OMO Result: SBP injects Rs300m into Market

April 30, 2026 (MLN): The State Bank of Pakistan (SBP) conducted a reverse repo Open Market Operation (OMO) today, in which it injected a total of Rs300,000m into the market through an 8-day reverse repo OMO. Out of Rs689,000m offered, Rs300,000m was accepted at a rate of 10.56%.

*/- The SBP accepted Rs300,000m on a pro-rata basis out of a total Rs600,000m offered at a yield of 11.56%.                                                                                      

Note: Contracts must be uploaded on DAP by 1400 hrs today

 Explanatory Note

Open Market Operation is a tool used by SBP to inject or mop up funds from the banking system, based on liquidity requirements, via the purchase or sale of eligible securities.

Operationally, in case of OMO (Injections), SBP lends funds to banks/Primary Dealers (PDs) against eligible collateral to address liquidity shortage in the system.

For OMO (Injections), marketable government securities, i.e. Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs) are eligible securities.

In OMO (Mop-up), SBP sells MTBs to banks in exchange for funds to remove surplus liquidity from the system.

Eligible collateral for OMO (Mop-up) includes selling MTBs (on repo or outright basis) to banks for removing excess liquidity from the system.

In case of Bai-Muajjal, a Shariah compliant tool for managing liquidity in 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 specialized Islamic windows of conventional banks are eligible counterparties.

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