Might 09, 2025 (MLN): The State Financial institution of Pakistan (SBP) performed a reverse repo and Shariah Compliant Modarabah primarily based Open Market Operation (OMO) at this time, wherein it cumulatively injected a complete of Rs13.13 trillion into the market of which Rs12.8tr have been injected by way of reverse repo OMO.
| Abstract of OMO Outcome (Standard) | |||||||
|---|---|---|---|---|---|---|---|
| Quantity (Rs in Million) | Fee (%) | Quotes | |||||
| Tenor | Sort | Supplied | Accepted | Excessive – Low | Accepted | Supplied | Accepted |
| 7D | Reverse Repo (Injection) | 390,700 | 390,700 | 11.12 – 11.10 | 11.10 | 07 | 07 |
| 14D | Reverse Repo (Injection) | 12,684,050 | 12,410,100 | 11.15 – 11.03 | 11.03 | 03 | 03 |
| Complete | 13,074,750 | 12,800,800 | |||||
In the meantime, the remaining Rs330 billion was injected by way of Shariah-compliant Modarabah-based OMO.
| Abstract of OMO Outcome (Shariah) | |||||||
|---|---|---|---|---|---|---|---|
| Quantity (Rs in Million) | Fee (%) | Quotes | |||||
| Tenor | Sort | Supplied | Accepted | Excessive – Low | Accepted | Supplied | Accepted |
| 7D | Reverse Repo (Injection) | 218,000 | 218,000 | 11.12 – 11.09 | 11.09 | 04 | 04 |
| 14D | Reverse Repo (Injection) | 112,500 | 112,500 | 11.14 – 11.10 | 11.10 | 03 | 03 |
| Complete | 330,500 | 330,500 | |||||
Explanatory Word
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/Major 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) consists of 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 standard banks are eligible counterparties.
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Posted on: 2025-05-09T13:51:07+05:00
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