Sukuk

Reaches 93% of total deposits as banks continue to lend freely to govt

Rally as political deadlock ends; govt cuts profits on local saving products

Govt hopes to raise Rs150 billion at low rate of return at auction on Feb 20

Falls short of target as investors demand higher rate of profit on possible policy hike

Aims to raise new domestic debt as investors show strong interest in second Sukuk auction

Investors offer Rs479b at PSX auction; PM calls it remarkable achievement

A cost-effective financing tool amid restrictions on conventional options

Govt to issue euro, sukuk bonds to retain forex reserves at current level ahead of loan repayments

Move comes after delay in payments constrained company’s cash flow

Investors oversubscribe Islamic bond by 50% on first day of bidding