Karachi: The Government of Pakistan (GoP) is set to initiate trading of its Hybrid Sukuk (GHS) on the Pakistan Stock Exchange (PSX) starting July 13, 2026. This follows the primary market auction conducted by PSX on July 8, 2026, and the subsequent settlement on July 9, 2026.

The GHS instrument, specifically a 1-Year Fixed Rate Discounted GoP Hybrid Sukuk, will mature on July 8, 2027. According to the details, the Sukuk will be traded on the Jade Trading Terminal (JTT), which is a BnB Enabled Terminal. The instrument has been assigned the symbol code P01GHS080727. The cut-off price has been set at Rs. 89.8723, with a cut-off rental of 11.2999%.

The trading of the Sukuk will follow specific modalities. The face value is Rs. 5,000, and trading must occur in multiples of this amount. The minimum buy or sell order quantity is set at 5,000, while the maximum is capped at 5.00 billion. Additionally, the maximum buy or sell order value is limited to PKR 6.00 billion.

Trading will be conducted under a continuous auction with a T+1 settlement cycle, while negotiated deals will have an instant T+0 settlement. Clearing, settlement, and risk management will be overseen by the National Clearing Company of Pakistan Limited (NCCPL). Custody of the Sukuk will be maintained with the Central Depository Company of Pakistan Limited (CDC).

According to information available from the Pakistan Stock Exchange (PSX), the trading platform will feature specific parameters, including a price tick of 0.0001 and circuit breakers set between 0.0001 and 400.0000. These measures are in place to ensure a structured trading environment.

The introduction of the GoP Hybrid Sukuk on the PSX provides a new avenue for investors, with trading expected to commence following the listing date on July 13, 2026. The financial instrument adds to the market's offerings, aligning with the structured financial strategies of the government.