During 2005, SBP Treasury introduced the Money Market Computerized Reporting System (MM-CRS) for banks which helped in not only assessing the market liquidity, but to improving the grip on market gaps and interbank activity, thus strengthening the market management capability and SBP's forecasting capacity. Between Apr-Dec 2005, not only OMOs have been conducted both ways, but with a greater flexibility of tenors and frequency.
A number 1/2  BIS central bankers' speeches  of explanations have been offered for the decline in productivity growth, including mismeasurement in the official statistics, depressed capital investment, and a falloff in business dynamism, with reality likely reflecting some combination of all of these factors and more.