Over Rs 1.6 trillion is injected into the market by SBP.

In order to preserve market liquidity, the State Bank of Pakistan (SBP) has invested Rs 1,603.6 billion through reverse repo purchases and Shariah-compliant Mudarabah-based open market operations (OMO).

On February 20, 2026, the central bank carried out the Open Market Operation, Reverse Repo Purchase (Injection) for 7 and 14-day tenors. It injected Rs 1,393.1 billion against 11 bids, with the remaining Rs 210.5 billion being injected through an OMO based in Shariah-compliant Mudarabah.

Seven bids totaling Rs 1,505.5 billion were received by the central bank for the 14-day tenor reverse repo purchase, with a return rate ranging from 10.51 to 10.54%. At a 10.51% rate of return, the SBP approved Rs 1,300 billion based on seven quotes. On a pro rata basis, SBP accepted Rs 275.5 billion of the Rs 481 billion total provided at 10.51%.

Additionally, the SBP received four bids for the seven-day period, totaling Rs 93.1 billion with a rate of return that ranged from 10.53% to 10.54%. With a rate of return of 10.53%, the SBP approved all four quotes in full.

For the 7 and 14-day tenors, SBP also carried out an Open Market Operation based on Mudarabah that complied with Shariah.

For the 7-day tenor auction of Rs 150 billion, the central bank received three offers with rates of return ranging from 10.54 to 10.55%. At a rate of return of 10.54%, SBP approved the full amount.

Additionally, the central bank got two bids for the Rs 60.5 billion 14-day tenor sale, with rates of return ranging from 10.54% to 10.55%. SBP approved both quotes in full, with a rate of return of 10.54%.

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