Pakistan Stock Exchange (PSX) has raised Rs76.286 billion for the Ministry of Finance through the 6th Government of Pakistan Hybrid Sukuk auction, held on May 20, 2026, reflecting sustained investor interest in Islamic government securities.

The auction drew strong participation, with total bids reaching Rs262.197 billion (face value) and realized bids totaling Rs254.593 billion.

Meezan Bank acted as Joint Financial Advisor, supporting the structuring and execution of the issuance.

According to the auction results, the one-year fixed-rate Sukuk was priced at a cut-off rate of 12.4880%, slightly lower than previous levels. The 10-year Variable Rental Rate Sukuk closed at a cut-off rental rate of 11.8569%, with a spread of 0.4884% over the benchmark reference rate of 11.3685%.

The outcome highlights continued liquidity in Pakistan’s Islamic debt market, with institutional investors actively participating in Shariah-compliant government financing instruments.