KARACHI:

The State Bank of Pakistan (SBP) on Friday injected a total of Rs1.004 trillion into the banking system through dual open market operations (OMOs), using both conventional and Shariah-compliant instruments to manage liquidity.

In the conventional reverse repo OMO, the SBP accepted Rs898 billion against bids of Rs1.098 trillion. This included Rs198 billion for the seven-day tenor at 11.04% and Rs700 billion for the 14-day tenor at 11.01% (partially allotted on a pro rata basis).

Under the Shariah-compliant Mudarabah OMO, the central bank injected Rs106 billion, comprising Rs103 billion for the seven-day tenor and Rs3 billion for the 14-day tenor, both at a higher uniform rate of 11.13%.

Furthermore, the Pakistani rupee continued its upward momentum against the US dollar, apprec

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