 10.55%, with the SBP accepting the full amount at 10.54%. For the 14-day tenor, two bids totaling Rs 60.5 billion were offered at rates of 10.54% to 10.55%, and both bids were fully accepted at 10.54%. These measures reflect the central bank’s ongoing efforts to ensure sufficient liquidity and stability in the financial system.