KARACHI:

The State Bank of Pakistan (SBP) injected a cumulative liquidity of around Rs3.45 trillion into the banking system through its conventional and Shariah-compliant Open Market Operations (OMOs) to ensure adequate liquidity ahead of the weekend.

According to the Domestic Markets and Monetary Management Department, the SBP accepted Rs3.26 trillion under the conventional reverse repo OMO at a rate of return of 11.01% per annum. The operation included Rs297 billion for seven days and Rs2.96 trillion for 14 days.

Separately, under the Shariah-compliant Mudarabah-based OMO, the central bank accepted Rs193 billion for a seven-day tenor at a return rate of 11.11%,

with no bids received for the 14-day tenor.

Moreover, the Pakistani rupee gained slightly against the US dollar in the inte

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