Karachi: The Government of Pakistan has successfully concluded the auction of its Ijarah Sukuk on a Bai’ Muajjal basis, as conducted through the Pakistan Stock Exchange on October 29, 2025. This auction involved the issuance of a 1-Year GIS Discounted instrument, designated as P01GIS061125.
The auction, conducted for the outright purchase of the Government of Pakistan Ijarah Sukuk (GIS) on a deferred payment basis, saw a total of 83,500 million PKR offered in face value. The Bai’ Muajjal price range was established between 136.26 and 137.85.
According to information available from the Pakistan Stock Exchange (PSX), the cut-off deferred price for the GIS was set at 136.99, with an amount of 62,500 million PKR accepted in face value. The Bai’ Muajjal amount corresponding to this acceptance amounted to 85,618.75 million PKR.
The Sukuk, set for delivery on October 30, 2025, carries a maturity date of October 30, 2028, indicating a commitment to a 1,096-day tenor period for this financial instrument. The auction’s results reflect the ongoing transactions and financial strategies within Pakistan’s market category for government-backed securities.