Govt raises over Rs309 in Ijarah Sukuk Auction

News Image

MG News | October 15, 2025 at 10:58 AM GMT+05:00

0:00

October 15, 2025 (MLN): The Government of Pakistan successfully raised Rs309.59 billion (Face Value) through the primary market auction of GoP Ijarah Sukuk (GIS) conducted on October 14, 2025.

This total amount significantly surpassed the aggregate auction target of Rs250bn.

The auction saw an exceptional total demand, with bids received across all tenors reaching a face value of Rs1,056.5bn.

The total amount raised was primarily concentrated in the Fixed Rental Rate (FRR) instruments and the 10-Year Variable Rental Rate (VRR) Sukuk:

Instrument

Bids Received

Total Amount Raised

Target

Cut-off Rental/Margin

Cut-off Price

1-Year Discounted IJARAH Sukuk

229.42

66.59

100

10.43%

90.58

GIS 03-Year FRR

54.62

30.71

25

10.82%

99.82

GIS 05-Year FRR

135.93

104.10

50

11.13%

100.03

GIS 10-Year Zero Coupon

410.00

77.01

25

11.85%

32.63

GIS 05-Year VRR

58.43

Bids Rejected

25

Bids Rejected

-

GIS 10-Year VRR

168.11

31.18

25

-

100

Total

1,056.50

309.59

250


Fixed Rental Rate (FRR) Sukuk played a critical role in the mobilization of funds. The GIS 05-Year FRR was the largest accepted category, raising Rs104.10bn at a cut-off rental rate of 11.13% and a cut-off price of 100.03.

The GIS 10-Year Zero Coupon also saw heavy demand, resulting in an accepted amount of Rs77.01bn against its Rs25bn target, with a cut-off price of 32.63 and a cut-off rental of 11.85%.

Furthermore, the GIS 03-Year FRR raised Rs. 30.71 Billion at a cut-off rental rate of 10.82% and a cut-off price of 99.82.

The shortest-term instrument, the 1-Year Discounted IJARAH Sukuk, raised Rs. 66.59 Billion with a cut-off rental rate of 10.43% at a price of 90.58.

In the Variable Rental Rate (VRR) category, results were mixed. The GIS 10-Year VRR successfully raised Rs31.18bn at a cut-off price of 100.00.

However, despite receiving bids worth Rs58.43bn, all bids for the GIS 05-Year VRR were rejected by the government.

Overall, the total amount raised consisted of Rs306.86bn in competitive bids and Rs2.74bn in non-competitive bids. 

The settlement date for all accepted instruments is October 15, 2025.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 166,560.75
630.12M
0.66%
1084.73
ALLSHR 101,235.06
1,075.88M
0.91%
908.28
KSE30 51,225.52
238.38M
0.37%
190.76
KMI30 243,372.87
119.48M
0.14%
334.37
KMIALLSHR 66,959.18
564.64M
0.79%
521.71
BKTi 47,144.00
139.76M
1.12%
520.68
OGTi 32,749.34
24.33M
0.85%
277.22
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 113,720.00 114,040.00
112,200.00
635.00
0.56%
BRENT CRUDE 62.48 62.54
62.02
0.09
0.14%
RICHARDS BAY COAL MONTHLY 80.50 80.50
80.50
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 89.00 0.00
0.00
-0.05
-0.06%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 58.86 58.90
58.37
0.16
0.27%
SUGAR #11 WORLD 15.72 15.91
15.59
-0.16
-1.01%

Chart of the Day


Latest News
October 15, 2025 at 01:08 PM GMT+05:00

Blue-Ex moves to PSX Main Board with Rs65m IPO


October 15, 2025 at 12:44 PM GMT+05:00

China struggles with weak demand, falling prices


October 15, 2025 at 12:17 PM GMT+05:00

ASML braces for China slowdown despite solid Q3


October 15, 2025 at 11:26 AM GMT+05:00

United Bank Limited doubles profit in 9MFY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg