24 February 2024
  • 6:16 am ‘How is this Naya Kashmir?’ Why end of term of panchayats worsens anxieties about Delhi rule
  • 1:06 am Zhalay Sarhad’s comments on marriage go viral
  • 12:48 am Horrific: Man shot, stabbed by his four friends
  • 12:47 am ‘Suits’ sets new streaming record in 2023
  • 12:37 am Three coordinated attacks thwarted in Balochistan’s Mach: Jan Achakzai
Choose Language
 Edit Translation
My-Ads
Spread the News

KARACHI: The State Bank of Pakistan (SBP) on Tuesday injected Rs. 454.6 billion in the market through reverse repo purchase and Shariah Compliant Modarabah Open Market Operation (OMO) cumulatively.

According to OMO results issued here, the SBP conducted Open Market Operation, Reverse Repo Purchase (Injection) on December 5, 2023 for a tenor of 3 days.

The central bank received 14 quotes amounting to Rs.469.450 billion offered at the rate of return ranging between 22.06 to 22.21 percent. Of them, the SBP, accepted 9 quotes amounting to Rs.434.6 billion at the return rate of 22.11 %.

Meanwhile, the central bank also conducted Shariah Compliant Mudarabah based Open Market Operation for a tenor of 3 days, in which it received one quote amounting to Rs.20 billion.

The SBP accepted the quote at cut-off rate of 22.11%.

Abdul Gh Lone

RELATED ARTICLES