The State Bank of Pakistan (SBP) on Friday injected more than Rs. 13.68 trillion into the money market through conventional and Shariah-compliant open market operations to support liquidity requirements in the banking system.
According to the central bank, the conventional reverse repo operation accounted for Rs. 13.3 trillion, including Rs. 711.45 billion for seven days and Rs. 12.59 trillion for 14 days, with accepted rates of return of 10.53 percent and 10.51 percent, respectively.
In the parallel Shariah-compliant Mudarabah-based facility, the SBP injected an additional Rs. 381.29 billion, of which Rs. 75 billion was for seven days and Rs. 306.29 billion for 14 days.
Combined, the total liquidity support reached Rs. 13.68 trillion, with the conventional window accounting for the dominant share while the Islamic facility provided additional support to Shariah-compliant banks.
