The federal government has unveiled a comprehensive strategy for gradually implementing an interest-free financial system in Pakistan. The plan outlines a phased transition to protect financial stability and minimize economic disruption. The roadmap is significant because it will reshape the country’s banking and financial framework after 2027. According to the Ministry of Finance’s report, Strategy […]
Sukuk
Pakistan to renew GMTN, Sukuk programmes to tap global markets
The government plans to renew its Global Medium-Term Note (GMTN) and Sukuk TCI programmes for three years to raise funds from international markets. As per documents shared by the Finance Division’s debt management office, the government aims to tap multiple international instruments, including Eurobonds, international Sukuk and PKR-denominated international bonds settled in USD. “The timing […]