Karachi: The Pakistan Stock Exchange (PSX) is set to host the 30th Auction of Government of Pakistan (GoP) Ijarah Sukuk, inclusive of the inaugural Green Sukuk auction, on Wednesday, January 21, 2026. This event is organized through the PSX Auction System and is open to Broker Clearing Members (BCMs), Non-Broker Clearing Members (NBCMs), and Professional Clearing Members (PCMs) of the National Clearing Company of Pakistan Limited (NCCPL).
In a notice dated January 15, 2025, PSX outlined the procedures for the auction, emphasizing the use of existing credentials from the previous auction on December 10, 2025. Participants have been advised to maintain the same user details unless updates are communicated to PSX/NCCPL through specified email addresses.
According to information available from the Pakistan Stock Exchange (PSX), participants are required to submit a 10% advance committed amount instrument-wise and inform the authorities via email with the subject “Primary Market Auction Setup.” This requirement is crucial for BCM participants who must ensure their cash advances are deposited through the GDS Advance Deposit screen available on their NCSS terminals.
The auction will feature five instruments, including a 1-Year Fixed Rate GIS Discounted and various 3, 5, and 10-year options with fixed and variable rental rates. The face value per Sukuk is set at Rs.5,000, with a minimum bid size equivalent to this amount. Competitive bids have no maximum limit, while non-competitive bids are capped at 0.25% of the pre-auction target amount or Rs.500 million, whichever is lower.
The target amount for the auction is PKR 100 billion for GIS-Discounted, and PKR 50 billion each for the 3-Year GIS-FRR, 5-Year GIS-FRR, 10-Year GIS-FRZ (Zero Coupon), and 10-Year GIS-VRR. Eligible investors include those with a CDC Sub Account or CDC IAS Account, Roshan Digital Account Holders, and new investors through CDC’s Facilitation Account service.
Advance cash requirements vary by participant type, with BCMs, CDC IAS, and PCMs needing to deposit cash one day before the auction, while NBCMs must provide standing instructions or irrevocable undertakings from trustees. Failure to meet financial obligations may result in unit parking in the participant’s house account instead of the investor’s account.
The auction is set to take place from 10:00 a.m. to 12:00 p.m., with the final settlement collection scheduled for the following day, Thursday, January 22, 2026.