Karachi: The Pakistan Stock Exchange (PSX) has announced a temporary suspension of trading for the Government Ijarah Sukuk (GIS) P01GIS250425 in anticipation of its maturity payment. The 1-year sukuk, issued on April 26, 2024, is set to mature on April 25, 2025, and its maturity payment is scheduled for the same date. The announcement impacts all market participants involved in trading, clearing, and settlement activities related to this security.

According to the PSX, the trading suspension will commence on April 22, 2025, and will remain effective until April 24, 2025. During this period, the clearing and settlement activities at the National Clearing Company of Pakistan Limited (NCCPL) will also be temporarily halted. Additionally, the Central Depository Company (CDC) has announced a shut period for movements in Sub Accounts and Investor Accounts from April 23 to April 24, 2025.

According to information available from the Pakistan Stock Exchange (PSX), these measures are intended to facilitate the smooth processing of the maturity payment to all eligible investors. The sukuk in question was issued through a primary market auction and represents a significant financial instrument within the fixed-income market category.

The suspension schedule indicates a coordinated approach among PSX, NCCPL, and CDC to ensure a seamless transition during the maturity payment process. This temporary halt is part of routine procedures observed in the financial market to uphold the integrity of transactions and protect investor interests.