{"id":14362,"date":"2025-02-02T03:50:54","date_gmt":"2025-02-02T03:50:54","guid":{"rendered":"https:\/\/gsrra.com\/?p=14362"},"modified":"2025-02-02T03:50:56","modified_gmt":"2025-02-02T03:50:56","slug":"pakistan-sbp-injects-rs11-4tr-via-omo","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=14362","title":{"rendered":"Pakistan: SBP injects Rs11.4tr via OMO"},"content":{"rendered":"\n

Gold holds steady at record Rs291,800, rupee stays stable<\/strong><\/em><\/p>\n\n\n\n

The central bank injected financing at a stable rate of 17.25% compared to previous injections made at 17.04% about a week ago. <\/em><\/strong><\/p>\n\n\n\n

The State Bank of Pakistan (SBP) injected Rs11.4 trillion into the banking system on Friday through Open Market Operations (OMO), aiming to maintain liquidity.<\/p>\n\n\n\n

On January 31, 2025, the SBP conducted OMO Reverse Repo Purchase transactions, injecting Rs11.415 trillion in total. This included Rs10.53 trillion via conventional reverse repo injections and Rs886 billion through Shariah-compliant Mudarabah-based injections<\/p>\n\n\n\n

Under the conventional OMO, the SBP accepted Rs2,003.1 billion for a 7-day tenor at a 12.05% rate of return, with 21 accepted bids, while Rs8,526.4 billion was injected for a 28-day tenor at 12.04%, with 27 accepted bids. Meanwhile, in the Shariah-compliant OMO, Rs498 billion was accepted for 7 days at a 12.08% return with 5 bids, and Rs388 billion for 28 days at the same 12.08% return with 4 bids.<\/p>\n\n\n\n

Meanwhile, gold prices remained stable in Pakistan on Friday despite an upward trend in international markets, following a record-breaking surge on Thursday. According to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of one tola of gold held steady at Rs291,800.<\/p>\n\n\n\n

On Thursday, gold prices saw sharp intraday gains, initially rising by Rs1,600 per tola to Rs290,300 before surging to Rs291,800.<\/p>\n\n\n\n

Adnan Agar, Director at Interactive Commodities, attributed the rally to economic uncertainty, stating that concerns over Donald Trump’s potential tariffs on Mexico have reinforced gold’s status as a safe-haven asset, which could push prices even higher.<\/p>\n\n\n\n

Globally, gold prices surpassed the key $2,800 mark for the first time ever on Friday, driven by heightened concerns over global economic growth and inflation. Spot gold rose 0.6% to $2,810.66 per ounce by 1525 GMT, after hitting a record high of $2,817.23 earlier. US gold futures remained near $2,826.40, trading at a premium to spot gold rates.<\/p>\n\n\n\n

Additionally, the Pakistani rupee remained mostly stable against the US dollar, recording a slight appreciation of 0.01% in the interbank market. By the end of Friday’s trading session, the currency settled at 278.95, gaining 2 paisa.<\/p>\n\n\n\n

Reference Link:- https:\/\/tribune.com.pk\/story\/2525844\/sbp-injects-rs114tr-via-omo<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold holds steady at record Rs291,800, rupee stays stable The central bank injected financing at a stable rate of 17.25% compared to previous injections made at 17.04% about a week ago. The State Bank of Pakistan (SBP) injected Rs11.4 trillion into the banking system on Friday through Open Market Operations (OMO), aiming to maintain liquidity. […]<\/p>\n","protected":false},"author":1,"featured_media":14363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[132,11736,105,11737,36,11734,11735,2128,11733,9900],"class_list":["post-14362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-economy","tag-fanancial-stability","tag-geopolitics-2","tag-open-market-operations","tag-pakistan","tag-policy-measures-to-stability","tag-rupees","tag-sbp","tag-stabilty-of-economy","tag-state-bank-of-pakistan"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/14362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14362"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/14362\/revisions"}],"predecessor-version":[{"id":14364,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/14362\/revisions\/14364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/14363"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}