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Liquidity Infusion- The State Bank of Pakistan (SBP) implemented two distinct Open Market Operations (OMOs) on Friday, infusing a total of Rs5.6 trillion into the market to bolster liquidity.
As outlined by the SBP, Rs5.3 trillion was introduced through a seven-day reverse repo OMO, featuring an interest rate of 7.25 percent. This reversket-e repo OMO functions as a mechanism employed by the central bank to absorb surplus funds from the banking system, thereby aiding in the control of inflation.
Additionally, the remaining Rs200 billion was injected through a Shariah-compliant Modarabah-based OMO spanning three days, operating at a profit rate of 7.28 percent.
Read More: https://dusknews.com/