Author: Maryam Asrar

Content creator and a dedicated advocate for promoting positive change.

In a groundbreaking move, investors demonstrated overwhelming support on Friday by pledging a significant financing amount of Rs. 479 billion in the auction of one-year Ijarah Sukuk at the Pakistan Stock Exchange (PSX). This exceeded expectations by 16 times, far surpassing the initial target of Rs. 30 billion, according to unofficial reports pending official confirmation from the Ministry of Finance. This auction marked a departure from the norm, as it represented the Ministry of Finance’s first auction at the PSX, a departure from the traditional practice of conducting such auctions through the State Bank of Pakistan (SBP). While official results…

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