SBP injects Rs 300 billion in market
Central Bank announces Eid holidays
KARACHI: The State Bank of Pakistan (SBP), Tuesday, injected over Rs 300 billion through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO) to maintain liquidity in the market.
The central bank conducted the Open Market Operation, Reverse Repo Purchase (Injection) for 10-day tenor on March 17, 2026, and injected Rs 298.2 billion against 8 bids while other Rs 2.5 billion were injected through Shariah Compliant Mudarabah based OMO.
The central bank, for the Reverse Repo Purchase of 10-day tenor, received 8 bids cumulatively offering Rs 298.2 billion at the rate of return ranging between 10.51 to 10.56%. The SBP accepted the entire amount against 8 quotes at 10.51% rate of return. Meanwhile, SBP also conducted Shariah Compliant Mudarabah based Open Market Operation for the 10-day tenor. The central bank received one quote offering Rs 2.5 billion at 10.57% rate of return. SBP accepted the entire amount at the offered rate.
Meanwhile, the State Bank of Pakistan (SBP) and all the banks and financial institutions will remain closed for 4 consecutive days from 20 to 23 March, 2026 on account of Eid-ul-Fitr, Sunday and Pakistan Day.
The SBP, through a press statement issued here on Tuesday, announced that the State Bank of Pakistan will remain closed on March 23, 2026 (Monday) being a public holiday on the occasion of “Pakistan Day” as declared by the Government of Pakistan.
The central bank’s Banking Policy and Regulations Department has earlier circulated that the State Bank of Pakistan will remain closed on 20th and 21st March, 2026 (Friday and Saturday) being public holidays on the occasion of Eid-ul-Fitr.
Subsequently, all commercial banks, Development Finance Institutions, and Micro Finance Banks will observe the 2-day Eid holiday, followed by a weekly off day on the Sunday while the upcoming Monday March 23, 2026 will also be a holiday on account of the Pakistan Day. APP
