Today, the State Bank of Pakistan (SBP) carried out an Open Market Operation (OMO) along with a Shariah-compliant Mudarabah OMO. In this operation, a combined amount of Rs235.2 billion was injected into the market. Out of this total, Rs175.2 billion was injected into the market through the reverse repo mechanism.
While additional PKR60billion were injected through Sharia Compliant Open Market Operation (OMO).
OMO was conducted for 4 days maturity with cut-off rate of 21.1%.
Latest posts by News Desk (see all)
- Oil Prices down amid Geo-Political Uncertainty - November 1, 2023
- Govt to borrow PKR8.5 trillion in Bond Auction till Jan-2024 - November 1, 2023
- Nishat Chunian Ltd: 1QFY24 profit rises 13 percent to PKR 500mn - October 31, 2023