Karachi: The Pakistan Stock Exchange (PSX) has announced the upcoming 23rd auction of the Government of Pakistan (GoP) Ijarah Sukuk (GIS), including a Green Sukuk auction, scheduled for June 25, 2025. The auction will be conducted via 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).
According to the revised auction calendar, as detailed in PSX Notice #PSX/N-536 dated May 22, 2025, participants are required to use their current system credentials from the previous auction held on May 29, 2025. Any changes to participant admin user details must be communicated to PSX/NCCPL. Participants must ensure accurate registration details and assign limits to avoid system registration issues.
BCM participants are mandated to provide a 10% advance committed amount for each instrument and communicate this to PSX/NCCPL via specified email addresses. They must also deposit the advance cash through the GDS Advance Deposit screen, accessible from June 20, 2025, to June 23, 2025, during business hours.
New participants need to submit details for two admin users, one each for the front and back office, during the same period. Upon registration and limit assignment by PSX, participants will receive their auction system credentials via registered email and mobile numbers.
According to information available from the Pakistan Stock Exchange (PSX), the auction will feature six instruments available for competitive and non-competitive bidding. The auction will occur between 10:00 a.m. and 12:00 p.m. on June 25, 2025. Failure to deposit the advance cash amount by 11:00 a.m. on June 24, 2025, will result in the participant being barred from the bidding session.
The final settlement amount collection is scheduled for June 26, 2025, from 9:00 a.m. to 12:00 p.m., completing the auction process. Market participants are urged to adhere strictly to the outlined procedures to ensure successful participation in the auction.