Pakistan on Friday launched its first Sovereign Domestic Green Sukuk worth Rs30 billion at the Pakistan Stock Exchange (PSX).
Based on an Ijarah structure, the three-year Sukuk will carry a variable rental rate and is being issued under the Sustainable Investment Sukuk framework.
Addressing the ceremony through video-link after launching the bonds, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said that the whole world is recognizing Pakistan’s economic growth and progress which is a positive sign for the country.
Aurangzeb said that during his visit to London and Washington, he held in-depth and comprehensive discussions with investors.
The entire world is satisfied and investors reposed confidence in Pakistan’s economic progress which is gaining momentum day by day and Pakistan Stock Exchange is smashing physiological barriers every other day, he added.
The finance minister noted that international investors have shown interest in Pakistan, provided the country maintains macroeconomic stability and continues reforms in energy, taxation, and state-owned enterprises.
Aurangzeb added that the government is in consultation with stakeholders to present a promising budget for FY-2526.
