Pakistan, Oct. 4 -- KARACHI- The State Bank of Pakistan (SBP) injected Rs9,995.35 billion into the banking system through Reverse Repo Purchase and Shariah-compliant Mudarabah-based Open Market Operations (OMO) on Friday to ensure adequate liquidity in the market.

According to SBP, Rs9,607.85 billion were injected through Reverse Repo Purchase (Injection) for 7 and 14-day tenors, while another Rs387.5 billion were added via Shariah-compliant Mudarabah-based OMO.

For the 7-day tenor, SBP received 16 bids totaling Rs407.85 billion at rates ranging from 11.01% to 11.09% and accepted the full amount at 11.01%. For the 14-day tenor, 18 bids amounting to Rs9,252 billion were received, with Rs9,200 billion accepted at 11.01%.

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