Moaaz Manzoor

The State Bank of Pakistan (SBP) on Friday injected Rs12.39 trillion into the banking system through a conventional Open Market Operation (OMO) conducted on January 16, 2026, to meet short-term liquidity requirements.

According to the OMO result released by SBP’s Domestic Markets and Monetary Management Department, the central bank conducted a reverse repo purchase (injection) operation, accepting bids for 7-day and 14-day tenors

Under the 7-day tenor, banks offered bids amounting to Rs745 billion, all of which were accepted. The realised value of the accepted bids stood at Rs728.41 billion, with the cut-off rate fixed at 10.53 percent per annum. SBP accepted five quotes in this tenor

For the 14-day tenor, SBP received bids worth Rs11.97 trillion, against which the entire amount was accepted. The realised value of the accepted bids amounted to Rs11.66 trillion, with the accepted rate set at 10.51 percent per annum. A total of 20 quotes were accepted for the 14-day operation

Overall, the central bank accepted Rs12.71 trillion in face value, translating into a realised liquidity injection of Rs12.39 trillion into the interbank market through the operation The OMO was conducted as part of SBP’s routine liquidity management operations to ensure smooth functioning of the money market.

Credit: INP-WealthPk