Table of Contents

SBP Adds Additional Rs382bn for 63 Days

Karachi: According to news sources, the State Bank of Pakistan (SBP) injected Rs1.08 trillion into the money market on Friday as part of yet another open market operation (OMO), this time for an unprecedented 63-day period.

Read: Rawalpindi Ring Road to Be Developed Under PSDP

The SBP injected Rs701 billion at 9.82 percent for seven days and Rs381.75 billion at 9.85 percent for 63 days via the OMO. The OMO is a method employed by the central bank to fine-tune short-term interest rates through the trading of government debt securities with commercial banks.

The new OMO followed an injection of RKR 1.77 trillion a week ago, in which the SBP gave banks money for the first time in recent years with a 63-day maturity.

Read: Settler Organization Begins Constructing Steel Construction Overlooking Al-aqsa Mosque

On the secondary market, Treasury bills became more expensive after the November monetary policy statement. In its subsequent monetary policy pronouncement on December 14, the SBP hiked the policy rate by 100 basis points, deeming the significant rise in secondary market yields unwarranted. However, rates remained constant at the following government bond auction on December 15.

The SBP has issued Rs1.07 trillion in total liquidity to banks through two 63-day OMOs held one week apart. Consequently, banks will be allowed to bid at a reduced rate for Treasury bills in the December 29 auction. On December 15, the cutoff yield for three-month Treasury bills at the auction was 10.78 percent.

For more information and details, visit our website Al Sadat Marketing.

You can also invest in other famous and most in demand housing societies, such as , Blue World City,  Rudn Enclave7 Wonders City PeshawarTaj ResidenciaKingdom Valley,  New Metro City Gujar KhanForest Town RawalpindiUniversity Town RawalpindiICHS TownPark View City IslamabadMulti Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2Prism Town Gujar KhanNew City ParadiseEighteen Islamabad7 Wonders City IslamabadCapital Smart City,  Silver City IslamabadThe Life Residencia,  Faisal Town IslamabadIslamabad Golf CityIslamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Talk to Us!

Latest Posts

Categories

Leave a Reply

Your email address will not be published. Required fields are marked *