Govt targets to raise Rs600bn through GIS auction from Aug-Oct
MG News | August 08, 2025 at 10:44 AM GMT+05:00
August 8, 2025 (MLN): The Pakistan Stock Exchange Limited (PSX) will conduct auctions for the sale of GoP Ijarah Sukuk (GIS) from August to October 2025, targeting a total of Rs600 billion across various tenors and instruments.
According to the auction target calendar, the government
aims to raise Rs150bn through the sale of Short Term Sukuk – GIS Discounted
(1-year tenor), with Rs50bn to be raised in each of the three scheduled
auctions on August 20, September 17, and October 15, 2025.
For GIS – Fixed Rental Rate instruments, the target is set
at Rs225bn, with each auction offering Rs75bn split equally among 3-year,
5-year, and 10-year maturities.
Similarly, GIS – Variable Rental Rate Sukuk will also target
Rs225bn, with each auction offering Rs75bn allocated to 5-year,
and 10-year maturities.
The note in the schedule highlights that the 10-year
GIS-Fixed Rental Rate will be a zero-coupon instrument, while the 3-year
GIS-Variable Rental Rate will be discontinued from May 2025.
|
GIS Type |
Auction Date |
Tenor Wise Targets (PKR in Bn) |
|
||||
|
Settlement Date |
1 Year (PKR Bn) |
3 Year (PKR Bn) |
5 Year (PKR Bn) |
10 Year (PKR Bn) |
Target Auction Size (PKR
Bn) |
||
|
Short Term Sukuk – GIS - Discounted |
20-Aug-25 |
21-Aug-25 |
50 |
- |
- |
- |
50 |
|
17-Sep-25 |
18-Sep-25 |
50 |
- |
- |
- |
50 |
|
|
15-Oct-25 |
16-Oct-25 |
50 |
- |
- |
- |
50 |
|
|
Total |
|
|
150 |
- |
- |
- |
150 |
|
GIS - Fixed Rental Rate |
20-Aug-25 |
21-Aug-25 |
- |
25 |
25 |
25 |
75 |
|
17-Sep-25 |
18-Sep-25 |
- |
25 |
25 |
25 |
75 |
|
|
15-Oct-25 |
16-Oct-25 |
- |
25 |
25 |
25 |
75 |
|
|
Total |
|
|
- |
75 |
75 |
75 |
225 |
|
GIS - Variable Rental Rate |
20-Aug-25 |
21-Aug-25 |
- |
- |
25 |
50 |
75 |
|
17-Sep-25 |
18-Sep-25 |
- |
- |
25 |
50 |
75 |
|
|
15-Oct-25 |
16-Oct-25 |
- |
- |
25 |
50 |
75 |
|
|
Total |
|
|
- |
- |
75 |
150 |
225 |
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