The Government of Pakistan raised Rs. 76.15 billion through its latest Government of Pakistan Hybrid Sukuk auction. However, the total proceeds remained below the combined pre-auction target of Rs. 100 billion.
The Pakistan Stock Exchange conducted the auction through its PSX Auction System. The government offered fixed-rate discounted Sukuks and a 10-year variable rental rate Sukuk during the latest exercise.
Fixed-Rate Sukuk Auction Attracts Strong Demand
The government invited bids for three-month, six-month, and one-year fixed-rate discounted Hybrid Sukuks. The combined pre-auction target for these fresh issues stood at Rs. 75 billion, while investors submitted bids worth Rs. 131.855 billion.
The government accepted Rs. 49.163 billion through competitive bids. The three-month Sukuk secured Rs. 28.416 billion at a cut-off yield of 11.4998%, while the one-year instrument attracted Rs. 20.747 billion at 11.9863%.
Officials rejected all bids for the six-month Sukuk. Meanwhile, non-competitive bids added another Rs. 1.924 billion, including Rs. 1.134 billion for three-month securities and Rs. 0.790 billion for one-year securities.
Long-Term Sukuk Meets Government Target
The government also conducted the fourth reopening of its 10-year Variable Rental Rate Hybrid Sukuk. The instrument was originally issued on July 23, 2026, with a first-period reference rate of 11.3904%.
The auction attracted strong investor interest, with total bids reaching Rs. 253.075 billion. Bid prices ranged between 96.8876 and 98.5918 during the auction.
The government accepted Rs25.063 billion against its Rs. 25 billion target. Competitive bids accounted for Rs. 25 billion at a cut-off price of 98.5918, corresponding to a yield of 11.6384%.
Additionally, authorities accepted Rs. 0.063 billion through non-competitive bids. The latest auction therefore raised Rs. 76.15 billion across both Hybrid Sukuk offerings.
For the latest updates, visit and follow The Truth International website (www.thetruthinternational.com) and subscribe to the YouTube Channel.
