Karachi: In a strategic move to streamline its financial instruments, the Government of Pakistan has unveiled a revised auction calendar for Government of Pakistan (GoP) Sukuk issuances. This announcement, detailed in a report dated November 10, 2026, follows the guidelines established by the Debt Management Office (DMO) of the Ministry of Finance.

The Pakistan Stock Exchange Limited (PSX) will oversee the auctions of GoP Hybrid Sukuk (GHS) and GoP Ijarah Sukuk (GIS) in alignment with the updated schedule. The auction calendar spans from November 2026 through January 2027, with a clear target of raising a total of 1.50 trillion PKR through these financial instruments.

According to the auction plan, the targeted auction size for the Discounted & Variable Rental Rate (VRR) GoP Sukuk stands at 1.50 trillion PKR. Auctions will be conducted bi-monthly, beginning on November 11, 2026, with subsequent dates set for November 25, December 9, and December 23, culminating in the final auction on January 20, 2027. Each auction aims to distribute 150 billion PKR across various tenors, including short-term and 10-year sukuk.

Additionally, the calendar includes two auctions for the Fixed Rental Rate (FRR) GoP Sukuk, scheduled for December 16, 2026, and January 15, 2027. These auctions aim to raise 400 billion PKR, focusing on longer tenors of 3, 5, 7, and 10 years, with each tenor targeted at 100 billion PKR.

According to information available from the Pakistan Stock Exchange (PSX), these auctions are part of a broader strategy to manage the country's debt profile effectively. The DMO's revised calendar reflects a strategic approach to meet financing needs while maintaining market stability.

In summary, the Government of Pakistan's revised Sukuk auction calendar highlights its commitment to structured financial planning and market engagement. The auctions will provide a significant influx of capital, aligning with the nation's economic objectives for the forthcoming months.