Govt raises Rs331bn

The Newspaper's Staff Reporter Published November 7, 2024

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KARACHI: The government on Wednesday raised Rs331.7 billion through the Pakistan Stock Exchange by selling Sukuk.

The PSX raised Rs331.7bn against a target of Rs300bn for the Ministry of Finance in the 15th Auction of GOP Ijarah Sukuk (GIS),” said a press release issued by the PSX.

The GIS cut-off rates for one-year sukuk fell by 74.99bps to 10.9pc, three-year by 50bps to 11.50pc, five-year by 43bps to 12.1pc and 10-year by 104bps to 11.7pc.

Published in Dawn, November 7th, 2024

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