Pakistan’s Planned Sukuk Issuance of up to USD 1 Billion Likely to Draw Significant Interest

The Government of Pakistan had planned to issue Sukuk worth USD 750 million to USD 1 billion, but this has been delayed consequent to the Cabinet rejecting the F-9 Park in Islamabad as an asset-backed guarantee. According to industry sources, the Ministry of Finance is in the process of identifying other assets that can be put forward for this. Once finalised, the Dollar-denominated Sukuk are likely to draw significant interest from international investors on the back of the improving macroeconomic situation and the resumption of the International Monetary Fund (IMF)’s loan programme. Recent trends within the global Sukuk markets also appear favourable.

Why it Matters?

Special Secretary to the Ministry of Finance and the ministry’s spoke...