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Karachi, 21 May: Pakistan Stock Exchange Limited (PSX) raised Rs76.286 billion for the Ministry of Finance through the 6th Auction of Government of Pakistan Hybrid Sukuk (GHS) held on May 20, 2026. This reflects strong investor demand for Shariah-compliant government securities.
Moreover, Meezan Bank served as Joint Financial Advisor. It supported the structuring, development, and execution of the Sukuk programme. As a result, it strengthened its role in Pakistan’s Islamic capital market.
In total, the auction attracted heavy participation. Investors submitted bids worth Rs262.197 billion in face value. Meanwhile, the total realized value reached Rs254.593 billion.
For the one-year fixed rate discounted Sukuk, the cut-off rate settled at 12.4880 percent. Consequently, it showed a decline of 1.32 basis points.
In addition, the 10-year Variable Rental Rate Sukuk closed at a cut-off rental rate of 11.8569 percent. This reflected a spread of 0.4884 percent over the reference rate of 11.3685 percent.
Overall, the PSX platform helped raise over Rs76 billion. Therefore, it highlights the growing role of capital markets in government debt mobilization through Islamic finance instruments.
Furthermore, the Hybrid Sukuk programme continues to expand the investor base. It also supports liquidity management in Islamic banking and provides the government with a stable funding channel.
Finally, the Ministry of Finance, State Bank of Pakistan, and PSX jointly strengthened the Sukuk market. Their coordination enabled wider investor participation in Shariah-compliant instruments.
Market participants noted strong bidding interest. They said investors continue to prefer sovereign-backed Islamic instruments due to stable returns and government credit exposure.
