{
  "id": 17248774,
  "title": "Govt to Launch Rs. 100 Billion PSX Sukuk",
  "url": "https://urgent.news/2026/10/30/govt-to-launch-rs-100-billion-psx-sukuk",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-30T15:25:30.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/10/30/govt-to-launch-rs-100-billion-psx-sukuk/"
  },
  "original_language": "en",
  "account": "The National Grid Company of Pakistan Limited (NGC) is set to launch a Sukuk issuance worth up to Rs. 100 billion, with an initial offering of up to Rs. 20 billion, according to the latest update from the Finance Division. This program is expected to have a maturity period of up to ten years and will be issued in phases through public offerings on the Pakistan Stock Exchange (PSX), contingent on necessary regulatory clearances and favorable market conditions. This announcement was made during the fourth meeting of the Capital Market Development Council (CMDC), chaired by the Finance Minister, Muhammad Aurangzeb, at the Finance Division. The minister expressed enthusiasm over the proposal, viewing it as a chance to showcase the potential of corporate debt instruments and stimulate other entities to raise long-term capital through the capital market.\n\nThe meeting also revealed that corporate debt issuances had reached Rs. 291 billion from January to September 2026, a figure that rose to Rs. 326 billion throughout the entirety of 2025. This rise in the amount raised in 2025, which was 30 percent more than in 2024, reflects an increasing trend in Pakistan's corporate debt market. In the period between February 2025 and September 2026, the market witnessed 12 fresh listings of corporate debt instruments, valued at Rs. 45.4 billion, including Sukuk and other debt securities. The Capital Market Development Council underscored the necessity to spur more public offerings and broaden access to capital market financing for businesses.\n\nTo facilitate such financial activities, the Securities and Exchange Commission of Pakistan (SECP) and PSX have established specialized Corporate Debt Market Desks, alongside a one-window listing mechanism for ease and transparency. Furthermore, efforts are underway to integrate the Central Depository Company (CDC) into the system. The council deliberated on reforms encompassing taxation, debt issuance, market infrastructure, investor protection, and enforcement aimed at diminishing transaction costs, enhancing liquidity, streamlining listing procedures, and promoting financing methods such as green and thematic Sukuk. The daily debt trading volume has also surged, with an average daily trade value increasing from Rs. 3.93 billion in fiscal year 2025-26 to over Rs. 10 billion in fiscal year 2026-27 as of October 15, 2026. Thirteen commercial banks have already committed to engaging in secondary-market trading operations. The council deliberated on additional steps to encourage banks’ involvement in government Sukuk trading via PSX and to bolster market liquidity. The Finance Minister also called on pension funds and insurance companies to increase their investments in corporate debt instruments, urging SECP to collaborate with PSX and other platforms to address barriers and create investment products conducive to SMEs seeking capital market financing. Aurangzeb further advocated for intensified collaboration with investment banks, financial advisers, and business organizations to foster a broader participation in the long-term capital markets.",
  "summary": "The National Grid Company of Pakistan Limited (NGC) is planning to raise up to Rs. 100 billion through Shariah-compliant Sukuk, … Read More The post Govt to Launch Rs. 100 Billion PSX Sukuk appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}