Pakistan, June 20 -- The State Bank of Pakistan (SBP) has injected a record Rs14.3 trillion into commercial and Islamic banks for seven days. This move comes after a major cash withdrawal during Eid-ul-Adha and delays in expected foreign inflows. The central bank conducted the injection through its regular open market operation (OMO). The amount equals almost 44% of total bank deposits, which stood at Rs32.7 trillion in May 2025.

According to SBP Governor Jameel Ahmad, two reasons caused the liquidity crunch. First, a temporary spike in currency withdrawal by people during Eid reduced deposits. Second, the delay in external financial help from lenders like the IMF and World Bank increased reliance on local debt. As a result, the governme...