SBP to Conduct Reverse Repo Purchase, Shariah Compliant Mudarabah-based OMO Injection
By MG News | May 26, 2023 at 09:38 AM GMT+05:00
May 26, 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: 5-day Maturity Date: May 31, 2023
77-day Maturity Date: Aug 11, 2023
Quotes Timings: Upto 1030 hours
OMO Result: At 1200 hours OMO Settlement: Same day (Friday, May 26, 2023)
Shariah Compliant OMO:
OMO Tenor: 5-day Maturity Date: May 31, 2023
77-day Maturity Date: Aug 11, 2023
Quotes Timings: From 1030-1100 hours
OMO Result: At 1200 hours
OMO Settlement: Same day (Friday, May 26, 2023)
It is important to note that the quotes can be rejected without assigning any reason.
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