Government raises Rs76.29bn through 6th hybrid Sukuk auction via PSX

The Pakistan Stock Exchange on May 20, 2026 successfully facilitated the raising of Rs76.29 billion for the Ministry of Finance through the 6th Auction of Government of Pakistan Hybrid Sukuk (GHS), according to official results.

The auction drew total bids worth Rs262.197 billion in face value, with the realized value recorded at Rs254.593 billion, indicating robust participation from institutional investors.

Market activity remained strong across both fixed and variable instruments, with banks and mutual funds actively bidding for sovereign Shariah-compliant securities amid sustained demand for government-backed paper.

For the one-year fixed-rate discounted Sukuk, the cut-off yield was set at 12.4880%, reflecting a decline of 1.32 basis points.

In the 10-year Variable Rental Rate Sukuk, the cut-off rental rate stood at 11.8569%, carrying a spread of 0.4884% over the reference rate of 11.3685%.

The Government of Pakistan Hybrid Sukuk programme continues to serve as a key financing channel for the government, supporting Islamic banking liquidity management and expanding the sovereign investor base in domestic capital markets.

The issuance was conducted in coordination with the Ministry of Finance and the State Bank of Pakistan, alongside PSX, as part of ongoing efforts to strengthen the domestic Islamic debt market.

Market participants said the strong bidding interest reflects continued appetite for sovereign-backed Shariah-compliant instruments, particularly from banks, mutual funds and other institutional investors seeking secure government exposure.