BUSINESS PERISCOPE: SBP to issue new Ijara Sukuk

KARACHI: The State Bank of Pakistan (SBP) on Monday announced the issuance of a new three-year Pakistan’s government Ijara Sukuk under which the federal government plans to raise Rs 50 billion in the fourth quarter of current 2011-2012 fiscal year (FY12) SBP invited designated primary dealers for the Sukuk in accordance with the provisions of SBP, according to the DMMD Circular No 25 dated December 14, 2011. The auction calendar has also been announced by the SBP for government of Pakistan Ijara Sukuk for the fourth quarter of FY12. Accordingly, two auctions will be conducted in April and June with a total auction target of Rs 50 billion. staff report

Home | Briefs