Karachi: The Pakistan Stock Exchange (PSX) has announced the induction of the National Bank of Pakistan (NBP) as a trading participant, specifically for proprietary trading in Government of Pakistan (GoP) Sukuk. This development follows regulatory approval from the Securities and Exchange Commission of Pakistan (SECP) and is in accordance with PSX Notice# PSX/N-1205, which was issued on December 16, 2024.

The announcement, made on July 7, 2026, marks a significant step in enabling Commercial Banks and Mutual Funds, which are Debt Market Clearing Members (DMCMs) of the National Clearing Company of Pakistan Limited (NCCPL), to participate in the proprietary trading of GoP Sukuk. This approval is granted under the provision to Regulation 6.1(q) of the PSX Rulebook.

According to information available from the Pakistan Stock Exchange (PSX), NBP was inducted as a trading participant after fulfilling all necessary documentary, operational, and technical requirements. This induction allows NBP to engage in trading GoP Sukuk issued through primary market auctions at the PSX. However, the trading participant status permits trading solely in GoP Sukuk for proprietary accounts, explicitly excluding other fixed income securities in the Bills and Bonds (BnB) market, such as Corporate Debt Securities and Government Debt Securities.

This move is expected to enhance the operational capabilities of the National Bank of Pakistan in the designated market category of GoP Sukuk trading, furthering the depth and liquidity of this segment within the financial market.