KARACHI: Pakistan Stock Exchange Limited will carry out the first-ever auction of the one-year listed Government of Pakistan Ijara Sukuk in accordance with the auction target calendar from December 2023 till February 2024.

The PSX will conduct the first-ever auction on Friday (Dec 8) with the government target to raise Rs 30 billion. The second auction of this GoP Ijara Sukuk will be carried out on January 23, 2024 and the last auction would be held on February 20, 2024, with the government plan to raise Rs 90 billion from the sale of one-year Ijara Sukuk on the said three auctions.

It has been decided that the auction for these Ijara Sukuk will be carried out through the Capital Market Infrastructure Institutions, which include the PSX, National Clearing Company of Pakistan Limited and the Central Depository Company of Pakistan Limited (CDC).

Copyright Business Recorder, 2023