Karachi: The Pakistan Stock Exchange (PSX) has announced the resumption of trading for the Government of Pakistan (GoP) Ijarah Sukuk, effective September 30, 2026. This decision follows a suspension notice, PSX/N-1129, issued on September 15, 2026, regarding rental payment issues on the Sukuk initially dated September 30, 2025.
The trading will recommence for the 3 & 5 Year Fixed Rental Rate (FRR) and the 10 Year Variable Rental Rate (VRR) GIS issues dated September 30, 2025. These instruments will now be traded based on revised profit rates.
According to information available from the Pakistan Stock Exchange (PSX), the 10 Year Variable Rental Rate is particularly notable. The security, with the code P10VRR300935, has a net profit rate currently applicable at 10.9135%. The latest 6-month weighted average yield, as of September 16, 2026, stands at 11.6759%. The spread, as per the auction on September 29, 2025, is -27.50 basis points. Consequently, the new net profit rate, applicable from September 30, 2026, to March 30, 2027, is set at 11.4009%, representing a moderate move.
All market participants are advised to update their records and proceed with the necessary adjustments as trading resumes on the specified date.