Karachi: In a significant development for Pakistan’s financial markets, the Pakistan Stock Exchange (PSX) has inducted three mutual funds as trading participants for proprietary account trading in Government of Pakistan (GoP) Sukuk. This induction follows the approval from the Securities and Exchange Commission of Pakistan (SECP) and is in accordance with Regulation 6.1(q) of the PSX Rulebook. The mutual funds approved for this role include CDC Trustee Meezan Islamic Asaan Cash Fund, CDC Trustee Meezan Daily Income Fund - Meezan Munafa Plan -1, and CDC Trustee Meezan Government Securities Fund - Meezan Government Securities Plan -I.

According to information available from the Pakistan Stock Exchange (PSX), these mutual funds have met all necessary documentary, operational, and technical requirements to be eligible for trading in GoP Sukuk. The decision enables these funds, which are Debt Market Clearing Members (DMCMs) of the National Clearing Company of Pakistan Limited (NCCPL), to engage in proprietary trading of GoP Sukuk through primary market auctions at PSX. However, the approval restricts them to trade solely in GoP Sukuk for their proprietary accounts, excluding other fixed income securities available in the Bills and Bonds (BnB) market.

This move, reported on September 4, 2026, is anticipated to enhance the trading dynamics and liquidity of GoP Sukuk, providing a specialized trading avenue for the inducted mutual funds within the designated market category.