Pakistan raises $425,000 in Sukuk auction
The Government of Pakistan raised $425,000 (Rs118.05 billion) in its 32nd auction of Government of Pakistan Ijarah Sukuk (GIS), reflecting continued demand for Shariah-compliant sovereign instruments, according to data from the Pakistan Stock Exchange.
The auction drew total bids of $1.5 million (Rs445.49 billion), indicating strong participation from investors and liquidity within the Islamic banking sector.
Meezan Bank, acting as the lead joint financial adviser, supported the structuring and execution of the transaction.
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Muhammad Ali Bandial