Karachi: The Government of Pakistan has successfully concluded its latest auction for the issuance of GoP Hybrid Sukuk (GHS) and GoP Ijarah Sukuk (GIS), utilizing the Pakistan Stock Exchange (PSX) Auction System. The auction, which took place on September 18, 2026, attracted significant attention from market participants, resulting in substantial bids across different tenors.

For the 10-Year Fixed Rate Zero Coupon GoP Ijarah Sukuk, the total face value offered was 6.80 billion Pakistani Rupees, with a realized amount of 2.34 billion Rupees. The competitive bids accepted amounted to 6.30 billion Rupees in face value, with a realized amount of 2.14 billion Rupees and a cut-off yield of 12.50%. The non-competitive bids consisted of a face value of 1.60 million Rupees with a realized amount of 0.50 million Rupees, achieving a weighted average yield of 12.4494%. According to information available from the Pakistan Stock Exchange (PSX), the overall acceptance for this tranche stood at 6.80 billion Rupees in face value, with a total realized amount of 2.14 billion Rupees.

In the segment for the 3-Year and 5-Year Fixed Rental Rate GoP Hybrid Sukuk, the auction saw a total face value of 77.68 billion Rupees, with a realized amount of 75.00 billion Rupees. The competitive bids accepted for the 3-Year Sukuk amounted to 16.63 billion Rupees in face value, with a realized amount of 16.16 billion Rupees and a cut-off yield of 12.342%. For the 5-Year Sukuk, the competitive bids accepted totaled 37.55 billion Rupees in face value, with a realized amount of 36.40 billion Rupees and a cut-off yield of 12.346%. Non-competitive bids for the 3-Year Sukuk included a face value of 98.36 million Rupees and a realized amount of 95.49 million Rupees, achieving a weighted average yield of 12.1897%. The 5-Year Sukuk saw non-competitive bids with a face value of 54.05 million Rupees and a realized amount of 52.39 million Rupees, with a weighted average yield of 12.3434%.

The auction results underscore the continued interest and confidence of market participants in Pakistan's Sukuk offerings. The total acceptance for the 3-Year and 5-Year Fixed Rental Rate Sukuk amounted to 61.33 billion Rupees in face value, with a total realized amount of 61.33 billion Rupees, indicating robust market demand.