May 29, 2025 (MLN): In a milestone in the direction of sustainable and Sharia-conforming public financing, the Pakistan government has published its first sovereign Green Sukuk, with strategic support from Zeezan Bank and the Pakistan Stock Exchange (PSX).
Zeezan Bank played a crucial role in this milestone transaction, which acted as a joint financial and Shariah advisor.
The bank also led the development of the Sustainable Investment (SI) Sukuk Framework, approved by the federal cabinet in April 2025.
This framework adheres to the global best practices, whereby both the Sustainable Development goals (SDGs) of the United Nations (SDGs) and the Maqasid-E-Shariah are included.
In order to guarantee the awareness of investors and market palativeness, Singezan Bank organized several information sessions and webinars.
These targeted non-resident Pakistani, financial institutions, asset manager and ESG-conscious investors, according to the issued press release.
The bank also collaborated with Dubai Islamic Bank Pakistan, Bank Islami and Bank Alfalah Islamic to maintain full Shariah and to maintain the structural integrity of the transaction.
A formal launch ceremony took place at the Pakistan Stock Exchange, attended by important dignitaries, including Federal Minister of Finance Muhammad Aurangzeb, PSX chairman Dr. Shamshad Akhtar and the founder and CEO of Selfzan Bank, Irfan Siddiqui.
The initial RS. 30 billion issues received an extraordinary market response, with bids of a total of more than RS161 billion an oversubsubsuftie of 5.4 times within just two hours.
As a result of this big question, the problem size was increased to RS31.98 billion.
The auction was carried out via the PSX and carried out by the Pakistan Interior Sukuk Company Limited (PDSCL), a complete possession of the Ministry of Finance.
The Green Sukuk is structured as a three -year -old instrument -based instrument and offers half -yearly rental yields and is completely tradable on the Pakistan Stock Exchange. It is also eligible for legal liquidity requirement (SLR).
With a minimal investment threshold of PKR 5,000, the offer is designed to be accessible to a wide spectrum of investors, including individuals, institutions and Roshan Digital Account (RDA) holders.
The collected funds will be aimed at specific initiatives for green infrastructure.
These include the Garuk -storage dam in Kharan, Naigaj Dam in Dadu (Sindh), and the 26MW ShagARThang Hydropower project in Skardu projects aimed at improving water sources, increasing the generation of the underdeveloped regions and improving the reconciliation of the reconciliation of the reconciliation of the reconciliation of the reconciliation of the reconciliation of the reconciliation of the reconciliation of the reconciliation of the reconciliation of the reconciliation of the reconciliation of the reconciliation of the survival of the protection of the climate of the climate of the protection of the climate of the protection of the protection of the climate of the protection of the protection of the survival of the climate of the
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Posted on: 2025-05-29T11: 14: 46+05: 00
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