Govt to Launch Rs. 100 Billion PSX Sukuk

Meanwhile, the National Grid Firm of Pakistan Limited (NGC) is planning to raise up to Rs.

Key points

• The amount raised in 2025 was 30 percent higher than in 2024, reflecting growing activity in Pakistan's corporate debt market.
• The plan was discussed at the fourth session of the Capital Market Development Council (CMDC), chaired by Finance Minister Muhammad Aurangzeb at the Finance Division.
• 3.93 billion in fiscal year 2025-26 to more than Rs.
• The National Grid Firm of Pakistan Limited (NGC) is planning to raise up to Rs.
• SECP informed the council that it had consulted 17 pension fund managers and 44 insurance firms to identify barriers preventing greater investment in corporate debt instruments.

Meanwhile, the National Grid Firm of Pakistan Limited (NGC) is planning to raise up to Rs. 100 billion through Shariah-compliant Sukuk, with an initial issuance of up to Rs. 20 billion, the Finance Division was informed on Friday.

For context, the proposed program will have a tenor of up to 10 years and will be issued in phases through public offerings listed on the Pakistan Stock Exchange (PSX), subject to regulatory approvals and market conditions. AdalFi Intends Rs. 652 Million IPO to Expand Islamic, SME Lending.

For context, the plan was discussed at the fourth session of the Capital Market Development Council (CMDC), chaired by Finance Minister Muhammad Aurangzeb at the Finance Division.

In practice, the finance minister welcomed the proposed issuance, describing it as an opportunity to demonstrate the potential of listed corporate debt instruments and encourage other firms to raise long-term financing through the capital market. Corporate Debt Issuance Reaches Rs. 291 Billion.

For context, the session was informed that corporate debt issuances reached Rs. After Rs, 291 billion during January-September 2026. 326 billion raised throughout 2025.

For context, the amount raised in 2025 was 30 percent higher than in 2024, reflecting growing activity in Pakistan's corporate debt market.

In practice, the market additionally recorded 12 new listed corporate debt issuances worth Rs. 45.4 billion between February 2025 and September 2026, including Sukuk and other debt instruments.

For context, the council stressed the need to encourage more public offerings and expand access to capital market financing for businesses. Administration Pushes to Expand Debt Market.

In practice, the Securities and Exchange Commission of Pakistan (SECP) and PSX have established dedicated Corporate Debt Market Desks to guide firms interested in raising funds through debt instruments.

In practice, a one-window listing mechanism is additionally operational through SECP and PSX, with simplified procedures and information available online. Work is underway to bring the Central Depository Firm (CDC) into the mechanism.

Meanwhile, the council additionally reviewed reforms covering taxation, debt issuance, market infrastructure, investor protection and enforcement.

These measures aim to reduce transaction costs, improve liquidity, simplify listing procedures and encourage financing through instruments such as green and thematic Sukuk. Daily Debt Trading Crosses Rs10 Billion. Trading activity in Pakistan's debt market has additionally climbed.

Average daily traded value rose from Rs. 3.93 billion in fiscal year 2025-26 to more than Rs. 10 billion in fiscal year 2026-27 as of October 15, 2026.

Thirteen banks have been onboarded and are actively participating in secondary-market trading arrangements.

For context, the council discussed further measures to facilitate banks' participation in administration Sukuk trading through PSX and improve liquidity in the market. Administration Wants Pension Funds and Insurers to Invest More.

For context, the discussions covered the availability of suitable investment products, secondary-market liquidity, issuer disclosures and the broader investment framework. Iran Easily Bypasses Sanctions to Import Weapons Worth Billions.

Notably, the finance minister additionally directed SECP to work with PSX and other relevant platforms to develop practical solutions for small and medium-sized enterprises (SMEs) seeking capital market financing.

He pressed stronger engagement with investment banks, financial advisers and business organisations to encourage more businesses to raise long-term funds.

Aurangzeb additionally called on SECP and PSX to renew engagement with MSCI over Pakistan's potential future reclassification to Emerging Markets status.

He remarked the next phase of reforms should translate into higher corporate debt issuance, stronger market liquidity and broader investor participation. Stay Connected with ProPakistani.

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Taken together, the developments around govt to Launch Rs. 100 Billion PSX Sukuk point to a situation that is still moving, and the coming days should bring more clarity.