Might 23, 2025 (MLN): The State Financial institution of Pakistan (SBP) carried out a reverse repo and Shariah Compliant Modarabah primarily based Open Market Operation (OMO) as we speak, wherein it cumulatively injected a complete of Rs12.8 trillion into the market of which Rs12.4tr have been injected by way of reverse repo OMO.
| Abstract of OMO Consequence (Standard) | |||||||
|---|---|---|---|---|---|---|---|
| Quantity (Rs in Million) | Charge (%) | Quotes | |||||
| Tenor | Sort | Supplied | Accepted | Excessive – Low | Accepted | Supplied | Accepted |
| 7D | Reverse Repo (Injection) | 521,100 | 521,100 | 11.13 – 11.10 | 11.10 | 08 | 08 |
| 21D | Reverse Repo (Injection) | 12,133,600 | 11,900,000 | 11.13 – 11.03 | 11.03 | 28 | 28 |
| Complete | 12,654,700 | 12,421,100 | |||||
In the meantime, the remaining Rs396bn was injected by way of Shariah-compliant Modarabah-based OMO.
| Abstract of OMO Consequence (Shariah) | |||||||
|---|---|---|---|---|---|---|---|
| Quantity (Rs in Million) | Charge (%) | Quotes | |||||
| Tenor | Sort | Supplied | Accepted | Excessive – Low | Accepted | Supplied | Accepted |
| 7D | Reverse Repo (Injection) | 207,000 | 207,000 | 11.13 – 11.10 | 11.10 | 04 | 04 |
| 21D | Reverse Repo (Injection) | 189,000 | 189,000 | 11.12 – 11.08 | 11.08 | 05 | 05 |
| Complete | 396,000 | 396,000 | |||||
Explanatory Observe
Open Market Operation is a software utilized by SBP to inject or mop-up funds, primarily based on the liquidity necessities, from the banking system through the acquisition or sale of eligible securities.
Operationally, in case of OMO (Injections), SBP lends funds to banks/Main Sellers (PDs) towards eligible collateral to deal with liquidity scarcity within the system.
For OMO (Injections), marketable authorities securities, i.e. Market Treasury Payments (MTBs) and Pakistan Funding Bonds (PIBs) are eligible securities.
In OMO (Mop-up), SBP sells MTBs to banks towards funds to take away surplus liquidity from the system.
Eligible collateral for OMO (Mop-up) contains promoting MTBs (on repo or outright foundation) to banks for eradicating extra liquidity from the system.
In case of Bai-Muajjal, a Shariah compliant software for managing liquidity within 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 specialised Islamic home windows of typical banks are eligible counterparties.
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Posted on: 2025-05-23T12:57:19+05:00
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