Aurangzeb backs NGC Rs100 billion PSX Sukuk programme
The National Grid Company plans a phased, Shariah-compliant Sukuk listed on the Pakistan Stock Exchange, starting with up to Rs20 billion and a tenor of up to 10 years.
The National Grid Company of Pakistan Limited (NGC) plans to raise up to Rs100 billion through Shariah-compliant Sukuk listed on the Pakistan Stock Exchange.
The first issue would be up to Rs20 billion, with a tenor of up to 10 years, in phases through public offerings if approvals and market conditions allow.
The plan was discussed at the Capital Market Development Council’s fourth meeting, chaired by Finance Minister Muhammad Aurangzeb.
Corporate debt issuance was Rs291 billion from January to September 2026, after Rs326 billion in all of 2025.
Average daily debt-market traded value rose above Rs10 billion in FY2026-27 as of 15 October, from Rs3.93 billion in FY2025-26.