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OMO Result: SBP Injects Rs.1,440.00 Billion for 1 Day

June 05, 2020 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation on Friday in which it injected Rs.1,440.00 Billion into the market for 1 Day.

Summary of OMO Result

  Amount*RateBids
TenorTypeOfferedAcceptedHigh - LowAcceptedOfferedAccepted
1DReverse Repo (Injection)1,478.6501,440.0008.07 - 8.028.022424
Total amount offered at 8.02 % was Rs. 249,000,00 mio out of which SBP accepted Rs 210,350.00 mio on pro rata basis.
OMO Settlement: same day June 05, 2020
*Amount in Billions

 

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Russia says OPEC+ meeting to be held on Saturday

June 5, 2020: The Russian energy ministry said a video conference of a group of leading oil producers, known as OPEC+, would be held on Saturday.

Separately, an OPEC+ source told Reuters that the OPEC conference was scheduled to start at 2 pm Vienna time (1200 GMT) on Saturday followed by the OPEC+ online meeting at 4 pm.

Reuters

OGRA takes up the matter of HOBC pricing with...

June 5, 2020 (MLN): Oil and Gas Regulatory Authority (OGRA) has taken up the matter of HOBC pricing with Oil Marketing Companies (OMCs), keeping in view the interests of the consumers, OGRA’s spokesperson said on Friday.

Taking to his social media handle, the spokesperson informed that all OMC’s have been advised to set reasonable prices in line with the declining oil prices in international market.

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SBP to Conduct 7 Day OMO

June 05, 2020 (MLN): The State Bank of Pakistan (SBP) announced that it will conduct a 7 day OMO to inject funds into the market.

Quotes timing is: 11:00 PST while result will be announced at: 11:30 PST

Settlement is same day - June 05, 2020

 

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PM directs to accelerate process of reforms in petroleum...

June 5, 2020: Prime Minister Imran Khan has directed to further accelerate the process of reforms in the petroleum sector.

Talking to Special Assistant on Petroleum Nadeem Babar who called on him in Islamabad yesterday, he said this is important to bring improvement in the sector and provide relief to the masses.

The special assistant apprised the Prime Minister about the progress made so far for reforms in the petroleum sector.

Radio Pakistan

 

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