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

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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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