Karachi: In a significant development, the Debt Management Office (DMO) of Pakistan has announced a revision in the auction targets for the Government of Pakistan (GoP) Hybrid Sukuk and GoP Ijarah Sukuk. The announcement was made following a notice from the Pakistan Stock Exchange (PSX) dated October 5, 2026, which detailed the changes in the Revised Auction Calendar for these financial instruments.

The report, dated October 6, 2026, specifies that the auction size for both the 3-Year Fixed Rental Rate GoP Hybrid Sukuk and the 10-Year Fixed Rate Zero Coupon GoP Ijarah Sukuk has been altered. The initial target of PKR 50 billion for each Sukuk has been scaled down to PKR 25 billion. According to information available from the Pakistan Stock Exchange (PSX), these adjustments reflect the strategic decisions by the DMO to manage debt instruments more effectively in the current market environment.

The auction target sizes were initially detailed in Term Sheets labeled as Annexure "A" and Annexure "B." These documents have been revised to reflect the new targets and are provided for reference. Additionally, the non-competitive per investor maximum limit has also been revised in the PSX Auction System, aligning with the updated strategy by the Debt Management Office.

These changes are expected to influence the designated market category, impacting investors and market participants who engage in trading these specific Sukuk instruments. The revisions are part of broader efforts to optimize Pakistan's debt management framework, ensuring that the country's financial obligations are met with greater efficiency and foresight.