June 12, 2026
Government raises Rs282.3bn through 7th Hybrid Sukuk auction
Auction draws bids worth over Rs921bn, with cut-off rates set at 12.89% for one-year Sukuk and 11.84% for 10-year variable-rate papers
June 12, 2026
The Ministry of Finance raised Rs282.323 billion through the seventh auction of the Government of Pakistan Hybrid Sukuk (GHS), conducted by the Pakistan Stock Exchange on June 10.
The auction attracted bids worth Rs921.426 billion in face value and Rs917.718 billion in realised value, reflecting strong demand for Shariah-compliant government securities.
According to the auction results, the cut-off rate for the one-year discounted Hybrid Sukuk was set at 12.8896%, while the 10-year variable-rate-return (VRR) Hybrid Sukuk was accepted at 11.8375%, representing a spread of 0.4690 percentage points over the reference rate of 11.3685%.
The Hybrid Sukuk programme is part of the government's efforts to mobilise funding through Islamic capital market instruments and diversify its borrowing sources.
The latest auction comes amid continued investor interest in government-backed Shariah-compliant securities.
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