SBP to Conduct Reverse Repo Purchase, Shariah Compliant Mudarabah-based OMO Injection

MG News | August 01, 2024 at 11:25 AM GMT+05:00

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August 01 2024 (MLN): The State Bank of Pakistan (SBP) has invited quotes for Open Market Operations (OMO) for the Reverse Repo Purchase (Injection).

Scheduled Banks, DFIs, and Primary Dealers are eligible for the Reverse Repo Purchase (Injection).

OMO Tenor: 01-day (Maturity Date: 02-Aug-24)

Quotes Timings: Upto 1145 hours

Shariah Compliant OMO:

OMO Tenor: 01-day (Maturity Date: 02-Aug-24)

Quotes Timings: From 1145-1200

OMO Settlement: Same day (Friday, August 01, 2024)

OMO Result: At 1230 hours

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

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