Government of Pakistan Raises PKR 75 Billion via Ijarah Sukuk Auction

The Government of Pakistan has raised PKR 74.89 billion via the auction of Ijarah Sukuk with five-year variable and fixed rental rates through the State Bank of Pakistan (SBP), according to local media reports.

The five-year Government Ijarah Sukuk (GIS) received PKR 93.31 billion worth of bids for the Variable Rental Rate, out of which PKR 69.03 billion was accepted under competitive GIS, and PKR 97.00 million as non-competitive bids, resulting in a total of PKR 69.128 billion, local media reported.

In addition, local media stated that the Fixed Rental Rate of the five-year GIS raised a total of PKR 5.762 billion, out of which PKR 5.65 billion was accepted as competitive bids, and...