OMO Result: SBP injects Rs3.3tr into Market

MG News August 07, 2026 (MLN): The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah-based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs3.27 trillion into the market, of which Rs2.65tr were injected through reverse repo OMO. Summary of OMO Result (Conventional) Amount (Rs in Million) Rate (%) Quotes Tenor Type Offered Accepted High – Low Accepted Offered Accepted 10D Reverse Repo (Injection) 156,600 156,600 11.56 – 11.54 11.54 06 06 14D 2,965,650 2,500,000 11.56 – 11.51 11.51* 17 17 Total 3,122,250 2,656,600 Total amount offered at 11.51% was PKR 1,577,000 mio, out of which SBP accepted PKR 1,111,350 mio on pro-rata basis Meanwhile, the remaining Rs620bn was injected through Shariah-compliant Modarabah-based OMO. Summary of OMO Result (Shariah) Amount (Rs in Million) Rate (%) Quotes Tenor Type Offered Accepted High – Low Accepted Offered Accepted 10D Reverse Repo (Injection) 170,000 170,000 11.58 – 11.55 11.55 06 06 14D 487,000 450,000 11.56 – 11.52 11.52* 04 04 Total 657,000 620,000 Total amount offered at 11.52% was PKR 385,000 mio, out of which SBP accepted PKR 348,000 mio on pro-rata basis. Explanatory Note Open Market Operation is a tool used by SBP to inject or mop up funds from the banking system, based on liquidity requirements, via the purchase or sale of eligible securities. Operationally, in case of OMO (Injections), SBP lends funds to banks/Primary Dealers (PDs) against eligible collateral to address liquidity shortage in the system. For OMO (Injections), marketable government securities, i.e. Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs) are eligible securities. In OMO (Mop-up), SBP sells MTBs to banks in exchange for funds to remove surplus liquidity from the system. Eligible collateral for OMO (Mop-up) includes selling MTBs (on repo or outright basis) to banks for removing excess liquidity from the system. In case of Bai-Muajjal, a Shariah compliant tool for managing liquidity in the Islamic banking system, GOP Ijara Sukuk are eligible securities. Banks and PDs are eligible counterparties to OMO transactions. For Bai Muajjal transactions, Islamic banks and specialized Islamic windows of conventional banks are eligible counterparties.