Karachi: The Government of Pakistan's Hybrid Sukuk, a 1-year fixed rate discounted bond, is set to commence trading on the Pakistan Stock Exchange (PSX) as of Tuesday, June 30, 2026. The announcement follows the primary market auction conducted on June 23, 2026, with settlement finalized a day later, on June 24, 2026.

The trading of the Hybrid Sukuk will take place on the Jade Trading Terminal (JTT), a BnB Enabled Terminal, marking a significant step for market participants. The instrument is identified under the symbol code P01GHS230627 and is scheduled to mature on June 23, 2027. The cut-off price for the Sukuk has been set at Rs. 89.5608, with a cut-off rental rate of 11.6880%.

According to information available from the Pakistan Stock Exchange (PSX), the Sukuk's face value stands at Rs. 5,000, and it is tradable in multiples of this amount. Orders for buying or selling must be placed in quantities of at least 5,000, with a maximum limit of 5 billion units. The total value of buy or sell orders is capped at PKR 6 billion.

The settlement cycle for the Sukuk trades will follow a T+1 schedule for continuous auctions and T+0 for negotiated deals, ensuring prompt transaction processing. The National Clearing Company of Pakistan Limited (NCCPL) will oversee clearing, settlement, and risk management, while custody will be maintained by the Central Depository Company of Pakistan Limited (CDC).

Participants seeking assistance with trading on the secondary market can contact PSX via telephone numbers 021-3527 4401 to 4410 for queries related to the JTT Terminal. For registration as a Debt Market Clearing Member and settlement-related questions, NCCPL can be reached at 021-111-111-622.