SBP to Conduct OMO Reverse Repo Purchase, Shariah Compliant Modarabah based (Injection)

MG News | June 16, 2023 at 10:03 AM GMT+05:00

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June 16, 2023 (MLN): The State Bank of Pakistan (SBP) has invited the quotes for Open Market Operations (OMO) for the Reverse Repo Purchase (Injection) and Shariah Compliant Mudarabah-based OMO injection.

Scheduled Banks, DFIs, and Primary Dealers are eligible for the Reverse Repo Purchase (Injection) while All Islamic Banks and Islamic Bank Branches are eligible for the Shariah Complaint OMO.

OMO Tenor: 3-day Maturity Date: June 19, 2023

77-day Maturity Date: September 01, 2023

Quotes Timings: Upto 1045 hours

OMO Result: At 1200 hours OMO Settlement: Same day (Friday, June 02, 2023)

Shariah Compliant OMO:

OMO Tenor: 3-day Maturity Date: June 19, 2023

77-day Maturity Date: September 01, 2023

Quotes Timings: From 1045-1115 hours

OMO Result: At 1200 hours

OMO Settlement: Same day (Friday, June 16, 2023)

It is important to note that the quotes can be rejected without assigning any reason.

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