KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs74.617 billion through auction of the five-year Government of Pakistan Ijarah Sukuk on Thursday. The auction target for the Islamic bond had earlier been set at Rs75 billion. Previously on April 23, the government raised Rs76.38 billion through an auction of the Islamic bond. In that case, the auction target had been set at Rs75 billion, while the offered amount was Rs190 billion. The next auction is set for June 18, also for Rs75 billion, while another auction, also for Rs75 billion is to be held on July 23.

Source: Pakistan Today May 21, 2020 18:22 UTC