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