Islamabad International Airport Added as An Underlying Asset for Government of Pakistan Domestic Ijarah Sukuk  

Islamabad International Airport Added as An Underlying Asset for Government of Pakistan Domestic Ijarah Sukuk  

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The Government of Pakistan (GOP) has identified Islamabad International Airport as a new asset to be added to the transaction structure of the GOP Ijara Sukuk (GIS) when the Sukuk is reopened, according to a circular issued via the Domestic Markets & Monetary Management Department (DMMD) by the State Bank of Pakistan on the 15th of June 2022.

Why it Matters?

According to the document, existing assets mentioned in the Sukuk structure included Allama Iqbal International Airport and Multan International Airport, which can be used for fresh issuances as well as for the re-opening of the Sukuk. The Sukuk assets would now also comprise Islamabad International Airport, upon the addition of the new asset and the execution of the Asset Commingling Declarat...