News Column

Pakistan to sell Rs49.5b sukuk tomorrow

June 24, 2014



Pakistan's central bank will sell Rs49.5 billion ($503.8 million) of Islamic bonds, the country's first such issuance in 15 months, with pricing to be set on Wednesday.



The sukuk will inject a much-needed liquidity management tool for the domestic Islamic banking industry. The appetite for local currency sukuk has grown with Islamic banks posting double-digit asset growth, but the government has been unable to match demand, constraining the sector's financing and investment capability.


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Source: Khaleej Times (United Arab Emirates)


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