A target of Rs 43 billion has been set for auction of Ijara Sukuk during the third quarter of current fiscal year (2012-2013). Tender for Sale of 3-Year Government of Pakistan Ijara Sukuk (GIS) has been invited by the Director, Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan, Karachi from the designated Primary Dealers in accordance with the provisions of DMMD circular No 05 dated 22nd March, 2013.
Under this auction a target of Rs 43 billion has set for sale of Ijara Sukuk. Tenders will be received up to 11:15 hours on March 26, 2013 and opened the same day at 11:30 hours. SBP has made it clear that single or all bids can be rejected without assigning any reason.