SBP to Conduct OMO Reverse Repo Purchase and Shariah Compliant Modaraba based (Injection)

MG News | July 07, 2023 at 10:27 AM GMT+05:00

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July 07, 2023 (MLN): The State Bank of Pakistan (SBP) has invited the quotes for Open Market Operations (OMO) for the Reverse Repo Purchase (Injection) while All Islamic Banks and Islamic Bank Branches are eligible for the Shariah Complaint OMO.

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: 07-day (Maturity Date: 14-July-2023)

77-day (Maturity Date: 22-Sep-2023)

Quotes Timings: Upto 11 hours

Shariah Compliant OMO:

OMO Tenor: 07-day (Maturity Date: 14-July-2023)

77-day (Maturity Date: 22-Sep-2023)

Quotes Timings: From 1100-1130 hours

OMO Settlement: Same day (Friday, July 07, 2023)

OMO Result: At 1300 hours

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

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