Karachi: The Government of Pakistan has announced the results of its Ijarah Sukuk (GIS) auction conducted through the Pakistan Stock Exchange (PSX) on September 16, 2024. The auction involved the issuance of various Sukuk, including one-year discounted Ijarah Sukuk and fresh issues for three-year, five-year, and ten-year fixed-rate and variable-rate Sukuk.

According to information available from the Pakistan Stock Exchange (PSX), the primary auction included significant participation from market participants seeking investment in Shariah-compliant securities. The auction results were categorized under different maturity periods and structures to cater to varying investment preferences in the market.

The results were detailed as follows: Annexure "A" covers the one-year discounted Ijarah Sukuk, while Annexure "B" provides information on the fresh issue of three-year, five-year, and ten-year fixed-rate Ijarah Sukuk. Additionally, Annexure "C" highlights the fresh issue of three-year, five-year, and ten-year variable-rate Ijarah Sukuk.

These Sukuk are part of the government’s ongoing efforts to manage liquidity and provide investment options for market participants. The results of this auction offer insight into the level of interest in these long- and short-term securities and provide data crucial for investors.